How Has The Liquid Chromatography Instruments Market Size Evolved In Recent Years?
The liquid chromatography instruments market has seen considerable growth due to a variety of factors.
• The size of the market for liquid chromatography instruments has seen a rapid increment in recent times. This market size is predicted to increase from $5.45 billion in 2024 to $5.78 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.0%. The surge during the historical period is largely due to growth in biotechnology and pharmaceutical research, increased importance on food safety examination, expanding use in environmental monitoring, investment in research infrastructure by the government, and the globalization of the chemical industry.
What Is The Projected Growth Of The Liquid Chromatography Instruments Market?
The Liquid Chromatography Instruments market is expected to maintain its strong growth trajectory in upcoming years.
• The market for liquid chromatography instruments is predicted to experience substantial expansion in the coming years, with its value rising to $7.47 billion in 2029 and a compound annual growth rate (CAGR) of 6.6%.
The surge during the projected period is due to factors such as increased application in metabolomics studies, the creation of compact and mobile devices, regulation adherence in the pharmaceutical sector, growing use in cannabis testing, along with a focus on precision medicine and personalised therapeutics. Key trends for the future include ultra-high performance liquid chromatography, advancements in column technologies, expanded automation, miniaturization and microfluidics, hybrid chromatography systems, and data management/connectivity.
What Are The Key Drivers Fueling Growth In The Liquid Chromatography Instruments Market?
The growth of the liquid chromatography instruments market is projected to be driven by the expansion in life science and biotechnological industries. In these industries, liquid chromatography is widely used – biochemists employ it to purify peptides and proteins, and molecular biologists use it to separate nucleic acids, oligonucleotides, and plasmids. For instance, most biological samples utilize reverse-phase HPLC, which uses a polar mobile phase and a polar stationary phase. The CBRE, a US-based real estate services and investment firm, reported in June 2022 that there are more professionals in life sciences research than ever before. The field saw a growth of 79% between 2001 and 2021, as opposed to the 8% growth for all jobs in the United States during that time. Furthermore, a survey by BDO International, a US-based accounting firm, stated in 2021 that 64% of biotech CFOs intend to bump up their R&D spending in the current year. Hence, the growth in the life science and biotechnological industries is expected to fuel the expansion of the liquid chromatography instruments market.
What Are The Principal Market Segments In The Global Liquid Chromatography Instruments Industry?
The liquid chromatography instruments market covered in this report is segmented –
1) By Type: High Performance Liquid Chromatography (HPLC), Ultra High Pressure Liquid Chromatography (UHPLC), Low Pressure Liquid Chromatography (LPLC), Fast Protein Liquid Chromatography (FPLC)
2) By Application: Clinical Diagnostics, Environmental Testing, Food And Beverage Analysis, Forensic Tests, Life Sciences
3) By End-User: Academics And Research Institutes, Pharmaceutical Companies, Hospitals, Agriculture Industry, Other End-User
Subsegments:
1) By High Performance Liquid Chromatography (HPLC): Reverse Phase HPLC, Normal Phase HPLC, Ion-Exchange HPLC, Size Exclusion HPLC
2) By Ultra High Pressure Liquid Chromatography (UHPLC): Ultra-Fast LC, Core-Shell Particle LC, Sub-2 Micron Particle LC
3) By Low Pressure Liquid Chromatography (LPLC): Gel Filtration Chromatography, Ion-Exchange Chromatography, Affinity Chromatography
4) By Fast Protein Liquid Chromatography (FPLC): Ion-Exchange FPLC, Affinity FPLC, Size Exclusion FPLC
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Which Emerging Market Trends Are Altering The Liquid Chromatography Instruments Industry?
The liquid chromatography instruments market is seeing a trend of technological advancement gaining traction. The major players in the market are centering their efforts on product innovation through research and development to maintain their market presence. For example, in October 2024, FreeCast rolled out YouBundle, a service designed to simplify the management of streaming subscriptions for consumers. With YouBundle, users have the option to customize their streaming video service bundles, giving them control over their subscriptions and consolidating their expenditures into one monthly payment. It incorporates leading subscription video on demand services such as Netflix and Disney+, virtual pay-TV services like YouTube TV and Sling TV, as well as local broadcast channels. It also offers access to a wide assortment of both ad-supported and pay-per-view TV episodes and films.
Who Are the Key Players In The Liquid Chromatography Instruments Market?
Major companies operating in the liquid chromatography instruments market include:
• PerkinElmer Inc.
• Hitachi High-Tech Corporation
• Waters Corporation
• Bio-Rad Laboratories Inc.
• Agilent Technologies
• Shimadzu Corporation
• AB SCIEX
• Bruker Corporation
• Thermo Fisher Scientific Inc.
• Phenomenex Inc.
• GE HealthCare Technologies Inc.
• Merck KGaA
• Hamilton Company
• Gilson Incorporated
• Trajan Scientific and Medical Pty Ltd.
• Restek Corporation
• Showa Denko K.K.
• SIELC Technologies Inc.
• Orochem Technologies Inc.
• Tosoh Corporation
• GL Sciences Inc.
• KNAUER Wissenschaftliche Geräte GmbH
• Sepax Technologies Inc.
• Daicel Corporation
• Mitsubishi Chemical Corporation
• Agela Technologies Inc.
• Advanced Materials Technology Inc.
• Chrom Tech Inc.
• EMD Millipore Corporation
• Hichrom Limited
• Imtakt Corporation
• Kinesis Ltd.
• MAC-MOD Analytical Inc.
• Regis Technologies Inc.
• VWR International LLC
• W.R. Grace & Co.
What Are The Regional Insights Into The Liquid Chromatography Instruments Market?
North America was the largest region in the liquid chromatography instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the liquid chromatography instruments market report during the forecast period. The regions covered in the liquid chromatography instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
