In a recent published report, Kenneth Research has updated the market report for High Throughput Process Development Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for High Throughput Process Development Market products.
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The global High Throughput Process DevelopmentMarketwas valued at USD 162.78 million in 2016 and is projected to reach USD 623.88million by 2025, growing at a CAGR of 14.38% from 2017 to 2025.
HTPD involves chromatography techniques which help in better and accurate result prediction and analysis. With increasing availability of funds and investment by Govt. and Private sector both, the R&D sector is expected to boost the market for the technique in the coming years.
1. Market Drivers
1.1 Rising R&D Spending
1.2 Technological Advancements in Process Development
1.3 Growth in the Biopharmaceutical Industry
1.4 Growing Pressure to Lower the Cost of Manufacturing
2. Market Restraints
2.1 High Cost of Advanced Technologies and Lack of Adequate Infrastructural Facilities
1. Global High Throughput Process DevelopmentMarket, by Product and services:
1.3.1 Automated Integrated Workstation
1.3.2 Automated Miniature Bioreactor System
1.4.1 Miniature Prepacked Columns
1.4.2 Microtiter Plates
1.4.3 Miniaturized Disposable Bioreactor
1.4.4 Micropipettes and Pipette Tips
1.4.5 Other Consumables
2. Global High Throughput Process Development Market, by Molecule Type:
2.1 Monoclonal Antibodies
2.2 Other Molecules
3. Global High Throughput Process DevelopmentMarket, by Technology:
3.1.1 Affinity Chromatography
3.1.2 Ion-Exchange Chromatography
3.1.3 Multimodal Chromatography
3.1.4 Other Chromatography
3.2 Ultraviolet-Visible Spectroscopy
3.3 Other Technologies
4. Global High Throughput Process Development Market, by End User:
4.2 Contract Research Organization
4.3 Academic Research Institutes
5. Global High Throughput Process Development Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Danaher Corporation
2. GE Healthcare
3. Thermo Fisher Scientific Inc.
4. Merck Millipore
5. Agilent Technologies
6. Bio-Rad Laboratories
9. Sartorius Stedim Biotech
10. Tecan Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the High Throughput Process DevelopmentMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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