In a recently published report, Membrane Chromatography Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Membrane Chromatography Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Membrane Chromatography Market is valued approximately USD 171.4 million in 2019 and is anticipated to grow with a healthy growth rate of more than 15.5 % over the forecast period 2020-2027. Membrane chromatography is new bio separation technology, based on the integration of membrane filtration and liquid chromatography into a single-stage operation. Membrane chromatography can reduce bioprocessing costs due to the disposable nature, low buffer consumption and reduced equipment costs. The global Membrane Chromatography is facing challenges due to the coronavirus pandemic as various companies has restricted their manufacturing and supply operations at halt. The rising advantages of membrane chromatography over conventional chromatography techniques, increasing biopharmaceutical R&D and increasing regulatory scrutiny on the cleaning validation of downstream purification processes are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 05th March 2019, Sartorius Ag agreed into a partnership with Novasep. This partnership lead to the development of novel systems for membrane chromatography systems that integrate Sartorius Stedim Biotech’s single-use technology and Novasep’s BioSC® platform. However, limited use of membrane chromatography products in large-scale manufacturing is the major factor restraining the growth of global Membrane Chromatography market during the forecast period.
The regional analysis of global Membrane Chromatography market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the increasing demand for biopharmaceuticals, the presence of a well-established biopharmaceutical industry, and rising R&D expenditure by biopharmaceutical companies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Thermo Fisher Scientific, Inc.
Asahi Kasei Corporation
Cole-Parmer Instrument Company, Llc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Ion Exchange Membrane Chromatography
Affinity Membrane Chromatography
Hydrophobic Interaction Membrane Chromatography
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By Operation Mode:
Flow-through Membrane Chromatography
Bind-elute Membrane Chromatography
Pharmaceutical and Biopharmaceutical Companies
Clinical Research Organization (CROs)
Academic and Research Institutes
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Membrane Chromatography Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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