The high-performance liquid chromatography 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.
High-Performance Liquid Chromatography 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 high-performance liquid chromatography market size has grown strongly in recent years. It will grow from $5.84 billion in 2023 to $6.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increase in pharmaceutical research, rise in food and beverage analysis, rise in demand from environmental testing, increase in increased use in clinical diagnostics, rise in research and development.
The high-performance liquid chromatography market size is expected to see rapid growth in the next few years. It will grow to $9.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing drug safety and quality assurance, demand from precision medicine, expansion of cannabis testing, increasing environmental monitoring, increasing method development. Major trends in the forecast period include advanced detectors, high-throughput hplc, green and sustainable hplc, uhplc adoption, lc-ms integration.
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Scope Of High-Performance Liquid Chromatography 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.
High-Performance Liquid Chromatography Market Overview
Market Drivers –
An increase in the prevalence of chronic diseases is expected to propel the growth of the high-performance liquid chromatography market going forward. Chronic diseases such as cancer, heart disease, stroke, diabetes, and arthritis are diseases that often last for a longer time and require more medical attention. High-performance liquid chromatography (HPLC) analyzes any medications in order to validate their identity, provide quantitative data, and track the progress of illness therapy. It may also be utilized to advance the understanding of normal and pathological processes in the human body through biological and therapeutic research prior to medication licensing which in turn is boosting the growth of the market. For instance, in 2021, according to the Chronic Disease Burden Report 2021, published by the Pennsylvania Department of Health, a US-based government institution in charge of administering and regulating healthcare services, every year, over 659,000 Americans die as a result of heart disease, accounting for roughly one-quarter of all deaths in the country. Medical costs for heart disease and stroke are estimated to be around $200 billion per year, with lost productivity on the job costing around $131 billion. Cancer is the second largest cause of death in the United States, after heart disease. Every year, around 1.6 million individuals are diagnosed with cancer, and 600,000 people die from it. Cancer care costs are projected to exceed $245 billion by 2030 . Therefore, the increase in the prevalence of chronic diseases is driving the growth of the high-performance liquid chromatography market.
Market Trends –
Technological advancements are the key trend gaining popularity in the high-performance liquid chromatography market. Major companies operating in the market are developing advanced HPLC technologies such as integrated high-performance liquid chromatography (HPLC) and ultra-high performance liquid chromatography (UHPLC) capabilities, as well as other HPLC systems that provide dual-injection systems, multidimensional capabilities, and intermediate pressure alternatives, increasing the technique’s utility for a wide range of research applications. For instance, in July 2021, Trivitron Healthcare, an India-based medical technology company, launched two new HPLC-based solutions for HbA1c and Hb variant detection, the NANO H5 and the NANO H110. These products are designed to provide accurate and timely results for monitoring diabetes, thalassemia, and hemoglobin variants. The NANO H5 is a compact and automated HPLC analyzer that can process five samples at a time, with a processing time of 130 seconds. The NANO H110 is also a compact and automated HPLC analyzer, but it has a dual test mode for HbA1c and Hb variant detection and a higher sample loading capacity of 110 samples at a time.
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, Others End-Users
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Regional Insights –
North America was the largest region in the high-performance liquid chromatography market analysis in 2023. 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.
Key Companies –
Major companies operating in the high-performance liquid chromatography market include Waters Corporation, Agilent Technologies Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc., GE Healthcare, 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., Alltech Associates Inc., Analytical Sales and Services Inc., Chromatography Research Supplies Inc., Daicel Corporation, Eksigent Technologies LLC, W. R. Grace & Co., Hichrom Limited
Table of Contents
1. Executive Summary
2. High-Performance Liquid Chromatography Market Report Structure
3. High-Performance Liquid Chromatography Market Trends And Strategies
4. High-Performance Liquid Chromatography Market – Macro Economic Scenario
5. High-Performance Liquid Chromatography Market Size And Growth
…..
27. High-Performance Liquid Chromatography Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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