Market Trends of Chromatography Resins Industry
This section covers the major market trends shaping the Chromatography Resins Market according to our research experts:
Increasing Demand from Pharmaceutical Sector
- Chromatography resins are used in the pharmaceutical sector for a variety of applications during medicine manufacture, such as separation of chemical and biomolecules, protein purification for drug delivery, and diagnostics. The demand for chromatography resins is expected to increase, because of the increasing monoclonal antibody production and various government incentives.
- The increasing antibody production is in response to a rising number of critical diseases across the world. According to the World Health Organization, annually around 40 million people die because of non-communicable diseases (NCDs), of which 81% is because of cardiovascular diseases (CVDs), cancer, respiratory diseases, and diabetes mellitus. The death rates due to NCDs are expected to increase by 17% by 2025.
- In the United States, according to the Centers for Disease Control, over 100 million adults suffer from diabetes or prediabetes, and this number has doubled over the last five years. Additionally, according to the Centre for Disease Control and Prevention (CDC), illnesses from mosquito, tick, and flea bites have tripled, and nine new vector-borne diseases were discovered.
- Various governments in Asia-Pacific are not only promoting R&D in medicines, but also planning schemes to increase the demand for medicines, which may, in turn, drive the market studied.
- The National Natural Science Foundation of China funded four projects focusing on innovation of TB drugs, vaccine researches, and structure-based HIV vaccine designs.
- In India, in the latest budget announcement, the government has announced various health schemes and proposals, which would increase the demand for medicines, thereby, driving the studied market.
- Owing to all the aforementioned factors, the market for chromatography resins is expected to grow during the forecast period.
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North America Region to Dominate the Market
- North America region is expected to witness strong growth in the demand for chromatography resins, driven by increasing demand from the pharmaceutical sector in the United States.
- The United States pharmaceutical industry is growing at a rapid rate. The aging population and a rise in healthcare expenditure, along with growing diseases, have led to significant growth in the pharmaceutical industry in the country.
- Additionally, the rising demand for monoclonal antibodies, due to the growing number of critical diseases in the country, has increased the market for chromatographic resins in the country.
- In addition, chromatography resins are used in the food and beverages industry, which is one of the important industries in the country.
- The major manufactures, such as Coca Cola Co., Nestle, Tyson Foods, and Pepsi Co., among others, have their manufacturing units in the country. Hence, the consumption of chromatography resins is increasing in the United States.
- Furthermore, chromatographic columns are used to analyze adulterated food. The United States has some of the strictest adulteration laws, with the presence of the FDA in the country. This has increased the demand for chromatography resins in the country.
- Thus, all the factors, in turn are projected to drive the demand for the chromatography resins in the region during the forecast period.
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