February 22, 2021
According to the research report titled ‘Global Membrane Chromatography Market Size study with COVID-19 Impact, by Product (Consumables and Accessories), by Technique (Ion Exchange Membrane Chromatography, Affinity Membrane Chromatography and Hydrophobic Interaction Membrane Chromatography), by Operation Mode (Flow-through Membrane Chromatography and Bind-elute Membrane Chromatography), by End-User (Pharmaceutical and Biopharmaceutical Companies, CROs and Academic and Research Institutes) and Regional Forecasts 2020-2027’,available with Market Study Report LLC, global membrane chromatography market accounted for USD 171.4 million in the year 2019 and is likely to register a y-o-y growth rate of 15.5% during the forecast period, subsequently accounting for USD 542.9 million by the year 2027.
Growing number of biopharmaceutical R&D activities coupled with introduction of strict validation of downstream purification operations are some of the key factors driving the growth of global membrane chromatography market.
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Membrane chromatography is a type of a bio separation technology which is based on the incorporation of liquid chromatography and membrane filtration into a single-stage operation. This helps in reducing bioprocessing costs, lower buffer consumption as well as equipment costs. Widespread adoption of the technology over conventional chromatography techniques is also fueling the market size.
Technological advancements and increasing collaborations among the top manufacturers are also favoring the overall market scenario. However, lack of awareness regarding membrane chromatology, especially in large-scale manufacturing processes, may hamper the industry remuneration in the upcoming years.
The advent of COVID-19 outbreak could also potentially hinder the demand in membrane chromatography industry owing to the lockdowns imposed by worldwide governments which has resulted in manufacturing and supply chain disruptions.
From the regional perspective, North America accounts for the largest share in global membrane chromatology industry and is predicted to expand continuously in the upcoming years, owing to growing demand for biopharmaceuticals, mounting R&D expenditure, and high concentration of biopharmaceutical companies.
Meanwhile, Asia-Pacific is speculated to emerge as a major revenue generator for the overall market in the ensuing years.
The prominent companies operating in global membrane chromatography market are GVS Group, Purilogics LLC, Restek Corporation, Cole-Parmer Instrument Company LC, Asahi Kasei Corporation, 3M Co., Thermo Fisher Scientific Inc., Merck Millipore, Danaher Corp., and Sartorius AG among others.