The global ion exchange chromatography reagents market is projected to grow at a CAGR of about 11.0% from 2013 to 2018. Increased support from governments’ worldwide, increased usage of chromatographic techniques in the biopharmaceutical industry, advances in pharmaceutical and biotechnology industries, innovations in chromatography techniques, and the integral role of chromatography in the development of monoclonal antibodies is helping the growth of the ion exchange chromatography reagents market.
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North American Ion Exchange Chromatography Reagents Market
North America is the leading the ion exchange chromatography reagent market, and is projected to grow at a CAGR of 9.7 % from 2013 to 2018. The demand and usage of advanced and efficient chromatography reagents has increased in North America. The North American ion exchange market is expected to be driven by increased investments, funding, and grants by government bodies, and a constant rise in the number of collaborations and acquisitions. The growth in the ion exchange reagents market is also be assisted by the high growth in the biopharmaceutical and biotechnology techniques that require protein and monoclonal antibody purification.
European Ion Exchange Chromatography Reagents Market
Europe has the second-largest share in the ion exchange chromatography reagent market, and is poised to reach $595.4 million by 2018, to grow at a CAGR of 9.3% from 2013 to 2018. Germany is the leading market for ion exchange chromatography reagents in Europe, and is projected to grow at CAGR of 9.4% in the forecasted period. The increase in R&D activities by small pharmaceutical firms in collaboration with larger pharmaceutical companies is propelling the growth of chromatography reagents market. The market is also supported by acquisition and partnerships among companies which offer separation and purification solutions, increased support from government bodies, and increased use of ion exchange chromatography techniques in monoclonal antibodies purification.
Asian Ion Exchange Chromatography Reagents Market
Asia is expected to be the fastest-growing ion exchange chromatography reagents market globally. India is the largest market for ion exchange chromatography reagents in Asia, projected to grow at a CAGR of 14.8% during the forecasted period. China, India, Singapore, Malaysia, Vietnam, and Japan are the major markets for ion exchange chromatography reagents in Asia. The Asian ion exchange market is expected to grow at a significant rate, primarily driven by the expanding Asian pharmaceutical industry. Singapore is expected to become a central chromatography market in Asia, with major chromatography companies investing in Singapore. This is likely to boost the chromatography reagents market in Asia.
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