Meticulous Research®, a prominent market research firm, released a report titled, ‘High-performance Liquid Chromatography (HPLC) Market by Product (System, Column, Reagents, Syringe Filter, Tubing, Detector, Pump, Fraction Collector, Software) End User (Pharmaceutical, Food & Beverage, Academic & Research) - Global Forecast to 2030.’
Meticulous Research® has recently published a report indicating that the high-performance liquid chromatography (HPLC) market is expected to reach $7.9 billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. The market's expansion is fuelled by increased R&D investments in the pharmaceutical and biotechnology sectors, technological advancements in HPLC, heightened food safety concerns, and strict environmental regulations. However, the substantial cost of HPLC instruments significantly hampers market growth.
Emerging economies and the establishment of bio-clusters to promote research present opportunities for market expansion. Nevertheless, the shortage of skilled HPLC professionals and the growing use of refurbished HPLC instruments pose significant challenges to the market's growth.
Key Players
Major companies in the HPLC market include Waters Corporation (U.S.), Shimadzu Corporation (Japan), Danaher Corporation (U.S.), Bruker Corporation (U.S.), Merck KGaA (Germany), Agilent Technologies, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Sartorius AG (Germany), Gilson, Inc. (U.S.), Tosoh Corporation (Japan), Hitachi, Ltd. (Japan), and JASCO Corporation (Japan).
The HPLC market is categorized by Product (HPLC Systems, Consumables {Columns [Pre-Packed Columns, Empty Columns], Reagents & Buffers, Vials, Fittings & Tubings, Syringe Filters, Well Plates, Other Consumables}, Components & Accessories {Detectors & Lamps, Pumps, Fraction Collectors, Other Components & Accessories}, and Software & Service); End User (Pharmaceutical & Biopharmaceutical Companies, Academic & Research Institutes, Food & Beverage Companies, Environmental Testing Laboratories, Hospitals & Clinics, Oil & Gas Industries, Other End Users); and Geography. The report also assesses industry competitors and analyzes regional and country-level markets.
Based on product, in 2023, the HPLC systems segment is projected to hold the largest share of the HPLC market. This dominance is due to the widespread use of HPLC systems for separating molecules in various applications, including analyzing impurities in medications, monitoring pollutant levels in water and soil, and determining the composition of ingredients in food and beverages. Additionally, the high prices of chromatography instruments contribute to the overall market revenue.
Based on end user, in 2023, the pharmaceutical and biotechnology companies segment is expected to hold the largest share of the HPLC market. This is driven by the constant pressure on these companies to introduce innovative therapies, leading to substantial R&D investments and an increase in the number of molecules in the clinical pipeline. Additionally, the extensive use of HPLC in drug development for the effective separation, quantification, and identification of various components further boosts its adoption in the pharmaceutical and biotechnology sectors.
Based on geography, The Asia-Pacific region is expected to experience the highest growth rate during the forecast period. This growth is driven by several factors, including advancements in research infrastructure, increased investments in the pharmaceutical industry, and the rise of biotechnology hubs in countries like South Korea and Singapore.
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Key questions answered in the report:
• Which market segments are experiencing high growth in terms of product, end user, and country/region?
• What has been the historical global market for HPLC?
• What are the projected market forecasts and estimations for the period spanning from 2023 to 2030?
• What are the primary factors influencing, limiting, presenting opportunities, and posing challenges in the global HPLC market?
• Which companies are the key players in the global HPLC market?
• What does the competitive landscape look like, and which companies are leading the global HPLC market?
• What are the latest advancements or updates observed in the HPLC market?
• What strategies have the major players in the HPLC market implemented?
• What are the trends in different geographic regions and which regions or countries are experiencing high growth?
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