Global Boronate Affinity Chromatography Market 2016-2020
About Affinity Chromatography
Affinity chromatography is a separation method that utilizes the specific binding interaction between an immobilized ligand and its binding partner for separation and purification. Boronate affinity chromatography is based on the boronate functional group and used for the selective separation and molecular recognition of cis-diol-containing compounds in industries like healthcare, pharmaceutical, and biotechnology.
Technavio’s analysts forecast the global boronate affinity chromatography market to grow at a CAGR of 5.36% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global boronate affinity chromatography market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of instruments, reagents, and other consumables at market prices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Boronate Affinity Chromatography Market 2016-2020
Technavio recognizes the following companies as the key players in the global boronate affinity chromatography market: AMS Biotechnology, Bio-Rad Laboratories, Merck, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Becton, Dickinson and Company, Helena Laboratories, Pall Corporation, Phenomenex, Regis Technologiesc, Shimadzu, Trinity Biotech, Tosoh, VWR International, Waters, and W.R Grace.
Commenting on the report, an analyst from Technavio’s team said: “Growing demand from emerging nations will be a key trend for market growth. The rapid expansion of several R&D facilities can be witnessed in many developing economies such as China, India, South Africa, and Brazil. These countries are experiencing high growth rates, which creates huge growth potential for the laboratory equipment market. Rapidly growing process industries such as the chemical industry will drive the demand for these products during the forecast period. Investments from private investors will also have a positive impact on the growth of the market. The increasing migration of R&D facilities from Western countries to developing APAC nations due to lower capital and labor costs will lead to a higher demand for boronate affinity chromatography products and other similar laboratory equipment over the forecast period.”
According to the report, growth in the life sciences sector over the forecast period will act as a major driver for the boronate affinity chromatography market. The growth is primarily fueled by factors such as aging population, increase in chronic diseases, population growth, growing life expectancy, and higher disposable income. This sector as a whole generated over $1.8 trillion in revenues in 2014, higher than the 2013 figures by 6.96%.
Further, the report states that the nature of the product, coupled with the niche end-user market, makes it difficult for vendors to market these products, which will be a challenge for the market. Unlike other analysis equipment, brand and product visibility have a limited role in the sale of these devices. More focus is being placed on improving the distribution network and increasing the availability of the products to the end-users. Advertising and marketing of these products have been restricted to search engines and some online media due to the low return on investment and limited visibility of other media. This category of products leverages the functionality, accuracy, and after sales services to push products, whereas marketing communication takes a back seat.
AMS Biotechnology, Bio-Rad Laboratories, Merck, Thermo Fisher Scientific, Becton, Dickinson and Company, Helena Laboratories, Pall Corporation, Phenomenex, Regis Technologiesc, Shimadzu, Trinity Biotech, Tosoh, VWR International, Waters, and W.R Grace.
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