High-Performance Liquid Chromatography Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
High-performance liquid chromatography (HPLC) is a technique for separating the components of a mixture and identifying and quantifying each component. The HPLC is utilized in the quantitative determination of plasma levels of drugs and their metabolites. This is especially crucial for the creation of novel medications and for the supervision of therapy.

Sizing and Forecast
The high-performance liquid chromatography market size has grown strongly in recent years. It will grow from <b>$5.84 billion in 2023 to $6.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. </b> 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 <b>$9.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. </b> 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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Segmentation & Regional Insights
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

<b>North America</b> was the largest region in the high-performance liquid chromatography market analysis in 2023. <b>Asia-Pacific</b> 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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the high-performance liquid chromatography market include <b> 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 </b>

The high-performance liquid chromatography market report table of contents includes:

1. Executive Summary

2. High Performance Liquid Chromatography Market Characteristics

3. High Performance Liquid Chromatography Market Trends And Strategies

4. High Performance Liquid Chromatography Market – Macro Economic Scenario

5. Global High Performance Liquid Chromatography Market Size and Growth

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31. Global High Performance Liquid Chromatography Market Competitive Benchmarking

32. Global High Performance Liquid Chromatography Market Competitive Dashboard

33. Key Mergers And Acquisitions In The High Performance Liquid Chromatography Market

34. High Performance Liquid Chromatography Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Waters Corporation

Agilent Technologies Inc

Shimadzu Corporation

PerkinElmer Inc

Bio-Rad Laboratories Inc

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