The North America chromatography resins market is estimated to witness a healthy growth, at an estimated CAGR of over 7%, over the forecast period. The major factors driving the growth of the market studied are technological advancements in chromatography resins and increasing importance of chromatography tests in drug approvals.
Key Market Trends
Increasing Demand from Pharmaceutical Sector
United States to Dominate the Market
Competitive Landscape
The North America chromatography resins market is partially consolidated in nature. Some of the major players in the market include Thermo Fisher Scientific, General Electric, Merck KGaA, Dupont, and Mitsubishi Chemical Corporation, among others.
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- Rising importance of green chromatography is likely to create opportunities for the market in the coming years.
- United States is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Key Market Trends
Increasing Demand from Pharmaceutical Sector
- Chromatography resins are used in the pharmaceutical sector for a variety of applications during medicine manufacture, such as separation of chemical and biomolecules, protein purification for drug delivery, and diagnostics. The demand for chromatography resins is expected to increase, because of the increasing monoclonal antibody production and various government incentives.
- The increasing antibody production is in response to a rising number of critical diseases across the region. According to the World Health Organization, annually millions of people die because of non-communicable diseases (NCDs), of which 81% is because of cardiovascular diseases (CVDs), cancer, respiratory diseases, and diabetes mellitus.
- In the United States, according to the Centers for Disease Control, over 100 million adults suffer from diabetes or prediabetes, and this number has doubled over the last five years. Additionally, according to the Centre for Disease Control and Prevention (CDC), illnesses from mosquito, tick, and flea bites have tripled, and nine new vector-borne diseases were discovered.
- Owing to all the aforementioned factors, the market for chromatography resins is expected to grow during the forecast period.
United States to Dominate the Market
- The pharmaceutical industry in the country is growing at a rapid rate. The aging population and a rise in healthcare expenditure, along with growing diseases, have led to significant growth in the pharmaceutical industry in the country.
- Additionally, the rising demand for monoclonal antibodies, due to the growing number of critical diseases in the country, has increased the market for chromatographic resins in the country.
- In addition, chromatography resins are used in the food and beverages industry, which is one of the important industries in the country.
- The major manufactures, such as Coca Cola Co., Nestle, Tyson Foods, and Pepsi Co., among others, have their manufacturing units in the country. Hence, the consumption of chromatography resins is increasing in the United States.
- Furthermore, chromatographic columns are used to analyze adulterated food. The United States has some of the strictest adulteration laws, with the presence of the FDA in the country. This has increased the demand for chromatography resins in the country.
- Thus, all the factors, in turn are projected to drive the demand for the chromatography resins in the country during the forecast period.
Competitive Landscape
The North America chromatography resins market is partially consolidated in nature. Some of the major players in the market include Thermo Fisher Scientific, General Electric, Merck KGaA, Dupont, and Mitsubishi Chemical Corporation, among others.
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- The market estimate (ME) sheet in Excel format
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned
A selection of companies mentioned in this report includes:
- Agilient Technologies
- Avantor, Inc.
- Dupont
- General Electric
- Merck KGaA
- Mitsubishi Chemical Corporation
- Purolite
- Thermo Fisher Scientific
- Tosoh Bioscience LLC
Methodology
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