The liquid chromatography instruments global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Chromatography Instruments Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The liquid chromatography instruments market size has grown strongly in recent years. It will grow from $5.19 billion in 2023 to $5.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise in pharmaceutical and biotechnology research, increased focus on food safety testing, growing applications in environmental monitoring, government investments in research infrastructure, globalization of the chemical industry..
The liquid chromatography instruments market size is expected to see strong growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increased utilization in metabolomics studies, development of compact and portable instruments, regulatory compliance in pharmaceuticals, rising adoption in cannabis testing, focus on precision medicine and personalized therapeutics.. Major trends in the forecast period include ultra-high performance liquid chromatography, advancements in column technologies, increasing automation, miniaturization and microfluidics, hybrid chromatography systems, data management and connectivity..
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Scope Of Liquid Chromatography Instruments Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Chromatography Instruments Market Overview
Market Drivers –
An increase in life science and biotechnological industries is expected to propel the growth of the liquid chromatography instruments market going forward. In the life science and biotechnological industries, liquid chromatography is commonly employed, in which biochemists use it to purify peptides and proteins, while molecular biologists use it to isolate nucleic acids, oligonucleotides, and plasmids. For example, reverse-phase HPLC is utilized for the majority of biological samples, whereas, a polar mobile phase and a polar stationary phase are used in reverse-phase HPLC. For instance, in June 2022, according to the CBRE’s report, a US-based real estate services, and investment firm, more experts are involved in life sciences research than ever before. This category grew 79% between 2001 and 2021, compared to 8% for all jobs in the United States. Additionally, according to the BDO International survey in 2021, a US-based accounting firm, 64% of biotech CFOs are planning to increase R&D spending this year. Therefore, the increase in life science and biotechnological industries will drive the growth of the liquid chromatography instruments market.
Market Trends –
Technological advancement is a key trend gaining popularity in the liquid chromatography instruments market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in June 2021, Waters Corporation, a US-based analytical laboratory instrument and software company, introduced the Waters Arc Premier System, a new liquid chromatography system with HPS technology. The Waters Arc Premier System is the liquid chromatography system tailored for chromatographic separations on 2.5–3.5 m columns, and it also includes Waters’ innovative MaxPeak High-Performance Surface (HPS) technology. The innovative method works in tandem with Waters’ best-selling MaxPeak Premier Columns to practically eliminate surface contacts between sample analytes and instrument and column hardware, saving laboratories time spent on costly passivation and delivering better confidence in separation results.
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
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Regional Insights –
North America was the largest region in the liquid chromatography instruments market in 2023. 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
Key Companies –
Major companies operating in the liquid chromatography instruments market report are Japan Spectroscopic Corporation, 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, Yamamura Chemical Research Institute Co. Ltd., 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.
Table of Contents
1. Executive Summary
2. Liquid Chromatography Instruments Market Report Structure
3. Liquid Chromatography Instruments Market Trends And Strategies
4. Liquid Chromatography Instruments Market – Macro Economic Scenario
5. Liquid Chromatography Instruments Market Size And Growth
…..
27. Liquid Chromatography Instruments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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