Biotechnology Reagents Market Is Expected To Grow 7.4% CAGR till 2023

The global chromatography reagents market is expected to register a CAGR of more than 7.4% during the forecast period, 2018 to 2023. North America accounted for the largest market in 2017. North America is also expected to register the fastest growth during the forecast period.    

Increasing Academic and Commercial R&D Spending on Pharmaceuticals

The pharmaceutical industry holds the largest share in the chromatography reagents market, hence, the fluctuations in the pharmaceutical industry, globally, directly affects the demand for chromatography reagents. In this industry, chromatography reagents are used for a wide variety of applications, including separation of chemical and biomolecules, for drug delivery, protein purification, diagnostics etc. With the number of diseases on the rise, increased AIDS and cancer research, and discovery of new viruses & bacteria, industries have called for development of newer molecular entities (NMEs) to combat these diseases, and have increased their R&D spending on medicines. With the rise of critical diseases globally, monoclonal antibody therapeutics is quickly gaining importance, which directly employs chromatography reagents.

Major Players: Merck KGaA, Bio-Rad Laboratories, Inc., Mitsubishi Chemical Corporation, Thermo Fisher Scientific Inc., Tosoh Corporation, and General Electric, among others.

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Food & Beverages Industry to Dominate the Market Growth

Chromatography reagents are widely used in the food & beverages industry, for efficient purification of crystalline sugar and liquid sugar syrup. These reagents remove salt ions from the raw solutions and adsorb the yellowish-brown substances that give raw sugar its natural color. Further, the acidic ion exchange chromatography reagents charged with hydrogen ions are excellent catalysts for the mild hydrolysis of oligosaccharides and polysaccharides. The process results, for example, in a mixture of the monosaccharides glucose and fructose, which is used as a syrup in industrial applications. Ion exchange chromatography reagents can also simply and efficiently remove unwanted ionic compounds, such as, hardening elements or table salt, from gelatin, pectin, and whey. Combinations of strongly acidic, gelled and weakly-basic chromatography reagents generally are used for this purpose. The chromatography reagents are certified in many countries, worldwide for the processing of foods and drinking water. North America is currently the leader, in terms of consumption of chromatography reagents in the food & beverages industry. There are a large number of R&D activities, currently, in the United States, in the field of food purification, which is driving the market in the region.

North America Dominated the Market

The United States accounted for a lion’s share of the consumption in the North American region. The United States pharmaceutical industry was worth more than USD 450 billion in 2016. The industry is growing at a rapid rate. The aging population, rise in healthcare expenditure, along with increasing diseases has led to a significant growth in the pharmaceutical industry in the country. Healthcare is the largest expenditure in the US budget. About 20% of the total industry revenue is spent on R&D. The rising demand for monoclonal antibodies, due to the rising number of critical diseases in the country, has increased the market for chromatographic resin in the region.

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Regions Covered in this report are as Follows:

United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).

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