Increasing applications of the high-performance liquid chromatography technique in biological R&D activities and growing number of clinical trials are among the major factors expected to drive the global market revenue growth.
Increasing applications of the high-performance liquid chromatography technique in biological R&D activities and growing number of clinical trials are among the major factors expected to drive the global market revenue growth
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.
Market Dynamics:
The global high-performance liquid chromatography (HPLC) market revenue growth is primarily attributed to factors such as rising burden of chronic and acute diseases across the globe, increasing applications of the HPLC technique in research & development activities in the pharmaceutical and biotechnological sectors, growing number of clinical trials of new pharmaceutical drugs and therapeutics, and increasing adoption of high-performance liquid chromatography due to their higher efficacy and accuracy and faster results compared to other chromatography techniques.
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High-performance liquid chromatography is one of the most efficient techniques in analytical chemistry, and it is used for identification, separation, and purification of the components present in different solutions and mixtures. Compared to many other chromatography techniques, the HPLC process is much faster, safer, and more efficient. The technique allows for the use of smaller particles for the column packing material, which provide a greater surface area for better separation of the mixture components. More advanced and automated forms of the high-performance liquid chromatography method include normal phase HPLC and reversed phase HPLC. Other key factors contributing to the global high-performance liquid chromatography (HPLC) market revenue growth are regulatory approvals for new and more advanced liquid chromatography technologies and instruments, rising government and private investments in the life sciences industry, and stringent government regulations for food & drug quality control and safety testing.
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
Consumables Segment Accounted for Largest Revenue Share in 2020:
The consumables segment dominated other segments in terms of revenue share in the global market in 2020. Key factors supporting revenue growth of this segment are increasing research & development activities in the pharmaceutical, biotechnology, and food & beverage industries, increasing use of the HPLC technique, technological advances in liquid chromatography methods, and growing need for safety testing & quality control in the pharmaceutical, food & beverage, and agriculture sectors.
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Pharmaceutical and Biopharmaceutical Companies Segment Revenue to Expand at a Rapid CAGR:
The pharmaceutical and biopharmaceutical companies segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Growing prevalence of chronic and acute diseases worldwide, rising demand for new and more advanced drugs and therapeutics, rise in pharmaceutical and biopharmaceutical R&D activities are major factors driving revenue growth of this segment.
Asia Pacific to Account for Fastest Revenue Growth Rate:
Among regional markets, the Asia Pacific high-performance liquid chromatography (HPLC) market is expected to register the fastest revenue CAGR in the global market over the forecast period. Major factors providing impetus to the Asia Pacific market revenue growth are increasing research & development activities in the pharmaceutical and biotechnology industries, rise in public and private investments in the life sciences industry, growing demand for more advanced biosimilars and generic drugs, and rapidly advancing healthcare infrastructure in the region, and presence of key market players including Shimadzu Corporation and Showa Denko K. K.
Major Companies in the Market Include:
- Waters Corporations
- Agilent Technologies, Inc.
- Shimadzu Corporation
- Thermo Fisher Scientific
- PerkinElmer,
- GE Healthcare,
- Bio-Rad Laboratories, Inc.
- Merck Millipore,
- Hitachi
- Showa Denko k.k.
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For the purpose of this report, Emergen Research has segmented the global high-performance liquid chromatography (HPLC) market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Instruments
- Systems
- Detectors
- Pumps
- Others
- Accessories
- Consumables
Application Outlook (Revenue, USD Billion; 2018–2028)
- Clinical Research
- Forensic
- Diagnostics
- Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Pharmaceutical and Biopharmaceutical Companies
- Contract Research Organizations
- Academic Institutions
- Others
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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