Hydrophobic Interaction Chromatography Market Insights
The Hydrophobic
Interaction Chromatography Market Share is anticipated to reach USD
0.44 Billion by 2032 at 7.7% CAGR during the forecast period 2023-2032.
Hydrophobic
Interaction Chromatography (HIC) is referred to as a technique which helps in
separating molecules based on their hydrophobicity. This technique purifies
proteins without affecting the biological activities. Thus, the growing demand
for monoclonal antibodies and increasing expenditure research & development
in biopharmaceuticals, all are expected to drive the growth of the Hydrophobic
Interaction Chromatography Market Growth at the time of the assessment
period.
Hydrophobic
Interaction Chromatography Market Overview and Report Analysis By Product and
Service (Resins, Columns, Services, Others), Sample Type (Monoclonal
Antibodies, Vaccines, Others), End-User (Research & Academic Institutes) -
Forecast Till 2032
Key Players
The
list of key Hydrophobic Interaction Chromatography Market Players are
states
as Bio-Rad Laboratories,
Sartorius
AG,
Thermo
Fisher Scientific,
GE
Healthcare,
Tosoh
Corporation,
Waters
Corporation,
Geno
Technology,
Sepax
Technologies,
JNC
Corporation,
Agilent
Technologies,
Merck
KGaA,
Mitsubishi
Chemical Corporation,
Danaher
Corporation, and
Avantor
Performance Materials
are
some of the key players in the global hydrophobic interaction chromatography
market.
Global Hydrophobic Interaction Chromatography Market: Drivers
& Trends
It
has been observed that several factors are igniting the market of hydrophobic
interaction chromatography in broader ways and thus, the market is
proliferating year by year. Therefore, the increasing demand for hydrophobic
interaction chromatography resins across various end-use industries such as
food and beverages and pharmaceutical are majorly expected to drive the growth
of the market in the next few years. With that, the swelling scope of its usage
mainly in the genetic engineering industry is another crucial factor that will
support the revenue growth of the global hydrophobic interaction chromatography
market in the years to come.
As per MRFR did the Hydrophobic Interaction Chromatography Market Research, it mentioned that according to the European Federation of Pharmaceutical Industries and Association, in 2016, the expenditure made for research & development in the pharmaceutical industry was EUR 35000 million, while ignited the market to stagger at a considerable CAGR. After it, with the increasing number of contract research organizations and contract manufacturing organizations have supported and contributed extravagantly to the market growth.
Regional Outlook
Regionally,
the global Hydrophobic Interaction Chromatography Market Insights Outlook has
covered significant regions such as North America, Europe, Asia-Pacific, and
the Middle East and Africa.
Among
these, North America is expected to lead the hydrophobic interaction
chromatography market owing to the existence of government and public funding
for protein-based research projects, rising automation of purification
equipment, and growing demand for protein-based biologics. Besides, the
swelling research and development expenditure is also expected to contribute
majorly to the market growth in the region. As per the reports, according to
the UNESCO Institutes for Statistics, in the US, the research & development
expenditure was 2.79% of the GDP (Gross Domestic Product) in 2015.
Europe
is also probable to grasp the second largest position in the global hydrophobic
interaction chromatography market with the increasing funding events provided
by the government and private organizations towards research and development.
This anticipates for the market to drive forward at a higher CAGR by the
forecast period.
Whereas,
the Asia-Pacific hydrophobic interaction chromatography market has countries,
namely, China, Japan, the Republic of Korea, India, Australia and they are
expected to be the fastest growing countries in the hydrophobic interaction
chromatography market. Major factors behind market growth fall as a growing
number of contract research organizations, developing healthcare
infrastructure, increasing research and development activities in the
biotechnology sector and increasing expenditure healthcare. These are
influencing market proliferation in this region.
While
the Middle East and Africa hold the least share in the global hydrophobic
interaction chromatography market owing to the presence of stringent government
policies and weak economies. However, growing awareness among the population
and high investments that are being made by private market players in this
region can eventually boost the market growth.
Global Hydrophobic Interaction Chromatography Market Segmentation
In the reports by MRFR, the global Hydrophobic Interaction Chromatography Market Outlook has been segmented into product and service, sample type, and end-user.
- On the basis of products and services, the market has been segmented by products such as resins, columns, HIC columns, buffers, and other products and services. The resins segment further has been segmented into bead-based resins and membrane-based resins. The column segment has been further segmented into empty columns and pre-packed columns. Whereas, HIC columns by material are further segmented into stainless steel columns and glass and plastic columns.
- By the mode of sample type, the market has been segmented into monoclonal antibodies, vaccines, and others.
- By the mode of end-user, the market has been segmented into pharmaceutical and biopharmaceutical companies, contract research organizations and contract manufacturing organizations, research and academic institutes, and others.
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