Growing Demand for Continuous Bioprocessing is Driving the Global Prepacked Chromatography Columns Market

 
Prepacked Chromatography Columns Market

Prepacked chromatography columns are separetion devices which contain chromatographic medium packed in a column. These columns find wide applications in downstream processing in biopharmaceutical manufacturing. They offer advantages such as plug-and-play functionality, reduced hands-on time, consistent performance and scalability. The growing biopharmaceutical industry has accelerated the demand for continuous bioprocessing which reduces costs and improves productivity. Prepacked columns are ideal for assembling chromatography steps into skid-based systems required for continuous processing. They enable serial chromatography without column packing and ensure reproducibility of runs.


The global Prepacked Chromatography Columns Market is estimated to be valued at US$ 354.36 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Continuous bioprocessing is becoming the preferred approach in biomanufacturing as it has significant advantages over traditional batch processes. It leads to higher product yields, reduced capital and operating costs. Prepacked columns are increasingly being used to develop modular, continuous chromatography setups. Their availability in varied scale and formats has supported their integration into skids and platforms. Major players are focused on introducing novel prepacked columns tailored for continuous bioprocessing workflows. Increasing regulatory approvals for continuous manufacturing is also driving the demand. However, limited reuse of prepacked columns continues to be a challenge.


Porter's Analysis

Threat of new entrants: The threat of new entrants in the prepacked chromatography columns market is moderate. High capital requirements for setting up manufacturing plants pose entry barriers.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of several established players providing prepacked chromatography columns. This provides buyers with options to choose from.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are large players supplying raw materials required for manufacturing prepacked chromatography columns.

Threat of new substitutes: The threat from substitutes is low as there are limited alternative products that can provide the precision and accuracy of prepacked chromatography columns.

Competitive rivalry: The competitive rivalry in the market is high owing to the presence of global and regional players competing on the basis of product quality, innovation, and pricing.

Key Takeaways

The Global Prepacked Chromatography Columns Market Share is expected to witness high growth over the forecast period of 2024 to 2031. The global Prepacked Chromatography Columns Market is estimated to be valued at US$ 354.36 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031.

Regional analysis: North America is expected to dominate the global prepacked chromatography columns market during the forecast period. This is attributed to the presence of major manufacturers and growing R&D expenditure on drug discovery and development in the region. Asia Pacific is anticipated to witness the fastest growth due to increasing genomic research and biopharmaceutical activities.

Key players: Key players operating in the prepacked chromatography columns market are ExxonMobil Corp., Pennzoil, Quaker Chemical Corp., Royal Dutch Shell Co, British Petroleum, Chevron Corp., Total S.A, JX Nippon Oil & Energy Corp., Lukoil, and Philips 66 Company. These players are focusing on new product launches and capacity expansion to strengthen their presence.

For more details on the report, Read- https://www.pressreleasebulletin.com/prepacked-chromatography-columns-market-demand-and-overview/

Get more insights on this topic: https://techaxen.com/understanding-synthetic-aperture-radar-technology/

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