This report aims to provide detailed insights
into the global hydrophobic interaction chromatography market. It provides
valuable information on the type, procedure, application, and region in the
market. Furthermore, the information for these segments, by region, is also
presented in this report. Leading players in the market are profiled to study
their product offerings and understand the strategies undertaken by them to be
competitive in this market.
Key Factors Driving Market Growth:
In the current market
scenario, there is a growing demand for hydrophobic
interaction chromatography. The major factors driving the growth of this market are the
increasing demand for monoclonal antibodies and increasing R&D expenditure
in biopharmaceuticals.
Expected Revenue Growth:
The global hydrophobic interaction chromatography market is projected to reach USD 418.2 million in
2023 from USD 271.0 million in 2017, at a CAGR of 7.5%.
Browse 83 market data Tables and 27 Figures
spread through 112 Pages and in-depth TOC on "Hydrophobic
Interaction Chromatography Market"
Monoclonal Antibodies to Drive the Market Growth:
In the past decade, there has been
a significant increase in the demand for mAbs not only in oncology but several
other therapeutic areas such as Alzheimer’s, autoimmune diseases, and
inflammatory disorders. These therapeutic areas have also gained prominence in
recent years, as a result of which, almost all major pharmaceutical companies
have undertaken R&D on therapeutic antibodies. In the purification of mAbs,
impurities and aggregates are removed through different chromatography resins,
including hydrophobic interaction chromatography resins. In drug discovery
applications, hydrophobic interaction chromatography plays an important role in
capturing and polishing target proteins during the purification process.
Hydrophobic interaction chromatography is widely used for mAbs purification.
Therefore, the increase in the number of mAbs approvals will eventually drive
the demand for hydrophobic interaction chromatography resins.
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Regional Growth – North America to Dominate the Industry:
North America is expected to
account for the largest share of the global hydrophobic interaction chromatography
market. The availability of government and public funding for protein-based
research projects, increased adoption of automated purification instruments,
high demand for protein biologics, and increasing R&D efforts by
pharmaceutical and biotechnology companies are some of the major factors
driving the growth of the HIC market in North America.
In this report, the market has been categorized based on product & service,
sample type, end user, and region. The HIC products market includes resins,
columns, buffers, and other HIC products. In 2018, HIC resins are expected to
dominate the products market. This segment is also estimated to grow at the
highest CAGR during the forecast period owing to the increasing demand for HIC
resins for the purification of hydrophobic protein molecules.
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Key Players Analysis:
The key players in the global hydrophobic interaction chromatography market
include GE Healthcare (US), Bio-Rad Laboratories (US), Sartorius (Germany),
Thermo Fisher Scientific (US), and Tosoh Corporation (Japan). These players
focus on both organic and inorganic growth strategies, such as product
launches, collaborations, and acquisition to maintain and enhance their market
share in the hydrophobic interaction chromatography industry.
Hydrophobic interaction chromatography industry is consolidated in nature with
a major share attributed by top companies in this market such as GE Healthcare,
Tosoh Corporation, Merck, and Bio-Rad. Rankings for this market have been
derived on the basis of several aspects such as segmental revenue, market
strategies, brand image, product portfolios, product innovation, and geographic
presence.