20 Feb 2019 – Chromatography Reagents Market is expected to grow over the forecast period owing to increase in demand of chromatography reagents in pharmaceutical, bio pharmaceutical industries and environmental industry. Chromatography reagents are used to measure the purity of the drug. Chromatographic reagents market is growing on account of increasing number of pharma and biotech companies. Furthermore the introduction of novel reagents with advanced properties has also added to the growth of chromatography reagents. In addition the increase in government funding for the development of novel drugs has fuelled the growth of Chromatography reagents market. The pharmaceutical industry is growing due to high burden of disease; improvements in healthcare infrastructure and improved healthcare financing are driving growth of the pharmaceutical market.
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Chromatography reagents find a number of uses in industries like food and beverage, chemical and semiconductor industries and environmental industries. Owing to the number of areas where these reagents are used, the chromatography reagents market is expected to grow. Further, the chromatographic reagents have found extensive use in proteomics, genomics, and metabolomics medicine. Furthermore, the growing demand of high performance petrochemicals, fine and specialty chemicals, natural gas, industrial gas and fuel cell industries has augmented the chromatography reagent market. New international CGMP & CGDP certification for pharmaceutical excipients, growing food safety concerns and increased importance of chromatography tests in drugs approval and ever increasing new drug launches are major factors augmenting the chromatography reagents market.
However, the high cost of chromatography reagents, immense competition among the many small companies present in this filed along with stringent government regulations for approval of chromatography reagents are a hindrance to growth of the chromatography reagents market. Chromatography reagents market is segmented on the basis of type of reagents and application.
Market segment by Type, the product can be split into
- Acylation Reagents
- Buffers
- Ion Pair Reagents
- Silylation Reagents
- Alkylation & Esterification Reagents
- Solid Support
- Derivatization Reagents
Market segment by Application, Chromatography Reagents can be split into
- Life Sciences
- Environmental Testing
- Food & Beverage Testing
- Others
Environmental testing is expected to be the driving factor for demand for the Chromatography reagents market. North America leads the global chromatography reagents market owing to flourishing pharmaceutical industry. High investments are made to carry out extensive research on drugs in the region. Furthermore, the government funding for development of Novel drugs augment the growth of the market. The United States is the largest market in North America followed by Canada. Similarly in Europe the major share of the chromatography reagents market is help by Germany followed by France and United Kingdom.
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Chromatography market is expected to show high growth rate over the forecast period in the Asia Pacific region. Expansion of chromatography reagent’s company in economies like Vietnam, Japan, China, India and Singapore indicate growth of the overall market. In addition a lot of drug manufacturing and pharmaceutical companies are setting up manufacturing facilities in the region. R&D for upcoming drugs by leading manufacturers is being outsourced to companies in Asia Pacific. Growing demographics and economies in developing countries in the region are expected to lead the growth in the medical membrane devices market in Asia Pacific leading to growth of chromatography reagents market. In addition the high growth of chromatography reagents market can be attributed to high government investment in bio medical industry in countries such as China, increasing focus on soil testing and food security in countries such as India. Development of bio clusters in India and China are also expected to grow the chromatography industry during the forecast period.
Moreover the stringent laws imposed by government of countries such as China to lay more emphasis on testing drugs, food and beverages would augment the growth of chromatography market. China, India and Japan are expected to be the harbinger of growth for the region. The chromatography market in Rest of the world (ROW) consisting of Middle East and Latin America are also expected to grow on account of growing pharmaceutical industry. Some of the major players in this industry are waters corporation, thermo fisher scientific, Inc, sigma Aldrich corporation, GE Healthcare, Emd Milipore, Phenomenx inc, Bio-Rad laboratories inc, Becton, Dickinson and Company, Agilent technologies, Helena laboratories, Regis technologies and Pall corporation. Milipore launched a range of new products for separation and analysis at the Pittcon conference and Expo 2016 in Atlanta on March 6th. The innovation included performance liquid chromatography and capillary glass chromatography for effective and easier analysis of water. Pall Corporation enters supply agreement with Kaneka KanCapA a leading protein chromatography sorbent for the primary capture of monoclonal antibodies from clarified cell culture. The companies invest a substantial amount every year to develop and innovate new chromatographic reagents to make analysis easier.
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