SAN FRANCISCO, July 15, 2020
SAN FRANCISCO, July 15, 2020 /PRNewswire/ -- The global preparative and process chromatography market size is expected to reach USD 9.97 billion by 2026, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% from 2019 to 2026. Key drivers of the market include rising R&D investments by the government and public and private companies, growing use of chromatography techniques in the food and nutraceuticals industry, and increasing demand for biopharmaceuticals.
Increasing investments by the government to enhance R&D are expected to fuel demand for chromatography products during the forecast period. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), around USD 149.8 billion is spent every year on R&D by pharmaceutical entities. In addition, National Science Foundation stated that in 2016, out of the total R&D expenditure of USD 71 billion for life sciences research, universities, and colleges in U.S. accounted for USD 40,888 million.
Key suggestions from the report:
Read 120 page research report with ToC on "Preparative And Process Chromatography Market Size, Share & Trends Analysis Report By Type (Preparative Chromatography, Process Chromatography), By End Use, By Region, And Segment Forecasts, 2019 - 2026" at: https://www.grandviewresearch.com/industry-analysis/preparative-process-chromatography-market
Growing number of product and service launches by major players is also expected to propel market growth during the forecast period. For instance, in September 2017, GE Healthcare announced the launch of a new protein A chromatography resin. Additionally, in October 2018, Servier launched InnoPreP, a preparative chromatography service, as part of its manufacturing business. However, high cost of chromatography products is expected to restrain the market growth during the forecast period.
Grand View Research has segmented the global preparative and process chromatography market on the basis of type, end use, and region:
Find more research reports on Biotechnology Industry, by Grand View Research:
Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Corporate Sales Specialist, USA
Grand View Research, Inc.
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter