The global hydrophobic interaction chromatography market is projected to reach USD 418.2 million in 2023 from USD 271.0 million in 2017, at a CAGR of 7.5%. The base year considered for the study is 2017, and the forecast for the market size is provided for the period between 2018 and 2023. In the current market scenario, there is a growing demand for hydrophobic interaction chromatography. The major factors driving the growth of this market are the increasing demand for monoclonal antibodies and increasing R&D expenditure in biopharmaceuticals. Market Dynamics Drivers Increasing demand for monoclonal antibodies Increasing R&D expenditure in biopharmaceuticals Opportunities Increasing number of CMOs and CROs Patent Expiry Challenges Lack of skilled professionals and highly qualified researchers Monoclonal antibodies likely to drive the market In the past decade, there has been a significant increase in the demand for mAbs not only in oncology ...
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