The global chiral chromatography column market was valued at $73.4 million in 2016 and is forecast to grow at a steady CAGR of 5.4% between 2017 and 2024, culminating in 2024 global sales of $124.0 million.
Industry at a Glance
Expansion of biotechnology and pharmaceutical industry coupled with increasing number of world-class healthcare facilities in emerging economies of Asia Pacific and Latin America is anticipated to boost market growth over the forecast period. Escalating investments for technological advancements in last five years has been experienced. Companies have introduced new systems that are anticipated to accomplish chromatographic events in less time and deliver more thorough results.
Rising chromatography importance regarding drug approvals is expected to remain a key driving factor for market growth over the next seven years. Furthermore, increasing chiral chromatography usage for food authenticity and aroma accuracy is set to fuel demand. It I majorly deployed in academic research laboratories and end-use industries including pharmaceutical, biotechnology environmental testing among others.
Strong development of proteomics & life science sector is another key trend shaping up industry dynamics. The proteomics market has witnessed prolific growth over the last few years and is anticipated to be valued over USD 20 million by 2020 owing to the increasing demand for diagnosis, drug discovery, and other procedures. Chiral chromatography column plays a key role in proteomics drug discovery.
“Optimal Price Point (OPP) for Chiral Chromatography Column Products”
Estimated Average Chiral Chromatography Column product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
The pricing strategies being adopted by industry participants is largely influenced by factors such as R&D costs, government funding and demand in the market. Technological advancements in the field of chromatography will also play an important role in shaping pricing trends in the market over the forecast period.
Based on the type, the market has been segmented into empty and pre-packed. Pre-packed segment is further divided into analytical and preparative. The analytical segment accounted for over 60% of the overall revenue and is anticipated to continue its dominance over the forecast period. Analytical columns are widely used in commercial separations. Simulated moving bed (SMB) is a constant column separation that enables MT scale production. At present, the major SMB chiral production in the world is >100MT. They offer brilliant resolution of racemates, speedy and simplified technique development, strength and extended shelf life.
The market has been segmented into supercritical fluid chromatography (SFC) systems, gas chromatography (GC) systems, liquid chromatography systems, and thin-layer chromatography systems (TLC) based on application. Liquid chromatography systems emerged as the fastest growing segment due to extensive HLPC usage in production-level processes in the pharmaceutical and food & beverage industry. However, UHPLC systems are substituting HPLC systems, owing to faster analysis and improved resolutions in comparison to HPLC. HPLC and UHPLC systems are widely utilized in drug development, drug approval, and quality control of drugs, APIs, and excipients.
By end-use, the market has been segmented into pharmaceutical & biotechnology, food & beverage, hospitals, research laboratories, cosmetics, nutraceutical, and cosmetics. Pharmaceuticals emerged as the leading application segment and accounted for over 25% of the overall market revenue in 2016. Increasing R&D investments along with government investment, funds, and grants have spurred the growth of pharmaceutical industry specifically in developing economies.
North America was the leading regional market for chiral chromatography column and accounted for over 30% of the overall industry revenue in 2016. The regional market is anticipated to be driven by amplified research for drug and biologic growth, chromatography discussions, government funding in the chromatography instrumentation market.
Asia Pacific and Latin America are anticipated to witness prolific growth owing to strong potential in emerging economies such as China, India, Japan, Brazil, and Mexico. They offer diverse opportunities for development and companies are strategically entering regional markets to expand their reach and increase revenue. The growth in emerging economies can be attributed towards the increasing number of pharmaceutical, biotechnology, and medical research industries in China, India, and Brazil.
Growth Drivers & Restraints
The growth of pharmaceutical industry coupled with huge investments in R&D is anticipated to remain one of the key driving factors for market growth over the next seven years. The demand for chiral chromatography is slated to increase further owing to due to strong demand from food & beverage sector. It is being extensively deployed in food authenticity and accuracy of aroma in the food & beverage applications. Moreover, governing guidelines in the Asia Pacific region are more relaxed and business friendly, owing to the moderately less strict norms.
Top Players & Company Share
Prominent companies operating in the global chiral chromatography columns market include Agilent Technologies, Waters Corporation, Phenomenex Inc., Sartorius AG, Daicel Corporation, Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Shimadzu Corporation, GE Healthcare, W.R. Grace, and Regis Technologies.
- Chiral Chromatography Column Market by Type (Revenue, USD Million)
- Empty Columns
- Pre-Packed Columns
- Analytical Columns
- Preparative Columns
- Chiral Chromatography Column Market by Application (Revenue, USD Million)
- Supercritical Fluid Chromatography (SFC) Systems
- Gas Chromatography (GC) Systems
- Liquid Chromatography Systems
- Thin-Layer Chromatography Systems
- Chiral Chromatography Column Market by End-Use (Revenue, USD Million)
- Pharmaceutical & Biotechnology
- Food & Beverage
- Research Laboratories
- Chiral Chromatography Column Market by Region (Revenue, USD Million)
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
- North America