Immunoaffinity Chromatography Sector: Growth Drivers and Challenges
Growth Drivers
- Financial and reliability benefits: There are several advantages of using biologics in the immunoaffinity chromatography market, including the healthcare quality and cost savings. In this regard AHRQ study published in 2022 states that IAC-purified biologics significantly reduced patient hospitalization rates by 20%, which is USD 3.7 billion in the U.S. healthcare expenditure in a span of two years. Besides, healthcare facilities are adopting IAC for improved purity, thereby mitigating lab errors by 25%. Hence, this higher efficiency is making immunoaffinity chromatography a priority in value-based care models.
- Enhanced integration of AI: The inclusion of smart technologies such as automation and AI-based functions in the immunoaffinity chromatography market is magnifying the acceptance. It is reported that 16% of new biolabs currently utilize AI-based immunoaffinity chromatography systems that appreciably reduce purification time by 42%. Besides, the leading firms such as Merck are deploying robotic resin packing that saves labor costs by 28%, attracting more firms to leverage AI in immunoaffinity chromatography.
Challenges
- High capital costs for IAC Automation: The immunoaffinity chromatography market faces a considerable hurdle in terms of extensive automation costs due to the adoption of AI. In this regard, as per a NIH report in 2024, the AI-based immunoaffinity chromatography systems cost above USD 2 million, making it challenging for emerging biotech firms to invest in this sector. On the other hand, to address this, Sartorious introduced leasing models that improved adoption rates by 25%.
Immunoaffinity Chromatography Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.2% |
|
Base Year Market Size (2024) |
USD 651.4 million |
|
Forecast Year Market Size (2037) |
USD 1.6 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Immunoaffinity chromatography Market size is set to expand at significant growth rate during the forecast period i.e., between 2025-2037.
The increasing application of immunoaffinity chromatography in the production of vaccines and the development of cancer therapeutics will boost the market growth.
The North America immunoaffinity chromatography market is poised to capture the largest share of 38.9%, rising at a CAGR of 7.7% during the forecast period, 2025-2037.
The major players in the market are Thermo Fisher Scientific, Merck KGaA, Danaher (Cytiva), Bio-Rad Laboratories, Agilent Technologies, GE Healthcare, Sartorius AG, Tosoh Corporation, Repligen Corporation, Kaneka Corporation, Purolite (Ecolab), PerkinElmer, Waters Corporation, Shimadzu Corporation, Pall Corporation (Danaher), Bio-Works, Avantor, Sepragen Corporation, GenScript Biotech, Himedia Laboratories.