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The high-performance liquid chromatography (HPLC) market size is estimated to grow at a CAGR of 5.85% between 2022 and 2027. The market size is forecast to increase by USD 1,420.15 million. The growth of the market depends on several factors, including the increasing investments in healthcare sector, the high specificity, sensitivity, and accuracy of HPLC, and the increasing use of HPLC in drug approval process.
This high-performance liquid chromatography market report extensively covers market segmentation by end-user (pharmaceutical and biotechnology companies, academic and research institutions, and others), product (instruments, consumables, and accessories), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The high specificity, sensitivity, and accuracy of HPLC are notably driving the market growth, although factors such as the limitations of HPLC products may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the global high-performance liquid chromatography (HPLC) market growth is the increasing investments in the healthcare sector. Several private and government stakeholders are investing heavily in R&D activities in the healthcare sector. This is to launch products with innovative new technologies in the field of HPLC and to increase the potential of the healthcare industry. Moreover, pharmaceutical companies must comply with stringent guidelines implemented by regulations such as the US Food and Drug Administration (FDA).
Thus, they are increasingly adopting HPLC to ensure the high quality of products before commercialization. Several companies are investing in HPLC products to meet the increased demand from end-users such as pharmaceutical and biotechnology companies in the healthcare sector. Such factors will drive market growth during the forecast period.
Increasing use of HPLC is one of the key high-performance liquid chromatography market trends that is expected to impact the industry positively in the forecast period. The increasing use of HPLC by scientists and researchers in clinical diagnosis, research, and the pharmaceutical industry is set to become a major trend in the market. HPLC is used in clinical diagnosis to diagnose alterations in endocrine and exocrine gland secretions for the treatment of medical disorders.
In the pharmaceutical industry, HPLC is prominently used in quality control to check if the prepared or manufactured products comply with the standards specified by drug regulatory bodies. In the food and beverage industry, HPLC is used for detecting and quantifying food analytes in food samples based on their relative volatility and polarity to ensure the safety and nutritional quality of food products. Thus, the increasing applications of HPLC will positively impact the global HPLC market during the forecast period.
One of the key challenges to the global HPLC market growth is the high cost of HPLC instruments. The development of HPLC instruments includes the addition of automation features and data analysis software, which is expensive. The high cost of these instruments makes them unaffordable for small research laboratories. Many research institutes cannot afford HPLC instruments. For instance, the Agilent 1290 UHPLC Infinity DAD System offered by Agilent Technologies is priced at USD 39,500, and Agilent 1200 Preparative HPLC System is priced at USD 39,000. The Thermo Scientific Dionex Ultimate 3000 UHPLC PREP System offered by Thermo Fisher Scientific, Inc., is priced at USD 23,000.
Moreover, the Waters Alliance 2695 HPLC Separations Module (ELS 2420) System and Waters Alliance 2790 HPLC Separations Module with 996 PDA Detector offered by WATERS are priced at USD 14,900 and USD 11,999, respectively. Furthermore, instruments such as pumps are highly-priced. For instance, the Thermo Scientific Accela HPLC Autosampler and Pump offered by Thermo Fisher Scientific, Inc., is priced at $7,900. Thus, the high cost of HPLC instruments, including systems, detectors, and pumps, is expected to the growth of the global high-performance liquid chromatography (HPLC) market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global High-performance Liquid Chromatography (HPLC) Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the pharmaceutical and biotechnology segment will be significant during the forecast period. Pharmaceutical companies are organizations that engage in the research, development, manufacturing, and marketing of drugs and medications. Similarly, biotechnology companies are organizations that use living systems and organisms to develop and produce products for various applications, including healthcare, agriculture, and industry.
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The pharmaceutical and biotechnology segment was valued at USD 1,459.93 million in 2017 and continue to grow by 2021. In this segment, HPLC helps to separate, identify, and quantify these biomolecules, which are important in drug discovery and development, as well as in the production of biologics such as monoclonal antibodies. Both pharmaceutical and biotechnology companies require accurate and precise analytical tools for their research and development activities. HPLC is a powerful analytical technique that provides high-resolution separation and detection of analytes, making it an essential tool in drug discovery and development, quality control, and assurance. Therefore, the increase in demand for HPLC systems and consumables in the pharmaceutical and biotechnology industries is expected to lead the growth of the global high-performance liquid chromatography (HPLC) market during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America contributes the highest revenue to the global high-performance liquid chromatography (HPLC) market, with the United States being the leading country. The presence of multiple vendors offering such as HPLC instruments, consumables, and accessories in the United States is a key factor in the growth of HPLC market in the region. Moreover, the strong presence of HPLC product manufacturers that offer instruments, consumables, and accessories and ensure the availability of a wide range of products is expected to fuel the growth of this region's high-performance liquid chromatography market during the forecast period.
The COVID-19 pandemic had a significant impact on the high-performance liquid chromatography (HPLC) market in North America. However, the demand for HPLC equipment started to increase, especially in the pharmaceutical and biotechnology industries. As economies started to reopen, laboratories resumed their operations, leading to an increase in demand for HPLC equipment. The demand for HPLC equipment in the pharmaceutical and biotechnology industries is expected to remain strong, driven by the need for drug development and quality control testing in the forecast period. Furthermore, the increasing focus on environmental testing and the growth of the food and beverage industry is expected to drive demand for HPLC equipment in these sectors. Thus, these factors are expected to drive the growth of the high-performance liquid chromatography (HPLC) market in this region during the forecast period.
The high-performance liquid chromatography (HPLC) market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global high-performance liquid chromatography (HPLC) market as a part of the global life sciences tools and services market. The parent, global life sciences tools and services market covers products and companies engaged in Research and Development (R&D) of a variety of product categories, including capital equipment, instruments, accessories, and consumables that are used for R&D on pharmaceuticals and biotechnology products and laboratory diagnosis of various diseases. It also covers life sciences-related services, including contract research, contract manufacturing, and contract sales. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
High-performance Liquid Chromatography (HPLC) Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.85% |
Market growth 2023-2027 |
USD 1,420.15 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.45 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, UK, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agilent Technologies Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., General Electric Co., Hamilton Bonaduz AG, Hitachi Ltd., IDEX Corp., JASCO International Co. Ltd., Merck KGaA, Orochem Technologies Inc., Perkin Elmer Inc., Restek Corp., Sartorius AG, Shimadzu Corp., Thermo Fisher Scientific Inc., Tosoh Corp., Trajan Scientific Australia Pty Ltd., Waters Corp., and YMC Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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