The global Membrane Chromatography Market is expected to grow significantly from USD 291.33 million in 2022 to USD 1,196.9 million in 2032, with a compound annual growth rate (CAGR) of 17%.
The increasing use of membrane chromatography systems in the biopharmaceutical industry, rising prevalence of chronic diseases such as cancer and autoimmune diseases, and investment in research and development (R&D) to create new and innovative products are some of the major factors driving the growth of the market.
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Moreover, the need for membrane chromatography systems is increasing due to the creation of novel goods such as disposable membrane chromatography systems that save operational expenses by reducing the need for labor-intensive cleaning and sterilization procedures.
However, the restricted use of membrane chromatography in large-scale production operations and the expensive nature of the equipment are factors that could limit market revenue growth. Additionally, the limited availability of membrane chromatography products is also a factor that could hinder market growth.
The Asia Pacific region is expected to be the fastest-growing regional market for membrane chromatography, driven by increasing healthcare expenditure, rising government investments in the healthcare sector, and an increasing number of drug approvals by regulatory authorities. The European region is expected to be the second-largest regional market, with the adoption of advanced technologies and increasing R&D investments in biopharmaceuticals and pharmaceuticals being major drivers.
The membrane chromatography market has been divided into three product categories: capsules & cartridges, cassettes, and modules. Capsules and cartridges accounted for the largest revenue share in 2021, while cassettes are anticipated to expand significantly over the projection period, owing to their high binding capacity and the capacity to handle huge sample volumes. Modules are anticipated to expand steadily due to their considerable versatility, which allows them to handle a variety of tasks.
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In terms of end-use, the pharmaceuticals and life sciences segment dominated the worldwide membrane chromatography market in 2021. The biopharmaceutical and life sciences segment is expected to continue to dominate over the forecast period due to the rising need for biopharmaceuticals and the increasing demand for effective purification processes.
The food and beverage sector and the water and environmental testing segment are also expected to contribute to the growth of the market, with the former preferring membrane chromatography techniques due to their ability to produce highly pure products without the use of corrosive chemicals or solvents, and the latter using membrane chromatography to remove toxins and impurities in water treatment.
Overall, the development of new and innovative products such as mixed-mode chromatography and high-performance anion exchange chromatography, as well as increasing R&D priorities and advancements in membrane technology, are expected to drive the membrane chromatography market growth in the coming years.
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