April 12, 2024
Prepacked Chromatography Columns Market

Prepacked Chromatography Columns Market is Estimated to Witness High Growth Owing to Increasing Demand from Pharmaceutical and Biotechnological Industries

The prepacked chromatography columns market offers advantages such as speed, precision and reproducibility. Prepacked chromatography columns helps in separation of complex mixtures of components in a single run. With a growing pharmaceutical industry and new drug discovery processes, the demand for prepacked chromatography columns has increased tremendously

The Global prepacked chromatography columns market is estimated to be valued at US$ 354.36 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in The Prepacked Chromatography Columns are ExxonMobil Corp., Pennzoil, Quaker Chemical Corp., Royal Dutch Shell Co, British Petroleum, Chevron Corp., Total S.A, JX Nippon Oil & Energy Corp., Lukoil, and Philips 66 Company. ExxonMobil Corp dominates the market with a market share of over 20%.
The key opportunities in the prepacked chromatography columns market include increasing biologics production and stringent environmental regulations. The Asia Pacific region is expected to witness highest growth in the prepacked chromatography columns market owing to expansion of biopharmaceutical industry and new drug approval processes in the region.

Market drivers
One of the major drivers for prepacked chromatography columns market is the increasing demand from biopharmaceutical and pharmaceutical industries. New drug development processes and quality by design approaches adopted by these end use industries require robust purification techniques like chromatography. This drives the need for prepacked chromatography columns which offers benefits like reduced operation time and improved process reliability.

PEST Analysis
Political: The regulations imposed by government agencies like the FDA impact the types of columns that can be used for analytical and process chromatography. Any changes in approval processes can affect the demand for certain types of prepacked columns.

Economic: Changes in overall economy and spending on research and manufacturing affect the capital expenditure on lab equipment like chromatography columns. The growth or decline in key industries utilizing chromatography also impacts demand.

Social: Developments in healthcare and pharmaceutical sectors driving research into new drug discoveries and disease treatments influence the use of chromatography techniques and demand for related consumables.

Technological: Advances in column materials, detectors, and integrated software solutions have enabled the miniaturization and automation of chromatography systems. This increases throughput and lowers analysis costs. Improved selectivity of newer column chemistries allows more complex samples to be analyzed.

Geographical concentration
North America and Europe account for over 60% of the global market value currently due to their leadership in pharmaceutical, biotechnology and chemical manufacturing sectors. Majority of the top chromatography equipment manufacturers are also headquartered in these regions.

Fastest growing region
Asia Pacific region is expected to record the highest CAGR through the forecast period. Factors such as rising investments in life sciences R&D, expanding generic drug production in India and China, and growing biopharma industries are fueling the demand for chromatography in this region. The widespread establishment of new manufacturing plants by global pharma firms is also propelling regional market growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it