What is the Historical Analysis of the High-Performance Liquid Chromatography Market Size?
The high-performance liquid chromatography market has seen considerable growth due to a variety of factors.
• In recent times, the market size for high-performance liquid chromatography has seen substantial growth. It is projected to expand from $6.28 billion in 2024 to $6.79 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.0%.
The historical growth can be credited to factors such as the escalation in pharmaceutical research, an uptick in food and beverage analysis, a surge in demand for environmental testing, an increase in its utilization in clinical diagnostics, and a rise in research and development efforts.
What is the Forecasted Growth of the High-Performance Liquid Chromatography Market Size?
The high-performance liquid chromatography market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of high-performance liquid chromatography is anticipated to witness an accelerated growth, reaching $10.59 billion by 2029 with a compound annual growth rate (CAGR) of 11.8%.
This projected growth during the forecast period can be associated with factors such as enhanced drug safety and quality assurance, demand surge in precision medicine, the growth of cannabis testing, a rise in environmental monitoring and method development. Key trends expected within the forecast timeline are the introduction of advanced detectors, high-throughput hplc, green and sustainable hplc, adoption of uhplc, and integration of lc-ms.
What Key Factors and Trends are Driving the Growth of the High-Performance Liquid Chromatography Market?
The rise in chronic illnesses is anticipated to fuel the expansion of the high-performance liquid chromatography market. Conditions like cancer, heart disease, stroke, diabetes, and arthritis often persist for extended periods and necessitate greater medical care. High-Performance Liquid Chromatography (HPLC) scrutinizes medications to authenticate their identification, supply quantitative data, and monitor the development of treatment plans for illnesses. It can further enhance comprehension of normal and disease processes in the human body through biological and therapeutic study before licensing medications, thereby accelerating market growth. For instance, in 2022, the American Cancer Society, a US-based voluntary organization, projected that there would be 1.9 million new cancer cases and 609,360 cancer deaths in the United States. Thus, the upsurge in chronic disease prevalence is propelling the high-performance liquid chromatography market's growth.
What are the Market Segments in the High-Performance Liquid Chromatography Market?
The high-performance liquid chromatography market covered in this report is segmented –
1) By Product: Instruments, Consumables, Accessories
2) By Application: Clinical Research, Diagnostics, Forensic, Other Applications
3) By End-User: Pharmaceutical And Biotechnology Industries, Diagnostic Laboratories, Food And Beverage Industry, Academic And Research Institutes, Other End-Users
Subsegments:
1) By Instruments: HPLC Systems, Ultra-High Performance Liquid Chromatography (UHPLC) Systems, Automated HPLC Systems
2) By Consumables: Columns, Mobile Phases, Sample Vials And Inserts
3) By Accessories: Detectors, Pumps And Flow Control Devices, Software And Data Analysis Tools.
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What Trends are Shaping the High-Performance Liquid Chromatography Market?
Leading companies functioning in the market are innovating high-performance liquid chromatography (HPLC) technologies like integrated HPLC for a broad array of research uses. For instance, Waters Corporation, a life science firm from the US, introduced Alliance iS Bio in April 2024. This was created specifically for use in biopharmaceutical applications; the system guarantees accurate and dependable separation of intricate biological molecules. This includes intelligent technology that supports QC analysts by lowering operational mistakes and enhancing system performance. The system rules out up to 40% of typical errors, reducing time used to look into unsuccessful runs and out-of-spec results. By improving workflow effectiveness, it provides quicker and more precise results in biopharma quality control operations.
Who Are the Key Players in the High-Performance Liquid Chromatography Market?
Major companies operating in the high-performance liquid chromatography market include:
• Waters Corporation
• Agilent Technologies Inc.
• Shimadzu Corporation
• Thermo Fisher Scientific Inc.
• PerkinElmer Inc.
• Bio-Rad Laboratories Inc.
• Merck Millipore
• Hitachi Ltd.
• Phenomenex Inc.
• JASCO Corporation
• Gilson Inc.
• Knauer GmbH
• SIELC Technologies
• Tosoh Bioscience LLC
• YMC Co. Ltd.
• GL Sciences Inc.
• Sepax Technologies Inc.
• Restek Corporation
• Hamilton Company
• ACE HPLC Columns
• Advanced Chromatography Technologies Ltd.
• Analytical Sales and Services Inc.
• Chromatography Research Supplies Inc.
• Daicel Corporation
• Eksigent Technologies LLC
• Hichrom Limited
What are the Regional Insights into the High-Performance Liquid Chromatography Market?
North America was the largest region in the high-performance liquid chromatography market analysis in 2024. Asia-Pacific is expected to be the fastest-growing region in the global high performance liquid chromatography market during the forecast period. The regions covered in the high-performance liquid chromatography market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
