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Global Hydrophobic Interaction Chromatography Market to Grow at a CAGR of 6.94% During 2022-2027, Aided by the Rising Investments in the Pharmaceutical Sector

According to a new report by EMR titled, ‘Global Hydrophobic Interaction Chromatography Market Report and Forecast 2022-2027’, the market attained a value of more than USD 320.3 million in 2021. The market is further expected to grow at a CAGR of 6.94% between 2022 and 2027 to attain a value of over USD 479.10 million by 2027.

The global hydrophobic interaction chromatography industry is being driven by the heightened demand for monoclonal antibodies. This can be attributed to the rampant spread of chronic illnesses like various types of cancer across the world. In addition, the increased government expenditure in the pharmaceutical industry is also expected to support the market growth. An increase in the number of clinical trials and drug development activities can be observed worldwide. The biopharmaceutical companies, government organisations, and research institutes are increasingly focusing on developing effective methods to treat various disorders. During the forecast period, the rapid technological advancements in the medical sector are anticipated to further propel the industry growth.

The growing investments by the leading market players in the research and development of advanced hydrophobic interaction chromatography mechanisms are anticipated to significantly contribute to the market growth in the coming years. For instance, Bio-Rad Laboratories, Inc. (NYSE: BIO), a leading player in the hydrophobic interaction chromatography industry, offers a broad range of hydrophobic interaction chromatography resins such as the Macro-Prep HIC resins, which are used for protein, polypeptide, and nucleic acid purification. In addition, the company also offers NGC Chromatography Systems that offer a range of system configurations, automated and multidimensional chromatography set up, and common software platform for lab operations. Such aspects are expected to positively impact the growth of the hydrophobic interaction chromatography industry in the forecast period.

Market Breakup by Product, Sample Type, End User, and Region:

  • The market is divided, based on product, into resins, columns, and buffers, among others.
  • On the basis of sample type, the market can be distributed into monoclonal antibodies, vaccines, and others. 
  • Based on end user, the market can be segregated into pharmaceutical and biopharmaceutical companies, CROs and CMOs, and research and academic institutes, among others.
  • Region-wise, the global market for hydrophobic interaction chromatography can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for hydrophobic chromatography is being driven by the increasing demand for monoclonal antibodies.
  • The growing geriatric population and rising incidences of chronic illnesses such as cancer have significantly contributed to the market expansion. 
  • The heightened investments by the leading market players in the research and development of effective hydrophobic interaction chromatography solutions are also aiding the industry growth. 
  • The increased expenditure by the governments to support the pharmaceutical sector and clinical trials is further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hydrophobic interaction chromatography for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the products, sample types, end users, and regions of hydrophobic interaction chromatography.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hydrophobic interaction chromatography market are Bio-Rad Laboratories, Inc., GE Healthcare, Sartorius AG, Tosoh Bioscience GmbH, and Sepax Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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