Separation Systems of Commercial Biotechnology Market: Efficiency Empowers High Adoption Rate Across Regions, Says TMR
The leading players in the global separation systems for commercial biotechnology market are Dickinson and Company, Danaher Corporation, Waters Corporation, Thermo Fisher Scientific, Inc., and Becton. The cumulative share of these companies stood at 47.2% in 2014. The competitive landscape of the market is being defined by players persistently striving to achieve a wider geographical reach in the global market along with expanding their product portfolio through mergers and acquisitions. Transparency Market Research observes that increasing investments in research and development activities are likely to open up new avenues for growth for the new entrants.
Increasing Grants for Research and Development Strengthens Market in North America
The research report states that the opportunity in the global separation systems for commercial biotechnology will be worth US$19.2 bn by the end of 2023 from US$10.6 bn in 2014. Between the forecast years of 2015 and 2023, the global market is estimated to surge at a CAGR of 6.8%. Studies also anticipate that North America is likely to be the leading regional segment in the global market as it has been receiving a magnanimous funding for research from several governments. Analysts predict that North America will acquire a share of 40.7% by the end of 2023 in the overall market. Out of the various types of products, the liquid chromatography systems are projected to assume the lead as the segment expands at CAGR of 5.7% from 2015 to 2023.
High Degree of Automation Spurs Growth
Integration of technological advancements in liquid chromatography systems, rising efficiency of microarray technology, and automation in laboratories has led to the prodigious rise of the global separation systems for commercial biotechnology market. For instance, liquid chromatography solutions enable quick separation of molecules, a feature that has encouraged its uptake in the commercial biotechnology market. The high degree of automation in laboratories has allowed scientists to minimize costs, which has had a positive impact on the growth of the global market in recent years.
Rising frequency of conferences held across the globe, where leading players exhibit their recent developments has also become a key driver in the growth of the overall market. The awareness amongst the various governments across the globe such as Europe, Asia Pacific, and the U.S. about chromatography has also led a rise increased utilization of these systems in the past decade. Analysts predict that Asia Pacific will prove to be an emerging market for the separation systems for commercial biotechnology market in the coming years.
Expensive Nature of Separation Systems become its Only Drawback
The expensive nature of chromatography systems pertaining to their development and usage has resulted in a shift towards cheaper alternatives amongst end users. The need to make high capital investments for state-of-art laboratories that operate with modern microarray technologies for efficient deployment of these systems is also anticipated to restrain the growth of this market in the near future. Furthermore, the expensive nature of integrating automated solutions in these technologies is also anticipated to have a negative impact on the global market.
This review is based on Transparency Market Research’s report, titled “Separation Systems for Commercial Biotechnology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”
The global separation systems for commercial biotechnology market has been segmented as follows:
Global Separation Systems for Commercial Biotechnology Market, by Product Type
- Centrifugation Systems
- Liquid Chromatography
- Electrophoresis Units
- Membrane Filters
- Flow Cytometry
- DNA Microarray
- Protein Microarray
- MACS & FACS Systems
- Others (biochips, lab-on-a-chip, etc.)
Global Separation Systems for Commercial Biotechnology Market, by End User
- Life Sciences Research
- Food & Cosmetics
Global Separation Systems for Commercial Biotechnology Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World (RoW)
- Latin America
- Middle East & Africa
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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