Newark, NJ, May 11, 2022 (GLOBE NEWSWIRE) -- As per the report published by MarketsandResearch.biz, the global preparative liquid chromatography market is expected to grow from USD 1,595.44 million in 2021 and to reach USD 3271.23 million by 2030, growing at a CAGR of 8.42% during the forecast period 2022-2030.
The demand for preparative liquid chromatography has grown fast in recent years, and it is expected to grow much more throughout the forecast period. This expansion can be attributed to substantial scientific collaborations, R&D spending for product innovation, and rising demand for biopharmaceutical products. Preparative liquid chromatography is one of the most widely used purification technology. The product engineers generally opt for preparative liquid chromatography as it is quite effective. It is defined as a process that can be used for isolating a compound at a specific purity level that can be used for further research. Preparative liquid chromatography is used by small to large pharmaceutical organizations. Thus, the growing emergence of small- and large-scale organizations is expected to boost market growth throughout the forecast period considerably.
Competitive Strategy
To enhance their market position in the global preparative liquid chromatography market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
- In June 2019, Agilent Technologies launched their advance MS/LC system to be adequately used by different end-users. The specialty of preparative liquid chromatography is the mass selective detector.
- In October 2018, Bio-rad launched CHT Ceramic Hydroxyapatite XT Media, used for high-resolution chromatography. It even purifies polyclonal, monoclonal antibodies, and other enzymes.
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Market Growth & Trends
The growth of the preparative liquid chromatography market is driven by the requirement of such processes for research findings and increasing R&D programs by local research institutions and universities. The rising demand for insulin, and omega-3 fatty acids, is one of the primary drivers of the market. Further, the increasing awareness about preparative liquid chromatography among research organizations will likely provide lucrative growth opportunities for the market. Preparative liquid chromatography is one of the most used techniques for preparing materials to be used for research. The manufacturers of chromatography instruments, consumables, accessories, etc., have invested in the research and development of technologically advanced chromatography instruments. Also, the emerging applications of such chromatography in government-funded research practices lead to a greater number of new manufacturers entering the market.
Key Findings
- In 2021, the medium pressure fluid type dominated the market with the largest market share of 45.79% and market revenue of 731.37 million.
The type segment is divided into low-pressure fluids, medium pressure fluids, and high-pressure fluids. In 2021, the medium pressure fluid type dominated the market with the largest market share of 45.79% and market revenue of 731.37 million. The pressure asserted in the medium pressure fluid type is considered accurate for most of the applications. The primary application of medium pressure fluid chromatography is in industrial-scale products and laboratory products. Column pressure ranges from 5bar to 20bar.
- In 2021, the pharmaceutical segment accounted for the largest share of the market, with 42.33% and a market revenue of 673.85 million.
The application segment is divided into pharmaceutical, laboratory, industry, and others. In 2021, the pharmaceutical segment accounted for the largest share of the market, with 42.33% and a market revenue of 673.85 million. In the manufacturing of pharmaceutical and biotechnological products, several purification phases are required to deliver a quality product, and these phases are critical and can have a substantial influence afterward. Preparative chromatography is a technique for separating the components of complicated mixtures. In the pharmaceutical industry, it purifies molecules by removing impurities. Purified molecules are utilized for various applications, including the clinical supply of active medicinal components. High-performance liquid chromatography has been one of the most widely used procedures for sorting and analyzing pharmaceutical raw materials and medications for many years.
Regional Segment Analysis of the Preparative Liquid Chromatography Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, the North American region emerged as the largest market for the global preparative liquid chromatography market, with a market share of 569.76 million of the market revenue in 2021. Due to several significant players in this region, North America is the greatest contributor in terms of market revenue. The region's ongoing R&D efforts and funding from the pharmaceutical industry are expected to drive the development of highly successful and enhanced instruments for the conduction of preparative liquid chromatography. The regional government issues several fundings for research and development in the life-science field. Furthermore, the market expansion will be fuelled by technology advancements and many suppliers with small and large scales that substantially invest in this industry.
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Key players operating in the global preparative liquid chromatography market are:
- Agilent
- Thermo Fisher Scientific
- Teledyne ISCO
- BUCHI
- JAI (Japan Analytical Industry Co. Ltd.)
- WATERS
- HANSON SCIENCE AND TECHNOLOGY (Jiangsu Hanbon Sci & Tech Co ltd)
- Biotage
- YMC and Waters
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Markets and Research have segmented the global preparative liquid chromatography market based on the below-mentioned segments:
Global Preparative Liquid Chromatography Market by Type:
- Low-Pressure Fluid
- Medium Pressure Fluid
- High-Pressure Fluid
Global Preparative Liquid Chromatography Market by Application:
- Pharmaceutical
- Laboratory
- Industry
- Others
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About the report:
The global preparative liquid chromatography market is analyzed based on value (USD Million). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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