By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Chromatography Columns market accounted for USD 5.72 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. Due to North America's experience in R&D across all industries, the region controlled the industry, and the market for chromatography columns will provide sizable profits. It is projected that developed nations like the USA and Canada, engaged in considerable pharmaceutical R&D, will dominate the market for chromatography columns.
Additionally, there are several significant biopharmaceutical and biotechnological firms in the area, and there is an increase in R&D activity in the field of life sciences. Additionally, the market is anticipated to reach a new milestone because of the increased emphasis on technological advancement in healthcare and medical sciences.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CHROMATOGRAPHY COLUMNS MARKET SHARE BY REGION 2022 (%)
Source: Secondary and Primary Research, Market Research Future Database and Analyst Review
Europe's chromatography column market was anticipated to have a sizable market share. Additionally, Europe is home to several significant businesses in the area, including KNAUER WissenschaftlicheGeräte GmbH, Biotage (Sweden), and Merck KGaA (Germany) (Germany). Introducing new goods by these major companies also contributes to the market's expansion. For instance, new liquid chromatography columns and media for protein purification were introduced by KNAUER WissenschaftlicheGeräte GmbH (Germany) in March 2019. These products may be used for various chromatography methods, including affinity, size exclusion, and IEX chromatography.
Moreover, the UK Chromatography Columns market held the largest market share, and the Germany Chromatography Columns market was the fastest-growing market in the region.
Asia Pacific chromatography column market was anticipated to have a significant market share In this area, countries like Japan have established healthcare infrastructure and housing important corporate headquarters like Daicel Corporation (Japan) and Shimadzu Corporation (Japan). In contrast, the healthcare R&D sector is quickly increasing in nations like India. China has been spending the most on R&D until 2020 when it climbed by 10.3% to USD 378 billion. The Asia-Pacific area can expand at the greatest CAGR throughout the predicted period because of these factors.
The chromatography columns market in the area is expanding as a result of increased R&D expenditures, expanding illness burden, and bettering healthcare infrastructure. Further, the China Chromatography Columns market held the largest market share, and the India Chromatography Columns market was the fastest-growing market in the region.