Meticulous Research®—a leading market research company, published a research 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.’

According to this latest publication from Meticulous Research®, the high-performance liquid chromatography (HPLC) market is projected to reach $7.9 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. The growth of the HPLC market is driven by the increasing R&D investments in the pharmaceutical and biotechnology industries, technological advancements in HPLC, rising food safety concerns, and stringent policies and initiatives to reduce environmental pollution. However, the high costs of HPLC Instruments restrain this market's growth to a significant extent.

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Emerging economies and the development of bio-clusters to foster research offers opportunities for market growth. However, the shortage of skilled HPLC professionals and the adoption of refurbished HPLC instruments are the major challenges to the market’s growth.

Key Players

Key companies operating in the HPLC market are 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 segmented 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 study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on product, in 2023, the HPLC systems segment is expected to account for the largest share of the HPLC market. The large market share of this segment is attributed to the increased adoption of HPLC systems for the separation of molecules in various applications, such as the analysis of impurities in medicine, monitoring levels of pollutants in water and soil, and analysing the number of ingredients in foods and drinks. Furthermore, high prices of chromatography instruments increase the overall market revenue.

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Based on end user, in 2023, the pharmaceutical & biotechnology companies’ segment is expected to account for the largest share of the HPLC market. Pharmaceutical & biotechnology companies are under constant pressure to bring innovative therapies to the market. High investments in R&D by pharmaceutical companies and the rise in the number of molecules in the clinical pipeline support the large market share of this segment. Additionally, HPLC is widely adopted in drug development processes to effectively separate, quantify, and identify various components and their quantities, further driving its usage among pharmaceutical & biotechnology companies.

Based on geography, Asia-Pacific is expected to register the highest growth rate over the forecast period. The growth of this regional market can be attributed to several factors, including advancements in research infrastructure, increased investments in the pharmaceuticals industry, and the emergence of biotechnology hotspots in countries such as South Korea and Singapore.

Key questions answered in the report:

What are the high-growth market segments in terms of product, end user, and country/region?
What was the historical market for HPLC across the globe?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the global HPLC market?
Who are the major players in the global HPLC market?
How is the competitive landscape, and who are the market leaders in the global HPLC market?
What are the recent developments in the HPLC market?
What are the different strategies adopted by the major players in the HPLC market?
What are the geographic trends and high-growth regions/countries?
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