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The high-performance liquid chromatography (HPLC) market size is forecast to increase by USD 1.42 billion, at a CAGR of 5.85% between 2022 and 2027. The market is poised for growth, driven by several key factors. Increasing investments in the healthcare sector bolster demand, as HPLC's high specificity, sensitivity, and accuracy make it indispensable. Its pivotal role in the drug approval process further fuels market expansion, ensuring stringent quality control and precise analysis. HPLC's versatility and reliability render it vital across various industries, including pharmaceuticals, clinical research, and diagnostics. As technological advancements enhance HPLC's capabilities, it becomes increasingly indispensable in ensuring product efficacy and safety. This trend is expected to continue, underlining HPLC's pivotal position in modern healthcare and research endeavours.
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This 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.
The market is driven by increasing adoption in diagnostics, forensics, and life sciences, enhancing laboratory workflow efficiency. Biotech and agriculture research drive demand, with clinical trials requiring accurate analysis of inorganic impurities and biosimilars. High-performance liquid chromatography techniques ensure reliability and robustness in liquid chromatography operations, particularly with dual-injection systems. Therapeutics and vaccine development benefit from advanced diagnostic methods, while challenges include ensuring accuracy in disease diagnosis and analyzing viral proteins like favipiravir efficiently. Emerging trends focus on enhancing brand equity through advanced HPLC instruments while meeting the demands of applied chemical markets. 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 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 high-performance liquid chromatography 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 high-performance liquid chromatography 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.
The increasing use of HPLC is one of the key 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, high-performance liquid chromatography 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 market during the forecast period.
One of the key challenges to 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 the 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 USD 7,900. Thus, the high cost of HPLC instruments, including systems, detectors, and pumps, is expected to the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market research and growth, 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 market growth and forecasting strategies.
Customer Landscape
Companies 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 companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the market, industries spanning diagnostics, forensics, life sciences, and applied chemical markets rely on advanced HPLC instruments for precise laboratory workflow and adoption. Biotech and agriculture research benefit from HPLC's ability to detect inorganic impurities and analyze biosimilars. With robustness and reliability, HPLC techniques support clinical trials, ensuring accurate therapeutics and vaccine development. Dual-injection systems enhance liquid chromatography operations, facilitating diagnostic methods for diseases like viral infections, including favipiravir. As brand equity in diagnostics and forensics grows, HPLC emerges as a cornerstone technology, meeting evolving industry demands and driving advancements in analytical capabilities.
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 1.46 billion 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 to the growth of the 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 market, with the United States being the leading country. The presence of multiple companies offering such as HPLC instruments, consumables, and accessories in the United States is a key factor in the growth of the 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 market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The market thrives on innovation, catering to various sectors like clinical research, pharmaceuticals, and the food industry. HPLC systems play a pivotal role in drug approvals, aiding in diagnostic tools and preclinical activities. With multidimensional capabilities and intermediate pressure alternatives, they enable preparative purification and amino acid analysis. Technologies like two-dimensional liquid chromatography and the Hipersep Process M HPLC system empower research in oligonucleotides, peptides, and insulin. HPLC columns are integral to method development for pharmaceuticals, especially in chiral-compounds with chiral centers. Emerging areas include protein-based therapeutics, bispecific antibodies, and antibody-drug conjugates, expanding the biopharmaceutical domain with new methods and support software for liquid chromatography.
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 1.42 billion |
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 companies, Market Positioning of companies, 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 growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market 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. |
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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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