The global preparative and process chromatography market was estimated to be worth $11.3 billion in 2023 and is poised to reach $15.6 billion by 2028, growing at a CAGR of 6.8% from 2023 to 2028.
The growth of this market is majorly driven by growth of CROs and CMOs in pharmaceutical industry, growing demand for monoclonal antibodies, and rise in need for disposable prepacked columns.
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The preparative and process chromatography market exhibited noteworthy trends in 2022. Process chromatography emerged as the dominant segment within this market, and it is projected to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period. This prominence can be attributed to the growing significance of process chromatography in the chemical and biochemical industries, the increased research activities in the pharmaceutical and biotechnology sectors, and the surge in funding for protein research.
Furthermore, the pharmaceutical and biotechnology industries claimed the largest market share within the preparative and process chromatography market. This dominance is primarily a result of substantial investments in Research and Development (RD) endeavors within the biotechnology and pharmaceutical sectors, as well as the proliferation of research studies.
Geographically, North America stood out as the leader in the global preparative and process chromatography market. Factors contributing to North America's dominance include government funding for scientific research and RD, a thriving biopharmaceutical product research environment, and the presence of key industry players. On the other hand, the Asia Pacific region is expected to register the highest CAGR during the forecast period due to the increasing demand for preparative and process chromatography procedures in various fields, including life sciences, biotechnology, and the food and beverage industry, as well as a rising need for generic drugs.
Prominent companies in this market include well-established, financially stable manufacturers of preparative and process chromatography. These companies have been operating in the market for several years and possess diversified state-of-the-art technologies, product portfolios, and strong global sales and marketing networks. Prominent companies in this market include Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), and Bio-Rad Laboratories, Inc. (US).
Recent Developments
- In 2023, Thermo Fisher acquired MarqMetrix, a privately held developer of Raman-based spectroscopy solutions for inline measurement. The acquisition added highly complementary Raman-based inline PAT to Thermo Fisher’s portfolio.
- In 2023, Waters Corporation and Sartorius collaborated to develop integrated analytical solutions for downstream biomanufacturing, expanding their joint agreement that began with upstream bioprocessing analytics.
- In 2022, Shimadzu Corporation developed the Brevis GC-2050. This new space-saving GC delivers high analytical performance in a rugged design to meet laboratory requirements.
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