Immunoaffinity Chromatography Market

Immunoaffinity Chromatography Market Segmentation by Product (Reagents & Consumables, and Instruments); by Application (Genetic Engineering, Drug Development, Metabolic Research, and Others); and by End-User (Hospitals, Biotechnology & Pharmaceutical Companies, Academic & Research Institutes, and Others) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Report ID: 2967 | Published On: Feb 01, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


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Immunoaffinity Chromatography Market Highlights 2020-2029

The immunoaffinity chromatography market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. This can primarily be attributed to the increasing application of immunoaffinity chromatography in genetic engineering and molecular research. Additionally, immunoaffinity chromatography-based techniques are highly powerful protein purification and isolation techniques, which further makes them suitable for a wide range of applications, including clinical diagnostics to environmental monitoring. Over the past few years, immunoaffinity chromatography has been used extensively for the purification of the protein, which further helps in the detection of various diseases including, liver diseases, infectious diseases, and others.

Immunoaffinity Chromatography Market

The market is segmented by product type into reagents & consumables, and instruments. Reagents & consumables are further sub-segmented into protein extract, buffers, columns, centrifuge tubes, and others, while the instruments are divided into centrifuge, rotator, incubator, and others. The reagents & consumables segment is anticipated to capture a larger share of the market owing to the rising demand for immunoaffinity chromatography in immunotherapy procedures that utilizes antibodies for treatment. Based on application, the market has been divided into genetic engineering, drug development, metabolic research, and others. Over the past couple of years, the application of immunoaffinity chromatography has increased significantly in the development of advanced immunotherapeutic procedures for treating cancer. As immunotherapies are becoming widely accepted for cancer treatment, the demand for immunoaffinity chromatography procedures is expected to surge over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT


Global Immunoaffinity Chromatography Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Presently, the immunoaffinity chromatography market in North America is capturing the larger share on account of the extensive research & development activities for the development of cancer drugs and biologics. Since the prevalence of cancer has increased in the region, there have been high investments in research and development by life sciences companies for the development of better-performing drugs. This is also a key factor contributing to the market’s growth in the region. According to the WHO, more than 2.2 million new cancer cases were recorded in the United States in 2020. Out of the total cancer cases, the prevalence of breast, lung, and prostate cancer was relatively high compared to other cancer forms, accounting for approximately 11.1%, 10%, and 9.2%, respectively. Asia-Pacific is anticipated to be the fastest-growing region on account of the improving economic conditions in countries such as India, China, Malaysia, and others accompanied by growing healthcare expenditure. Besides, the increasing cancer research & development activities in the region are also projected to create a surge in demand for immunoaffinity chromatography. Asia-Pacific region holds an estimated 50% of the world's new cancer cases annually.

Immunoaffinity Chromatography Market

The global immunoaffinity chromatography market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Market Segmentation

Our in-depth analysis of the global immunoaffinity chromatography market includes the following segments:

By Product

  • Reagents & Consumables
    • Protein Extract
    • Buffers
    • Columns
    • Centrifuge Tubes
    • Others
  • Instruments
    • Centrifuge
    • Rotator
    • Incubator
    • Others

By Application

  • Genetic Engineering
  • Drug Development
  • Metabolic Research
  • Others

By End-User

  • Hospitals
  • Biotechnology & Pharmaceutical Companies
  • Academic & Research Institutes
  • Others


Immunoaffinity Chromatography Market
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Growth Drivers

  • Rising Preference of Immunoaffinity Chromatography in Cancer Drug Development
  • Increasing Application in the Production of Vaccines
  • Increasing Advancement in Protein Purification Techniques

Challenges

  • Lack of Skilled Professionals to Perform Immunoaffinity Chromatography
  • High Cost of the System and Consumables


Immunoaffinity Chromatography Market
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Top Featured Companies Dominating the Market

    • Bio-Rad Laboratories, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Thermo Fisher Scientific
    • Merck KGaA
    • Becton, Dickinson & Company
    • Regis Technologies Inc.
    • Phenomenex Inc.
    • WATERS
    • Pall Corporation
    • Agilent Technologies Inc.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the immunoaffinity chromatography market?

Ans: The increasing application of immunoaffinity chromatography in the production of vaccines and the development of cancer therapeutics are some of the key factors driving the market growth.

2) What would be the CAGR of immunoaffinity chromatography market over the forecast period?

Ans: The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the immunoaffinity chromatography market growth?

Ans: High cost of reagents & consumables coupled with lack of skilled professionals are some of the key factors hampering the market growth.

4) Which region will provide more business opportunities for growth of immunoaffinity chromatography market in future?

Ans: The market in the Asia-Pacific region will provide ample growth opportunities, which is primarily attributed to the growing production of pharmaceuticals and rising demand for cancer immunotherapies.

5) Who are the major players dominating the immunoaffinity chromatography market?

Ans: The major players dominating the Immunoaffinity Chromatography Market are Bio-Rad Laboratories Inc., Thermo Fisher Scientific, Merck KGaA, Becton, Dickinson, and Company, Regis Technologies Inc., and WATERS among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the Immunoaffinity Chromatography Market?

Ans: The market is segmented by product, application, end-user, and region.

8) Which segment under the product segment captures the largest market size in the Immunoaffinity Chromatography Market?

Ans: Regarding the product type, the reagent & consumable segment is anticipated to hold the largest market share due to the growing requirement of reagents to perform immunoaffinity chromatography, especially in immunotherapy procedures.

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