High-performance Liquid Chromatography Market Size to Reach USD 6.39 Billion in 2028 Growing at a CAGR of 4.5%, according to Emergen Research
Emergen Research has published its latest report titled “High-performance Liquid Chromatography (HPLC) Market By Product (Instruments, Accessories, Consumables), By Application (Clinical Research, Forensic, Diagnostics, Other), By End-Use (Pharma and Bio-pharmaceutical Companies, Contract Research Organizations, Academic Institutions and Others), and By Region Forecast to 2028”
According to Emergen Research, the global high-performance liquid chromatography (HPLC) market size was USD 4.46 Billion in 2020 and is expected to reach USD 6.39 Billion in 2028 and register a revenue CAGR of 4.5% during the forecast period, 2021-2028.
High-pressure liquid chromatography or high-performance liquid chromatography (HPLC) is a chromatographic technology that is used to separate a mixture of substances in order to identify, measure, or purify the components of the mixture. HPLC technique is widely used in analytical chemistry and biochemistry sector for analysis as it requires a minimal sample size, testing can be adjusted depending on the amount of quantification required, and the results are accurate, which drive global HOLC market revenue growth over the forecast period.
Rising need for preclinical and clinical trials for effective drug development process, major prevalence of acute and chronic diseases, and increasing application areas of HPLC fuel market revenue growth. HPLC machines help forensic experts to examine volatile compounds such as fibres, gunpowder residue, and toxins. This technology is also used in determining drugs in biological matrices, analysis of pollutants in environmental analytics, Ion-exchange chromatography of proteins, isolation of valuable products and pre-concentration of trace components. However, high cost of high-pressure liquid chromatography, lack of skilled professionals in understanding the complexity of the technology and unfavorable government regulations are factors that can restrain market growth to a certain extent.
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COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Clinical Research Segment Revenue to Expand at a Rapid CAGR:
Clinical research segment is expected to register a rapid revenue CAGR over the forecast period attributed to growing focus on pharmaceutical and biotechnological research activities and rising requirement of clinical trials. Clinical research plays an key role in determining the effectiveness of medications, evaluate new evidence and helps to develop the tools and techniques to provide the best patient care.
Pharma and Bio-pharmaceutical Companies Segment to Register Significant Revenue Growth:
Pharma and bio-pharmaceutical companies segment is expected to register significant revenue growth over the forecast period due to increasing prevalence of chronic disorders, growing need for new and effective therapeutics, rising number of preclinical activities for drug development and increasing private and government investments on availability of advanced technologies in biopharmaceutical companies.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing government focus on drug discovery, technological advancements in healthcare sector, and rising number of generics and biosimilars. Further, rising number of preclinical activities in biopharma and biotech companies and constant funding of R&D are other factors expected to contribute to market growth in the region.
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Major Companies in the Market Include:
- Waters Corporations
- Agilent Technologies, Inc.
- Shimadzu Corporation
- Thermo Fisher
- GE Healthcare
- Bio-Rad Laboratories, Inc.
- Merck Millipore
- Showa Denko k.k.
For the purpose of this report, Emergen Research has segmented the global high-performance liquid chromatography market based on product, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Clinical Research
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Pharma and Bio-pharmaceutical Companies
- Contract Research Organizations
- Academic Institutions
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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