The new report by Expert Market Research titled, ‘Global Hydrophobic Interaction Chromatography Market Report and Forecast 2023-2031’, gives an in-depth analysis of the global hydrophobic interaction chromatography market, assessing the market based on its segments like products, sample types, end users, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031)
- Historical Market Size (2022): USD 342.5 Million
- Forecast CAGR (2023-2031): 6.9%
- Forecast Market Size (2031): USD 626.6 Million
The hydrophobic interaction chromatography market is being driven by the growing geriatric population, which is spearheading the demand for improved medical facilities, as the elderly are more susceptible to contracting chronic illnesses and ailments. Increasing investments by the governments in the development of the medical infrastructure of the country to meet the clinical demands of the steadily increasing population is driving the market growth. In addition, the increasing investments in the healthcare sector are also aiding the market growth. Consumer awareness of the benefits of chromatography technology is increasing, resulting in more profitable market potential. These factors are expected to drive the market growth in the forecast period.
Hydrophobic Interaction Chromatography Market Definition and Major Segments
Hydrophobic interaction chromatography is the process of segregating molecules based on their innate hydrophobicity. It is a useful process of purifying proteins, while ensuring the biological activity through the usage of matrices that function under less denaturing conditions. A high salt concentration improves the interaction, while low concentration weakens it.
The hydrophobic interaction chromatography market, on the basis of product, can be segmented into:
Based on sample type, the industry can be segregated into:
- Monoclonal Antibodies
On the basis of end user, the market can be distributed into:
- Pharmaceutical and Biopharmaceutical Companies
- CROs and CMOs
- Research and Academic Institutes
The regional markets for hydrophobic interaction chromatography include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Hydrophobic Interaction Chromatography Market Trends
The global hydrophobic interaction chromatography industry is being driven by the increased demand for monoclonal antibodies, which is increasing in demand for the treatment of chronic illnesses such as cancer, one of the leading causes of death globally. Rapid technological advancements are predicted to augment the market growth. Furthermore, the rising investments by the leading market players in the research and development of hydrophobic interaction chromatography application, surging levels of expenditure for the growth of the biopharmaceuticals industry, rising number of contract research organisations and contract manufacturing organisations along with patent expiry are estimated to augment the market growth in the forecast period.
Key Market Players
The major players in the market are Bio-Rad Laboratories, Inc., GE Healthcare, Sartorius AG, Tosoh Bioscience GmbH, and Sepax Technologies, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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