Global Membrane Chromatography Market: Key Highlights
Global Membrane Chromatography Market: Key Market Dynamics
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Global Membrane Chromatography Market: Regional Overview
North America is anticipated to dominate the global membrane chromatography market owing to well-structured and developed healthcare system in countries such as the U.S., Mexico, and Canada. These countries promote pharmaceutical research & development and have high expenditure on healthcare. According to National Health Expenditure Accounts (NHEA), the U.S. spent USD 3.6 trillion on healthcare, and its GDP share for healthcare accounted for 17.7% in 2018. Moreover, increasing healthcare spending has expected coupled with rising research & development expenditure has surged the growth in the region.
Asia-Pacific is anticipated to witness significant growth in membrane chromatography market during the forecasted period. This can be attributed to increasing government support, growing pharmaceutical industries, significant investment by key market players, and developing research & development infrastructure. Over 79 of the world’s largest pharmaceuticals have operation in the region. According to United Nations Conference on Trade and Development, in Asia Pacific the Foreign Direct Investment (FDI) in healthcare sector was USD 11.5 billion in 2018.
Global Membrane Chromatography Market: Key Players Overview
Sartorius AG is a German-based company, engaged in providing solution to biopharmaceutical industry and laboratories, from drug discovery & development to manufacturing. The company has strong geographical presence and sales network with 60 sites in more than 30 countries, 22 production facilities, and sales subsidiaries & agencies in more than 110 countries across the globe. Sartorius AG operates through Bioprocess Solutions and Lab Products & Services business segments. In April 2020, the company acquired selected life science businesses of Danaher Corporation(U.S). This will help Sartorius AG to broaden portfolio for the development & production of biotech medicines.
Thermo Fisher Scientific is a US-based company engaged in providing scientific instrumentation, reagents and consumables, and software and services to healthcare, life science, and other laboratories in academia, government, and industry. Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, and Patheonare brands of the company. In November 2019, Thermo Fisher Scientific USD 24 million in its Scotland, site to expand global bioproduction capabilities with additional large-volume liquid manufacturing capacity for cell culture media. This expansion is expected to be completed by June 2021.
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