The China Mixed Mode Chromatography Resin Market Is Regarded As The Fastest Growing In The Asia Pacific Region, With A Net Worth Of US$ 7.6 Million In 2022 And A Projected To Witness A CAGR Of 15% From 2022 To 2032.
The China Mixed Mode Chromatography Resin Market Is Regarded As The Fastest Growing In The Asia Pacific Region, With A Net Worth Of US$ 7.6 Million In 2022 And A Projected To Witness A CAGR Of 15% From 2022 To 2032.
“Extensive use of mixed mode chromatography resin in chemical, pharmaceutical, environmental research, and biochemistry laboratories and several other industries have strengthened its market in all major economies of the world,” comments a Fact.MR analyst.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global mixed mode chromatography resin market is predicted to witness an impressive growth rate of 15.7% during the forecast years 2022 to 2032. The net worth of the mixed mode chromatography resin market share is expected to reach US$ 428 Million by the year 2032 while increasing from US$ 91 Million in the year 2021.
Increasing investment by mixed mode chromatographic resin market players in R&D for targeted therapies like cancer, HIV/AIDS, and immunodeficiency abnormalities are expected to drive the global market during the forecast years.
Technological advancements in biomedical engineering, pharmaceuticals, and biotechnology companies’ increased focus on extending their product portfolio through a soaring number of drug breakthroughs and clinical trial initiatives, are some of the major factors determining the mixed mode chromatographic resin market growth.
The key driver for the mixed mode chromatography resin market is the increase in the number of manufacturing and research companies in the regions of the Asia Pacific and Latin America.
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The rise of drug discovery procedures by major pharmaceutical firms there for emerging illnesses like Ebola, Zika, and H1N1 is also propelling the mixed mode chromatography resin market growth forward. The development of biopharmaceutical drugs as a consequence of advances in the pharmaceuticals and biopharma sector is regarded as another possibility for the global mixed mode chromatography resin market to flourish.
Increased demand for therapeutic antibodies for patient treatment is another important factor driving the mixed mode chromatography resin market growth. The trend of using chromatography to replace traditional separation techniques like filtration and distillation has sparked fresh ideas for chromatography applications in a variety of new fields and further boosted the demand for mixed mode chromatography resin.
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Key Takeaways
- In absolute dollars, the global mixed mode chromatography resin market is predicted to result in a total rise of US$ 328.4 Million, by growing at a CAGR of 15.7%over the next ten years.
- Based on the numerous product categories offered by mixed mode chromatography resin market participants, ion exchange-hydrophobic type products are the most lucrative, with a forecasted growth rate of 15.5% over the period covering the years 2022 to 2032.
- The antibody production segment, with a predicted growth rate of 15.2% over the projection years, is the best-performing category for the mixed mode chromatography resin market on the basis of several applications.
- In terms of total value, the mixed mode chromatography resin market in the United States is the world’s largest regional market, with a net worth of US$ 36.2 Million in 2022 and is predicted to reach a value of US$ 152.4 Million by the end of the forecast period.
Competitive Landscape for Mixed Mode Chromatography Resin Market Key Players
Name of some of the mixed mode chromatography resin market key players are Bio-Rad Laboratories, Inc., GE Healthcare, Purolite Corporation, Danaher Corporation, Avantor, JSR Micro Inc., Kaneka Corporation, Thermo Fisher Scientific, Sepragen Corporation, and Merck among others.
Recent developments in the Mixed Mode Chromatography Resin Market
- The international company Merck stated in December 2020 that it will expand its manufacturing footprint at its plants situated in the United States at several locations. These locations provide vital items to clients producing life-saving medicines, such as COVID-19 vaccines, as well as biopharmaceutical manufacturing products and services.
- Tosoh Corporation introduced TSKgel FcR-IIIA-NPR, a novel chromatographic resin, in February 2019. This resin can aid in the analysis of antibody drug structure and function.
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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Mixed Mode Chromatography Resin Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Analysis Type (Ion Exchange Hydrophobic Type, Hydroxyapatite Type, and Others), by Application (Antibodies Production, Vaccine Production, Non-antibody Proteins, Antibody-drug Conjugate), by Region - Global Forecast 2022-2032
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