Hydrophobic Interaction Chromatography Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Hydrophobic Interaction Chromatography Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global hydrophobic interaction chromatography market is expected to witness a CAGR of 7.6% over the forecast period. The growth is attributed to increasing demand for monoclonal antibodies in the treatment of many fatal diseases coupled with growing R&D investments in the biopharmaceutical industry. Moreover, the increasing number of cancer cases and a wide range of applications of hydrophobic interaction chromatography in monoclonal antibodies is expected to boost the market growth over the forecast period. In addition, an increasing number of contract research organization and contract manufacturing organization around the world is projected to bolster the usage of hydrophobic interaction chromatography. However, lack of skilled professionals coupled with stringent regulations expected to hamper the market growth over the forecast period.

Key Market TrendsMonoclonal Antibodies Sample Segment are expected to Grow at Significant Rate

Monoclonal antibodies are identical antibodies that are produced artificially through genetic engineering from parent cells. The monoclonal antibodies are used extensively in cancer treatment, bone marrow transplantation and many other therapeutic applications. Hydrophobic interaction chromatography is widely used in purification of monoclonal antibodies. The factors such as increasing R&D in developing monoclonal antibodies for various applications in various diseases, especially in cancer coupled with advancements in technologies are fuelling the segment growth over the forecast period. In addition, recent product launches and approval of many monoclonal antibodies by government authorities are fuelling the usage of hydrophobic interaction chromatography. Moreover, increasing spending by the pharma and biopharmaceutical companies on the purification of proteins for better clinical outcomes is expected to boost the market growth.

The growing number of cancer cases further increasing the demand for the novel antibodies and fuelling the usage of hydrophobic interaction chromatography.

North America is Expected to have Significant Market Share

North America is projected to have significant market share owing to the factors such as increasing R&D investment and growing healthcare spending in the region. Furthermore, an increasing number of cancer cases coupled with the presence of key market players with focus on product innovations is expected to boost the market growth. According to the National Institutes of Health, an estimated 1,735,350 new cancer cases are diagnosed in 2018. Furthermore, cancer deaths are fell 26% in 2015 compared to 1991. Asia Pacific region is expected to have significant market growth owing to the presence of a large number of contract research organizations, companies’ interest in expanding into the emerging Asian countries to fill the market gap.

Competitive Landscape

Global hydrophobic interaction chromatography market is moderately fragmented and competitive. Market players are focusing on product innovations, new product launches and regional expansions to increase their market share. The key market players operating in hydrophobic interaction chromatography market include Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, General Electric, Sartorius AG and Tosoh Bioscience GmbH among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Bio
Rad Laboratories, Inc.
General Electric
Sartorius AG
Tosoh Bioscience GmbH
Waters Corporation
KNAUER
Sepax Technologies, Inc.
Merck KGaA.
JNC Corporation
Geno Technology Inc., USA.

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