Top five key players accounted for more than 70% revenue share of the global chromatography resin market in 2016
While other players in the global chromatography resin market have contributed around US$ 200 Mn, the top five players in the market such as Bio-Rad Laboratories, Inc., GE Healthcare, Tosoh Corporation, Merck KGaA, and Thermo Fisher Scientific Inc. hold more than 70% of the revenue share with a contribution of more than US$ 500 Mn in the global chromatography resin market in 2016. The remaining players contributed approximately 30% revenue share to the global chromatography resin market in 2016. Currently, more than 60% revenue contribution comes from Tier 1 players, while Tier 2 players contribute more than 10% and Tier 3 players contribute about 25%. The U.S. based GE Healthcare alone has contributed more than 40% revenue share followed by other key players in the global chromatography resin market.
Stringent rules and regulations accompanied by available alternatives to chromatography are hampering revenue growth of the technology segment in the global chromatography market
Stringent rules and regulations laid down by the U.S. Food and Drug Administration and the European Commission for new products such as chromatography columns and resins for diagnostics and analysis purposes may hinder the growth of the technology segment of the global chromatography resin market. Besides, the regulations laid down by the regional authorities for the use of chromatography technologies may also restrain the growth of the overall market during the period of assessment.
Chromatography Resin Market: Cation Exchange Chromatography Projected to be the Second Largest Technology Segment in Terms of Market Share: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027Buy Now
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