NEW YORK, Aug. 27, 2015 /PRNewswire/ -- The global chiral separation chromatography columns market is estimated to grow at a CAGR of 5.2% from 2014 to 2019. Though the mature markets (such as the U.S., Germany, and the U.K.) hold larger shares in the chiral separation chromatography columns, the Asia-Pacific region is expected to grow at the highest CAGR of 6.3% in the forecast period. The growth of the chiral separation chromatography columns market is driven by factors such as government investment in chromatography techniques, advancements in chromatography instruments, increasing tie-ups with research laboratories & academic institutes, and an increasing importance of chromatography tests for drug approvals.
However, the need for skilled professionals and high costs of instruments hamper the growth of the global chiral separation chromatography columns market. Moreover, the growing adoption of green chromatography, rising proteomics market, and new product launches further create new opportunities for the global chiral separation chromatography columns market across various geographies.
In this report, the global chiral separation chromatography columns market has been broadly classified on the basis of applications, material, type, and end-user. The applications segment is further classified into liquid chromatography systems, gas chromatography systems, thin layer chromatography systems, and supercritical fluid chromatography. On the basis of materials, the market is segmented into metal (stainless steel), glass, and plastic. Based on types, the market is further classified into empty columns and pre-packed columns. The end-users for the global chiral separation chromatography columns market are pharmaceutical & biotechnology industry, academics/ government laboratories/ research institutes, food & beverage industry, hospitals/clinic, neutraceutical companies, cosmetic industry, and environmental agencies.
Geographically, North America (comprising the U.S. and Canada) is estimated to command the largest share of 40.2% of the global chiral separation chromatography columns market in 2014, followed by Europe. The chiral separation chromatography columns market in North America is primarily driven by funding in medical research, the North American drug development regulations that demand chromatographic methods of analysis for drug approval, growing metabolomics researches in the U.S., and direct & indirect financial investments in chromatography accessories.
However, high costs of instrument, installation costs, and reimbursement issues hamper the growth of the chiral separation chromatography columns market in this region. The Asia-Pacific region is estimated to grow at the highest CAGR of 6.3% from 2014 to 2019. Factors such as the growing demand for chromatography procedures for life sciences, biotechnology, chemicals, pesticide, food & beverage, and other similar industries; geographic expansions of major chromatography players in the regional market and increased government investments in the biomedical industry drive the growth of the chiral separation chromatography columns market in Asia-Pacific.
The global chiral separation chromatography columns market is a competitive market with a number of market players. As of 2014, the global chiral separation chromatography columns market is estimated to be dominated by Agilent Technologies (U.S.), Thermo Fisher Scientific Inc.,(U.S.), Waters Corporation (U.S.), GE Healthcare (U.K.), and Phenomenex, Inc. (U.S.)., Sigma Aldrich Co. (U.S.), and Shimadzu Corporation (Japan). New product launches & partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the chiral separation chromatography columns market.
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