Redding, California, Jan. 17, 2023 (GLOBE NEWSWIRE) -- According to a new market 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,’ published by Meticulous Research®, the HPLC market is projected to reach $6.73 billion by 2030, at a CAGR of 5.1% from 2023 to 2030.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5395
High-performance liquid chromatography (HPLC) is a chromatographic technique used to analyze and quantitate components in the mixture in the fields of analytical chemistry, biochemistry and industrial. HPLC is mainly used for identifying, quantifying, and purifying the individual components of the mixture. The significance of the applicability of HPLC to diverse analytes from various industries across various molecules has increased.
The growth of the HPLC market is driven by the increasing significance of HPLC in drug discovery & development, the high reliability and 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.
Impact of COVID-19 on the High-performance Liquid Chromatography Market
COVID-19 resulted in a short-term negative impact on the growth of the HPLC market. Factors such as decreasing product demand from major end-users, limited activities in the majority of industries due to social distancing and nationwide lockdowns, and inadequate funding for research and academic institutions negatively impacted the demand for HPLC products. Additionally, the temporary closure of major academic institutions, disruptions in supply chains, and difficulties in providing the required or post-sale services also affected the market. However, the use of HPLC products for developing new vaccinations and treatments increased as most of the pharmaceutical and life science resources were concentrated on COVID-19-related research.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5395
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 the Middle East & Africa).
Based on product type, the HPLC market is segmented into instruments, consumables, accessories, and software. In 2023, the instruments segment is expected to account for the largest share of the HPLC market. The large market share of this segment is attributed to the rising demand for advanced HPLC systems for new drug development and technological advancements in HPLC. Furthermore, high prices of chromatography instruments increase the overall market revenue.
Quick Buy – High-Performance Liquid Chromatography (HPLC) Market Market - Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/97803950
Based on application, the HPLC market is segmented into clinical research, diagnostics, forensics, and other applications. In 2023, the clinical research segment is expected to account for the largest share of the HPLC market. The large market share of this segment is primarily attributed to the increase in demand for advanced analytical techniques for the separation and analysis of complex molecules, expansion of the clinical pipeline of pharmaceuticals, and availability of high funding for clinical R&D.
Based on end user, the HPLC market is segmented into pharmaceutical & biotechnology companies, research institutes & academics, food & beverage companies, hospitals & clinics, environmental agencies, and other end users. In 2023, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the HPLC market. Various applications of HPLC in pharmaceutical & biotechnology and the funding for R&D to boost drug development are the factors supporting the large market share of the market. Pharmaceutical companies use HPLC for analyzing drug purity, analysis of the active components in pharmaceuticals, and quality control.
Based on geography, the HPLC market is segmented into North America, Europe, Asia-pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the HPLC market. North America’s major market share is attributed to a large number of approvals of biosimilars and generics, a rise in pharmaceutical R&D expenditure, high adoption of advanced technologies, a well-established healthcare system, and the presence of key market players. However, 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.
Some of the 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).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/high-performance-liquid-chromatography-market-5395
Scope of the Report:
High-Performance Liquid Chromatography Market, by Product Type
- Instruments
- Systems
- Detectors
- Pumps
- Fraction Collectors
- Consumables
- Columns
- Pre-packed Columns
- Empty Columns
- Vials
- Well Plates
- Tubing
- Syringe Filters
- Other Consumables
- Columns
- Accessories
- Software
(Note: Other consumables include sample loops, column end caps, replacement capillary, and ferrule)
High-Performance Liquid Chromatography Market, by Application
- Clinical Research
- Diagnostics
- Forensics
- Other Applications
(Note: Other applications include agriculture and analytical research)
High-Performance Liquid Chromatography Market, by End User
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Food & Beverage Companies
- Hospitals & Clinics
- Environmental Agencies
- Other End Users
(Note: Other end users include agriculture and chemical companies)
High-Performance Liquid Chromatography Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5395
Related Reports:
Chromatography Consumables Market by Product (Prepacked Columns [Analytical, Preparative], Vials, Tubing), Technology (HPLC, GC, UPLC), End User (Pharma, Biotech, Hospitals, F&B, Oil & Gas, Environmental Agencies) and Geography - Global Forecast to 2027
https://www.meticulousresearch.com/product/chromatography-consumables-market-5169
Continuous Bioprocessing Market by Product (Filtration, Chromatography, Centrifuges, Consumables), Application (Commercial {Vaccines, Monoclonal Antibodies}, R&D), End User (Pharmaceuticals, Biotechnology, CROs), and Geography - Forecast to 2028
https://www.meticulousresearch.com/product/continuous-bioprocessing-market-5079
Biopharmaceutical Processing Equipment and Consumables Market by Product Type {Filtration, Chromatography [Consumables, Equipment], Disposable Bioreactors, Cell Culture Media, Shakers, Services), Application (Vaccine, mAb, R&D), and End User- Forecast to 2029
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/623/high-performance-liquid-chromatography-market-2030
