The process and preparative chromatography market size is expected to reach USD 8.60 billion by 2023 from the estimated USD 6.27 billion in 2018, at a CAGR of 6.5%.

The major factors driving the growth of this market are increasing R&D investment in biotechnology and pharmaceutical industries; rising demand for omega-3 fatty acids; and increasing number of conferences on chromatography.

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On the basis of type, the process and preparative chromatography market is categorized into process chromatography and preparative chromatography. Again, process chromatography and preparative chromatography is further sub-segmented into chemicals and reagents, resins, column, systems, and services. The process chromatography segment is expected to register a higher growth rate during the forecast period. The high growth rate of this segment can be attributed to the increasing research and production of monoclonal antibodies and vaccines in the biotechnology and pharmaceutical industries.

On the basis of end user, the process and preparative chromatography market has been segmented into biotechnology & pharmaceutical industries; food and nutraceutical industries; and academic institutes. The market in the biotechnology & pharmaceutical industries segment is estimated to register the highest CAGR during the forecast period. The large share of this segment is primarily attributed to increasing R&D activities.

Geographically, the process and preparative chromatography market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to register the highest CAGR during the forecast period. Increasing government funding and increasing production of active pharmaceutical ingredients (APIs) are the driving factors of the market in this region.