Fact.MR – A Market Research and Competitive Intelligence Provider: As per Fact.MR, the global high performance liquid chromatography market is estimated to grow at a healthy CAGR of 5.4% during the forecast period from 2020 to 2026.
Sales of High Performance Liquid Chromatography to Rise at 5.4% CAGR Steered by Surging Application in Pharmaceutical Industry
Fact.MR’s survey provides in-depth analysis on diverse features enabling growth in the high performance liquid chromatography market. It also provides qualitative and quantitative insights into remunerative pockets on the basis on product type and end user for next half decade 2020-2026
Fact.MR – A Market Research and Competitive Intelligence Provider: As per Fact.MR, the global high performance liquid chromatography market is estimated to grow at a healthy CAGR of 5.4% during the forecast period from 2020 to 2026.
High performance liquid chromatography (HPLC) is gaining immense traction across forensic science, clinical diagnosis, and research owing to its greater sensitivity, better accuracy, and higher penetration rate as compared to conventional chromatographic techniques.
In addition to this, surging application of high performance liquid chromatography in the food processing industry for quality control, separation, and detections of contaminants such as aflatoxin will present a positive demand outlook for the market over the assessment period.
A significant rise in adoption of HPLC has been witnessed across the pharmaceutical and biotechnology industry as it assists in the purification of recombinant protein and extraction of complex molecules for the production of human therapeutic drugs and bionics.
Thus, increasing research and development actives for novel drug production and rising number of pharmaceutical companies across China, Germany, and India are expected to create lucrative sales opportunities for the market.
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Europe is anticipated to emerge as one of the most remunerative markets, accounting for around 1/3rd of the global sales through 2026. The growth in the region can be attributed to increasing investment by leading players in the pharmaceutical industries and government intervention in the field of food safety and environmental control.
“Growing popularity of liquid chromatography-mass spectrography (LC-MS) and increasing HPLC application across diagnostics laboratories for assessment of body fluids and tissue samples are expected to bode well for the market in the next five years,” says a Fact.MR analyst.
Key Takeaways from the High Performance Liquid Chromatography Market Study
- The U.S. is anticipated to dominate the North America market due to the increasing number of R&D activities aimed at the development of novel therapeutic drugs.
- Driven by the increasing regulation to ascertain food quality and safety in the U.K., Germany, and France, the market in Europe is projected to expand at a CAGR of 4.4% through 2026.
- Demand for HPLC in the Asia Pacific market is expected to increase at 5.3% CAGR by the end of 2026, favored by the large presence of leading pharmaceutical and biotechnology companies in China and India.
- Among end user verticals, diagnostic laboratories are estimated to account for a significant revenue share, exhibiting demand growth at a CAGR of 5.7% over the assessment period.
- Based on product type, instruments are forecast to lead the segment, accounting for more than 2/5th of the global HPLC sales by 2026.
Key Drivers
- Government funding to small-scale pharmaceutical companies and surging demand for effective drugs for the treatment of chronic diseases are spurring the sales of HPLC.
- Increasing demand for nutritious food products and stringent regulations implemented to ascertain food quality and safety are expected to favor application in the food and beverage industry segment.
Key Restraints
- High cost of the equipment for HPLC and highly complex chromatography procedures are factors hampering the market growth.
- Availability of low-cost alternatives such as gas chromatography and thin-layer chromatography is hindering the sales of HPLC.
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Competitive Landscape
Companies operating in the global high performance liquid chromatography market are heavily investing in development of innovative products and focusing on launching novel products to retain and acquire greater market share. For instance,
- In August 2020, Thermo Fisher Scientific, an American provisioner of scientific instrumentation, announced launching a new Thermo Scientific Dionex Easion ion chromatographic system for its water analysis. The product launch with assist the company to enhance its product portfolio in chromatographic domain.
- In November 2020, Shimadzu Corporation, a leading manufacturer of medical equipment based in Japan, announced launching its new, “Advanced i-Series” high performance liquid chromatography. The product is an improved flagship its older liquid chromatography (LC) model to support remote work.
Some of the key players in the market profiled by Fact.MR are:
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific, Inc
- Agilent Technologies, Inc.
- Waters Corporation
- GE Healthcare
- Shimadzu Corporation
- PerkinElmer Inc.
- Gilson, Inc.
- Phenomax, Inc.,
More Valuable Insights on High Performance Liquid Chromatography Market
Fact.MR, in its new report, offers an unbiased analysis of the global high performance liquid chromatography market, analyzing forecast statistics through 2020 and beyond. The survey reveals growth projections on in high performance liquid chromatography market with detailed segmentation:
By Product Type
- Instruments
- Consumables:
- Columns
- Filters
- Vials
- Tubes
- Accessories
By End-User
- Pharmaceutical & Biotechnology Industries
- Diagnostic Laboratories
- Food and Beverage Industry
- Academic and Research Institutes
- Others (Environmental, Forensic, Chemicals and Energy)
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Key Questions Covered in the High Performance Liquid Chromatography Market Report
- The market survey highlights projected sales growth of the high performance liquid chromatography market
- The report offers insight into high performance liquid chromatography demand outlook for the next five years
- High performance liquid chromatography market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- High performance liquid chromatography market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
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Preparative Chromatography Market- Growing use of chromatography techniques in nutraceuticals and the food industry is projected to raise expectations for the preparative chromatography market. Thin-layer chromatography combined with HPLC has been enhanced by the introduction of a slew of new detectors, such as array detectors that allow detection at several wavelengths. The employment of chromatography techniques in purifying biopharmaceutical products is the most recent driving force. Furthermore, the market is expected to be propelled by rising demand for monoclonal antibodies and high demand for preparative HPLC.
Gas Chromatography Market- The use of gas chromatography is increasing across a variety of industries, including food and beverage, agriculture, oil and gas, and healthcare. Environmental agencies, research organizations, clinical toxicology, and academic institutes all employ GC. For drug detection, explosives investigation, environmental analysis, identifying unknown substances, and fire investigation, gas chromatography has been combined with mass spectrometry (GC-MS). Gas chromatography will witness a considerable increase in demand in the near future due to its wide range of applications.
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