Vancouver, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The global high-performance liquid chromatography (HPLC) market size is expected to reach USD 7.62 Billion in 2032 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. Rising biological research and development activities and increasing number of pharmaceutical companies and Contract Research Institutes (CROs) are major factors boosting revenue growth of the global high-performance liquid chromatography market. HPLC is a method where analytical chemistry is put to practice to identify every single component present in a mixture.
HPLC systems compromises multiple elements such as solvent reservoir, high-pressure pump, a column, injector system, detector and waste reservoir. Solvent reservoir is basically used to hold the solvent while the injector is put to use to inject analysis sample to the carrier steam before moving into the column. HPLC is predominantly used to control and examine quality in the food industry, by inspecting and segregating vitamins, additives preservatives, amino acids and proteins. It is also used to separate and detective contaminated elements from food products. Rising emphasis on precise diagnostics, and growing importance of chromatographic techniques as a standard process for testing validity and specificity of drug components is expected to continue to drive market growth going ahead.
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Scope of Research
| Report Details | Outcome |
| Market size in 2020 | USD 4.46 Billion |
| CAGR (2023–2032) | 4.5% |
| Revenue forecast in 2032 | USD 7.62 Billion |
| Base year for estimation | 2020 |
| Historical data | 2018–2019 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion; and CAGR from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product, application, end-use, and regions |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Country scope | U.S.; Canada; Mexico; Germany; France; U.K.; BENELUX; Italy; Spain; Switzerland; Russia; Rest of Europe; China; Japan; South Korea; India; Rest of APAC Brazil; Rest of LATAM; Saudi Arabia; UAE; South Africa; Turkey.; Rest of MEA. |
| Key companies profiled | Waters Corporations, Agilent Technologies, Inc., Shimadzu Corporation, Thermo Fisher, PerkinElmer, GE Healthcare, Bio-Rad Laboratories, Inc., Merck Millipore, Hitachi, and Showa Denko k.k. |
| Customization scope | 10 hours of free customization and expert consultation |
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Competitive Landscape
The global high-performance liquid chromatography (HPLC) market is highly fragmented with a large number of key players focusing on research and development activities in order to leverage major share in the global market. Some major players in the market are:
- Waters Corporations
- Agilent Technologies, Inc.
- Shimadzu Corporation
- Thermo Fisher
- PerkinElmer
- GE Healthcare
- Bio-Rad Laboratories, Inc.
- Merck Millipore
- Hitachi
- Showa Denko k.k.
Strategic Developments
In March 2020, Thermo Fisher Scientific launched an advanced analytical instrument Vanquish Core HPLC systems. This system helps to improve laboratory workflows by automatically monitoring and determining solvent and waste levels.
In November 2020, AgraFlora Organics International acquired a High Performance Liquid Chromatography (HPLC) equipment for its fully automated edibles manufacturing facility, located in Winnipeg, Manitoba. This equipment helps to improve product safety and quality standards.
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Some Key Findings in the Report:
- Clinical research segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing pharmaceutical and biotechnological research activities and rising need for preclinical and clinical trials.
- North America accounted for a 30.7% revenue share contribution in the global market in 2020. Constant funding for R&D, increasing number of preclinical activities by pharmaceutical companies and CROs, and development of food and agricultural industries are major factors driving revenue growth of the market in this region.
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For the purpose of this report, Emergen Research has segmented the global high-performance liquid chromatography (HPLC) market based on product, application, end-use, and region.
- Product Outlook (Revenue, USD Billion; 2023–2032)
- Instruments
- Systems
- Detectors
- Pumps
- Others
- Accessories
- Consumables
- Application Outlook (Revenue, USD Billion; 2023–2032)
- Clinical Research
- Forensic
- Diagnostics
- Other
- End-Use Outlook (Revenue, USD Billion; 2023–2032)$1$1$1
- Pharma and Bio-pharmaceutical Companies
- Contract Research Organizations
- Academic Institutions
- Others
- Regional Outlook (Revenue: USD Billion; 2023–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Switzerland
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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