Global Biotechnology Separation Systems Market Is Driven By Increasing Demand For The Separation Systems In Research And Development Activities
Biotechnology separation systems are used for separation of various components of a food, drug, or biotechnology product. It helps to maintain high yield and obtain pure product by removing impurities which minimize the cost of the product. Separation process plays an important role in various industries such as chemicals, petrochemicals, food processing, pharmaceutical, and others. The worldwide market for biotechnology separation systems is expected to register moderate CAGR of around 6.9% over the next ten years and was valued to be US$ 14,605.1 Mn in 2018.
Rapid industrialization, coupled with increasing demand for biotechnology separation systems in food processing and pharmaceutical industries, increasing initiatives and funding for research purpose are factors proliferating the demand for biotechnology separation systems. Additionally, rising demand for liquid chromatography in various industries such as bioengineering, chemicals, petrochemicals, and others owing to test products for quality and purify chemicals has a positive impact on the global biotechnology separation systems market. The high cost of technologies and systems and lack of technological advancement in electrophoresis equipment are factors challenging the growth of the global market.
USD 14,605.1 Million in 2018, Biotechnology Separation Systems Market Poised to Reach CAGR 6.9% by 2028
Increasing research and development activities in biotechnology, technological advancements for new and innovative equipment, and lab automation are factors which in turn offer lucrative revenue opportunities for manufacturers operating in the global biotechnology separation systems market. An ongoing trend observed is research in medicines, sustainable technology, and others across the globe which has a positive impact on the global biotechnology separation systems market.
Biotechnology separation systems are segmented by types such as membrane filtration, liquid chromatography, centrifuge, electrophoresis, and flow cytometry. Rising demand for chromatography in industries owing to purify chemicals, separate chiral compounds, test trace amounts of substances, and test products for quality. Biotechnology separation systems is segmented on the basis of application such as commercial and scientific research. Increasing research and development activities for advancing the field of biotechnology has a positive impact on the global biotechnology separation systems market.
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The market is segmented on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Increasing R&D activities in biotechnology and developments in biosimilar and drug pipeline in countries such as the US is a factor augmenting demand for biotechnology separation systems in the North America region. In addition, the presence of biotechnology separation systems manufacturers in countries in the region is a factor proliferating the growth of the global biotechnology separation systems market. Growing demand for biotechnology separation systems in the pharmaceutical, research centres, and others has a positive impact on the global biotechnology separation systems market in Europe. Rising demand for biotechnology separation systems owing to technological advancements and increasing research activities in biotech and life sciences in countries such as India, China, Japan, and others is a factor augmenting demand for biotechnology separation systems in the Asia Pacific region.
Some of the prominent players operating in the global biotechnology separation systems market include Danaher, Thermo Fisher Scientific, BD, Merck, GE Healthcare, Agilent, Sysmex, Alfa Wassermann, Shimadzu, Sartorius Stedim Biotech, Illumina, Waters, Novasep, 3M Purification, Affymetrix, Bio-Rad Laboratories, Alfa Laval, PerkinElmer, Repligen and Hitachi Koki.