Global Separation Systems for Commercial Biotechnology Market: Snapshot
The global separation systems for commercial biotechnology market has been growing at a healthy pace in the last few years. The rising number of biotech companies and the increasing investments in the research and development activities are projected to encourage the growth of the overall market in the next few years.
According to the market research study that has been recently published by Transparency Market Research, the global market for separation systems for commercial biotechnology is projected to reach a value of US$19,227.8 mn by the end of year 2023. The market is predicted to register a promising growth rate in the next few years.
Rising Research and Development Activities to Encourage Market Growth
In the last few years the chromatography systems have gained immense popularity, thanks to the introduction of new technologies in chromatographic consumables and instruments, which is predicted to encourage the growth of the global separation systems for commercial biotechnology market in the next few years. The rapid development of the flow cytometry has emerged as a leading technology, which is projected to enhance the market growth in the next few years. In addition to this, the growing demand and the advancements in the microarray technology is another major factor that is predicted to accelerate the growth of the market in the near future.
On the flip side, the high cost of technologies and systems and the patent rights over MACS technique are some of the key factors that are predicted to hamper the growth of the global separation systems for commercial biotechnology market in the next few years. Moreover, the lack of innovations in the electrophoresis equipment technology is likely to restrict the market growth in the near future. Nonetheless, the rising awareness among consumers regarding the chromatography has induced the government organizations in Asia Pacific, Europe, and the U.S. to increase their funds, grants, and investments, which is projected to accelerate the growth of the overall market in the next few years.
Rising Research and Development Activities to Encourage Market Growth
The global market for separation systems for commercial biotechnology has been classified on the basis of geography into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Previously, North America held a large share of the market and registered a healthy growth rate. This region is projected to remain in the top position in the next few years. The high growth of this region can be attributed to the presence of several leading players and the growing focus on the research and development activities. Europe is projected to stand on the second position further followed by Asia Pacific. Technological advancements and the growing use of other imaging technologies is projected to encourage the growth of this region in the next few years.
The global market for separation systems for commercial biotechnology is considered as a highly competitive market with a huge number of players operating across the globe. The key players in the market are focusing on the development of new products in order to stay ahead of the rivals and attract a large number of consumers in the next few years. In addition to this, the growing focus of the key players on the research and development activities is projected to support the growth of the market and generate potential development prospects for the market players in the next few years. Some of the key players operating in the separation systems for commercial biotechnology market across the globe are Danaher Corporation, Thermo Fisher Scientific, Inc., Merck KGaA, Waters Corporation, Becton, Dickinson and Company, and GE Healthcare.
Separation systems are used in a wide range of commercial applications in the biotechnology industry. This report on the separation systems for commercial biotechnology market analyses the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. This section also provides the overall information and data analysis of the global separation systems market with respect to the leading market segments based on type of product, technology, and geography.
The global separation systems commercial biotechnology market was valued at US$ 10,665.5 Mn in 2014. The wide area of application of the Separation systems in Biotechnology and Biopharmaceutical Industry will lead the market to rise at a 6.8% CAGR from 2015 to 2023.
Some of the factors that are driving the global separation systems commercial biotechnology market are: Technological advancements, Investment in R&D and increase in number of biotechnology firms.
The market overview section of the report includes qualitative analysis of the overall separation systems commercial biotechnology market including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s Five Forces Analysis. In addition, various analyses such as market attractiveness analysis by geography and competitive landscape by key players have also been provided. The market attractiveness analysis explains the intensity of competition in the market in different geographies. The competitive scenario between different market players is evaluated through market share analysis. These factors would help the market players to take strategic decisions in order to strengthen their positions and increase their shares in the global market.
The global separation systems commercial biotechnology market has been segmented based on product type, end-user, and geography. Based on product type, the separation systems market has been categorized into two major segments: liquid chromatography, membrane filters, electrophoresis instruments, flow cytometer instruments, centrifugation systems, DNA microarray instruments, protein microarray instruments, MACS & FACS systems, others (biochips, lab-on-a-chip, etc.). Based on application, the separation systems market has been segmented into five applications: life sciences research and diagnostics, pharmaceuticals, food & cosmetics, energy, and agriculture. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 is provided for all the segments, considering 2014 as the base year.
Geographically, the separation systems market commercial biotechnology has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). North America comprises the U.S. and Canada. Europe includes Germany, the U.K., and Rest of Europe. Asia Pacific comprises China, Japan, and Rest of Asia Pacific. Rest of the World comprises of Latin America, Middle East & Africa. The recommendations section included in the report would assist existing players to increase their market shares and new companies to establish their presence in the separation systems market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Danaher Corporation, Thermo Fisher Scientific, Inc., Waters Corporation, Becton, Dickinson and Company, GE Healthcare and Merck KGaA.
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