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Chiral Chromatography Market is Expected to Continue Flourishing in Developed and Developing Regions of World, 2020 - PMR Study

Press Release   •   Feb 06, 2017 02:48 EST

In terms of geographic, North America dominates the global chiral chromatography market. The U.S. represents the largest market for chiral chromatography followed by Canada in North America. However, Asia is expected to show high growth rates in the next five years in global chiral chromatography market due to increasing number of clinical research institutes, pharmaceutical and biotechnology companies. In addition, less stringent regulations also supports in the growth of chiral chromatography market in Asia. This has led to increase research activities in the region. China, India and Korea are expected to be the fastest growing chiral chromatography markets in Asia.

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In recent time, increasing number of biotechnology and pharmaceutical companies and medical research institutes is key driver for global chiral chromatography market. The research activities in the field of medicines and genomics require chromatography techniques for the isolation of molecules. In pharmaceutical and biotechnology companies, chiral chromatography techniques play an important role in drug development and life science related research activities. In addition, increased government spending on clinical research activities and advanced features of chiral chromatography techniques also boosts the growth of the global chiral chromatography market. However, high cost of the chromatography equipments and lack of skilled professionals to operate the expensive chromatography equipments are some of the major restraining factors for global chiral chromatography market. Increasing merger and acquisitions between chromatography technologies providers and government research agencies is key trend for the global chiral chromatography market.

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Some of the major companies operating in the global chiral chromatography market are Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Inc., Shimadzu Corporation, Phenomenex, Inc. and Sigma-Aldrich Corporation.

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