C&M: Global industry for chromatography systems to be driven by advancement in technology
Global Chromatography Systems Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:23:01
The Global Chromatography Systems market is to grow at a CAGR of 5.66 percent over the period 2013-2018. One of the key factors contributing to this market growth is the advancement in technology. The Global Chromatography Systems market has also been witnessing the increasing outsourcing of pharmaceutical production to the APAC region. However, the high cost could pose a challenge to the growth of this market.
Many global pharmaceutical companies are facing several challenges such as patent expirations and pricing pressures. As a result, these companies are on the lookout for cost- containment measures. For instance, drug manufacturing in APAC countries is less expensive than it is in Western countries. The outsourcing activities include all the stages of the manufacturing process, including the purification of biopharmaceutical and other biochemical entities undertaken by CROs and CMOs. As a result, the APAC region is emerging as the fastest growing region, and many multinational companies and local companies have set up their operations in this region to provide automated chromatographic systems to the CROs and CMOs. Hence, the continuous outsourcing of pharmaceutical production to the APAC region is expected to drive the growth of Global Chromatography Systems market.
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