Number of pages: 100-120 | Report Format: PDF | Published date: 02 February, 2022
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021 to 2031
Market Fundamentals
High-performance liquid chromatography (HPLC) is an analytical technique used to separate, identify, and quantify drug and drug-related impurities. HPLC is an advanced form of liquid chromatography. An HPLC system consists of a stationary phase, a mobile phase of changeable polarity, and an ultraviolet detector. In HPLC, the sample is passed through the column under high pressure (nearly 400 ATM), resulting in the faster and efficient separation of different components. HPLC can be used for various applications, including qualitative and quantitative analysis, preparation of pure substance for clinical and toxicology studies, and trace analysis.
[756266]
Market Dynamics
The launch of technologically advanced systems that help in achieving higher precision and faster results is one of the key factors boosting the growth of the HPLC market. Moreover, factors such as the increasing R&D activities in the pharmaceutical companies and the rising importance of HPLC tests in the drug approval process are anticipated to propel the market growth during the projected period. However, the high cost of the equipment and dearth of skilled technicians is likely to hinder the market growth to a certain extent.
Market Ecosystem
The global HPLC market has been analyzed from three perspectives: Product Type, Application, and Region.
High-Performance Liquid Chromatography (HPLC) Market by Product Type
[2445454]
Based on product type, the HPLC market has been segmented into instruments, consumables, and accessories. The instrument segment is further bifurcated into HPLC systems, detectors, pumps, and fraction collectors. Consumables are categorized into columns, filters, and other consumables. Instruments held the largest share of the HPLC market in 2020. Increasing use of HPLC test reports in the drug approval process, technological advancements, and new product launches are some of the factors fueling the growth of this segment.
High-performance Liquid Chromatography (HPLC) Market by Application
The HPLC market has been segmented into clinical research, forensic, diagnostics, and other applications based on application. The clinical research segment is anticipated to be the fastest-growing segment during the projected period. Factors anticipated to contribute to the growth of this segment include the increasing number of drug development studies and the rising use of HPLC for detecting impurities in pharmaceutical products.
High-performance liquid chromatography (HPLC) Market by Region
Regionally, the global HPLC market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest share of the global HPLC market in 2020. Increasing R&D activities in the pharmaceutical companies, technological advancements, and growing clinical use of HPLC tests are some of the factors attributing to the growth of the HPLC market in this region. Moreover, presence of the prominent players and new product launches are also driving the market growth in this region.
Competitive Landscape
Some of the prominent players operating in the global HPLC market includes:-
Strategic Developments
|
Report Attribute |
Details |
|
Revenue forecast in 2031 |
USD ~16.67 billion |
|
Market size value in 2020 |
USD ~4.2 billion |
|
Growth Rate |
CAGR of ~4.3% from 2021 to 2031 |
|
Base year for estimation |
2020 |
|
Forecast period |
2021-2031 |
|
Segments covered |
Product Type, Application |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global high-performance liquid chromatography (HPLC) market was anticipated to clock US$ ~4.2 billion in 2020
The high-performance liquid chromatography (HPLC) market is projected to reach US$ ~16.67 billion by 2031
The launch of technologically advanced systems that help in achieving higher precision and faster results is one of the key factors boosting the growth of the HPLC market
Agilent Technologies, Inc, Thermo Fisher Scientific Inc, Bio-Rad Laboratories, Inc, Waters, Shimadzu Corporation, PerkinElmer Inc, Hitachi High-Tech Corporation, Hamilton Company, Tosoh Bioscience GmbH, Cytiva
The growth rate of high-performance liquid chromatography (HPLC) market is CAGR of ~4.3% between 2021-2031
North America held the largest market share of the global high-performance liquid chromatography (HPLC) market in 2020
