Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Chromatography Resins Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
New Research Report Analyzes Global Chromatography Resins Industry Developments and Future Prospects
The latest global market report on chromatography resins offers an in-depth analysis of the significant advancements and emerging trends within the sector. Chromatography resins, essential for the purification process in various applications, are experiencing a strong market performance attributed to their pivotal role in the biopharmaceutical production, analytical endeavors, and environmental analyses.
Various factors such as technological innovations, increasing demand for monoclonal antibodies used in cancer treatments, and burgeoning investments in the healthcare sector substantially propel the industry's expansion. The global market, valued at $2.73 billion in 2023, is projected to swell to $2.97 billion in 2024, marking a CAGR of 9.1%. Looking ahead, forecasts indicate that the chromatography resins market size may escalate to $4.32 billion by 2028, with a CAGR of 9.8%.
In a recent report, the American Cancer Society highlighted the rising incidence of cancer diagnoses, which ineluctably increases the need for targeted cancer therapies. Hence, the demand for chromatography resins in bioseparation processes is on an upsurge. This demand is further augmented by significant strides in technological innovations, which enhance efficiency and economic benefits for the industry.
Salient Trends Shaping the Chromatography Resins Market:
- Incorporation of advanced chromatography techniques and custom resin solutions.
- Increasing investments in healthcare spurring R&D and production advancements.
- Emergence of specialized resins boasting superior performance and stability.
The Asia-Pacific region appears to be a burgeoning market with the fastest growth trajectory, attributed to the rise in drug development activities and the increasing embrace of precision medicine. North America currently holds the largest market share, owing to its robust biopharmaceutical sector and cutting-edge innovation environment.
The market encompasses a wide array of applications, with sales comprising ion exchange and affinity resins. The research data presented focuses on the 'factory gate' value, highlighting the revenue generated through the sales executed by original manufacturers and creators.
Overall, the chromatography resins market demonstrates significant prospects for growth. The forecasted expansion in the upcoming years underscores the market's potential, fueled by the vital role of chromatography in therapeutic developments and a multitude of scientific applications.
Industry players, stakeholders, and participants can anticipate the chromatography resins market to remain an area of dynamic growth and innovation, presenting numerous opportunities for both current applications and future expansions across the globe.
A selection of companies mentioned in this report includes
- Merck KGaA
- Bio-Rad Laboratories Inc.
- GE Healthcare Life Sciences
- Thermo Fisher Scientific Inc.
- Purolite Corporation
- W. R. Grace and Company
- Mitsubishi Chemical Corporation
- Tosoh Corporation
- Danaher Corporation
- Life Technologies Corporation.
- Repligen Corporation
- Pall Corporation a Danaher operating company under the Cytiva brand
- Cytiva a Danaher operating company
- Bio-Works Technologies AB
- E. I. du Pont de Nemours and Company
- Agilent Technologies Inc.
- Avantor Inc.
- Waters Corporation
- Nouryon Holding B.V.
- ChromaTan Corporation
- BIA Separations GmbH
- KANEKA Corporation
- Sepax Technologies Inc.
- YMC Co Ltd.
- Phenomenex Inc.
- MilliporeSigma
- 'Roche Diagnostics International Ltd
- Axion BioSystems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/bqwnlc
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