High-Performance Liquid Chromatography Market Worth $6.73 Billion by 2030

Meticulous Research^®—a leading market research company, published a research report titled, ‘High-Performance Liquid Chromatography (HPLC) Market by Product (System, Detector, Consumables [Columns, Tubes, Filters], Accessories, Software), Application (Diagnostics, Forensics, Research), End User (Pharmaceutical, Academic)—Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the high-performance liquid chromatography (HPLC) market is projected to reach $6.73 billion by 2030, at a CAGR of 5.1% from 2023 to 2030. The growth of the HPLC is driven by the increasing significance of HPLC in drug discovery & development, the high reliability & sensitivity of the HPLC technique, and the growing R&D expenses of pharmaceuticals. However, the lack of long-term reproducibility is the major challenge to the growth of this market.

The HPLC market is segmented by Product Type (Instruments [Systems, Detectors, Pumps, Fraction Collectors]; Consumables [Columns{Pre-packed Columns, Empty Columns}, Vials, Well Plates, Tubing, and Syringe Filters, Other Consumables], Accessories, and Software); Application (Clinical Research, Diagnostics, Forensics, Other Applications); End User (Pharmaceutical & Biopharmaceutical Companies, Research Institutes & Academics, Food & Beverage Companies, Hospitals & Clinics, Environmental Agencies, Other End Users); and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

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Based on product type, in 2023, the instruments segment is expected to account for the largest share of the HPLC market. The adoption of the HPLC technique across various industries for purification and analysis of diverse analyte types, from small organic molecules and ions to large biomolecules and polymers, is supporting the large market share of this segment. Furthermore, high prices of chromatography instruments increase the overall market revenue.

Based on application, in 2023, the clinical research segment is expected to account for the largest share of the HPLC market. HPLC is used extensively in clinical research for efficient extraction and faster turnaround times. In clinical research, heavy loads of analytes are required to be separated and quantified without sacrificing the quality of the analysis. Large investments in pharmaceutical & biopharmaceutical R&D to accelerate drug development and increase molecules in the clinical pipeline support the large market share of this segment.

Based on end user, in 2023, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the HPLC market. The 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.

Based on geography, Asia-Pacific is expected to emerge with the fastest growth over the forecast period. The factors attributing to the fast growth of this market are advancing research infrastructure in Asia-Pacific countries, growing investments in pharmaceuticals, and emerging biotechnology hotspots in the countries like South Korea and Singapore.

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Key Players:

Key companies operating in the HPLC market are Waters Corporations (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.) GE Healthcare (U.S.), Hitachi, Ltd. (Japan), and JASCO Corporation (Japan).

Key questions answered in the report-

• Which are the high-growth market segments in terms of product type, application, end user, and geography?
• What was the historical market for HPLC market across the globe?
• What are the market forecasts and estimates for the period 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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