High Throughput Process Development Market to Reflect Impressive Growth Rate
Growth in the global market is mainly driven by the increasing R&D spending, technological advancements in process development, growth in the biopharmaceutical industry, and growing pressure to lower the cost of manufacturing. However, factors such as the high cost of technology and equipment in this market and lack of adequate infrastructural facilities are restraining the growth of this market to a certain extent. The global high throughput process development market is expected to reach USD 415.5 Million in 2021 from USD 162.9 Million in 2015 , at a CAGR of 14.4% during the forecast period. Based on technology, the market is categorized into chromatography, ultraviolet-visible spectroscopy, and others (ELISA, chip electrophoresis, SPR, and qPCR). The chromatography segment accounted for the largest share of the global market in 2016. The chromatography segment is further divided into ion exchange chromatography (IEC), affinity chromatography (A...