Flash Chromatography Market Highlights
According to MRFR analysis, the global flash chromatography market is expected to register a CAGR of 5.2% from 2021 to 2027 and hold a value of USD 378.9 million by 2027. The global flash chromatography market is driven by several factors, such as rising demand for purification and filtration process by the pharmaceutical & biotech companies. In addition, the increasing applications of flash chromatography in various industries such as forensic science, life science, and food & beverage further boost the growth of the market. Moreover, collaborations between research laboratories and flash chromatography manufacturers, is fueling the growth of the flash chromatography market during the forecast period.
The key players are involved in product launches, strategic agreements, joint ventures, and acquisitions to augment their market positions. For instance, in November 2021, Thermo Fisher Scientific (US) acquired PharmaFluidics NV (Belgium), the developer of the μPAC range of microchip-based chromatography columns. The acquisition will improve the chromatography performance in biomarker, proteomics, and drug R&D applications. Moreover, assisting biotechnology & pharmaceutical companies in gaining new insights and advancing scientific discovery.
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Flash Chromatography Market Regional Analysis
North America is expected to dominate the flash chromatography market, owing to rising research activities in pharmaceutical industries and technological advancements in chromatography techniques. Furthermore, the presence of major industry players across the region, such as Thermo Fisher Scientific (US), PerkinElmer, Inc. (US), GE Healthcare (US), Agilent Technologies, Inc. (US), and Teledyne ISCO (US), among others are dominating the global flash chromatography market.
Europe is expected to hold a significant share in the flash chromatography market due to supportive government healthcare policies and growing demand for flash chromatography in the biopharmaceutical & biotechnology industry, food industry, and forensic pathology across the region. In addition, rising pharmaceutical R&D investments is also expected to boost market growth. For instance, The European Union established the Horizon 2020 funding programme for science R&D and innovation which provided over USD 90 billion in funding from 2014 to 2020.
Asia-Pacific is anticipated to be the fastest-growing regional market during the forecast period, due to increasing investment in healthcare infrastructure, rising number of contract research & manufacturing companies in the region. Moreover, global key players’ initiatives to expand operations in the Asia-Pacific region are also boosting the market growth.
Furthermore, the growth of the flash chromatography market in the rest of the world is driven by rising government initiatives for improving the healthcare sector and the growing number of biopharmaceutical & biotechnology industries in the region. Rising applications of flash chromatography systems for molecular biology studies, lipids separation, and other applications in pharmaceutical companies is also boosting the growth of the market.
Flash Chromatography Market Segmentation
The global flash chromatography market has been segmented into technique type and end user.
Based on technique type, the market has been segmented into reverse phase, ion exchange, size exclusion, and chiral separation. The reverse phase segment held the largest market share in 2020, due to the continued procurement of reverse phase chromatography by pharmaceutical & biotech industries for drug development, protein purification. The expanded use of aqueous solutions for sample preparation by major countries around the world will also serve as important growth drivers for the market.
Based on end user, the market has been segmented into pharmaceutical & biotechnology industries, contract research organization, and others. The pharmaceutical & biotechnology industries segment held the largest share in 2020, due to the constant R&D efforts and production activities carried out by these industries that extensively involve the use of flash chromatography systems.
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Key Players
Some of the key players in the global flash chromatography market are Biotage (Sweden), Thermo Fisher Scientific (US), Shimadzu Corporation (Japan), PerkinElmer, Inc. (US), GE Healthcare (US), Agilent Technologies, Inc. (US), Interchim SA (France), Tosoh Corporation (Japan), Teledyne ISCO (US), Gilson, Inc. (US), Waters Corporation (US), and W R Grace and Company (US) among others.
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