Rise in applications of high-performance liquid chromatography in biological research & development activities and increasing number of pre-clinical and clinical trials are some of the key factors expected to drive 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.
Growing prevalence of chronic and acute diseases worldwide, increasing applications of the HPLC technique in pharmaceutical and biotechnological research & development activities owing to their high accuracy, efficacy, and faster results, increasing government investments in the life sciences industry, and growing number of pre-clinical and clinical trials of new drugs and therapeutics are key factors expected to drive market revenue growth over the forecast period.
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High performance liquid chromatography (HPLC) is a robust tool for qualitative and quantitative estimation and is widely used in analytical chemistry. The technique is used to separate, purify, and identify components present in various solutions and mixtures. The HPLC process is way faster and more efficient in comparison to many other chromatography techniques. Increasing regulatory approvals for new and advanced chromatography equipment and solutions, increasing applications of HPLC in the pharmaceutical, biotechnology, and food & beverage sectors food and drug quality control testing, and rising demand for hyphenated techniques are other key factors expected to further fuel revenue growth of the global high-performance liquid chromatography (HPLC) market.
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 Product Type Segment Accounted for Largest Revenue Share in 2020:
Based on product type, the consumables segment accounted for the largest revenue share in the global high-performance liquid chromatography (HPLC) market in 2020. Technological advances in liquid chromatography procedures, increasing applications of HPLC in drug development and food & beverage testing, increasing research and development programs in the pharmaceutical, biotechnological, food & beverage, and agriculture sectors are key factors expected to boost revenue growth of this segment.
Pharmaceutical and Biopharmaceutical Companies End-use Segment Revenue to Expand at a Rapid CAGR:
Based on end-use, the pharmaceutical and biopharmaceutical companies segment is projected to account for the fastest revenue growth rate in the global high-performance liquid chromatography (HPLC) market over the forecast period. Robust revenue growth of this segment can be attributed to rising prevalence of chronic and acute diseases globally, growing need for new and advanced drugs and therapeutics, increasing R&D activities in the pharmaceutical and biopharmaceutical sectors.
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Asia Pacific to Account for Fastest Revenue Growth Rate:
Asia Pacific high-performance liquid chromatography (HPLC) market is expected to register fastest revenue CAGR in the global market over the forecast period. Some of the major factors expected to fuel the regional market revenue growth are increased government investments in the pharmaceutical and biotechnology industries, rise in life science research & development activities, growing need for more advanced and effective biosimilars and generic medicines, and rapidly advancing healthcare infrastructure in the region.
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 (HPLC) market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Clinical Research
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Pharmaceutical and Biopharmaceutical Companies
- Contract Research Organizations
- Academic Institutions
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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