Number of pages: 100-120 | Report Format: PDF | Published date: 15 July, 2022
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021 to 2031
The global liquid chromatography market was pegged at ~US$ 9.7 in 2021 and is expected to witness a CAGR of ~5.4% during the forecast period.
Market Fundamentals
Liquid chromatography is an analytical tool that is majorly used for the separation and identification of compounds such as proteins, nucleic acid, and smaller molecules from an organic sample. The interaction of sample with the mobile and stationary phases forms the basis for the separation. Depending on the sample's affinity with the liquid phase, the composition of the mobile phase entirely changes. For analytical and preparative purposes, such as in food supplements, pharmaceuticals, and biotherapeutics, liquid chromatography can be utilized. High-performance liquid chromatography (HPLC), one of the more sophisticated techniques of liquid chromatography, allows for ultra-trace separations with high sensitivity and precision, boosting the market growth. The most important variables influencing the growth of the liquid chromatography market are high speed, selective analysis, and sample preparation.
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Market Dynamics
The liquid chromatography market is anticipated to rise during the forecast period because of the utilization of liquid chromatography techniques in the forensic, biochemistry, pharmaceutical, and agricultural industries. The most practical method for identifying polar pesticides in food and environmental samples is liquid chromatography. High-performance liquid chromatography is the main method of analysis in the laboratory for forensic toxicology, toxicology, environment, and so on. The increasing use of liquid chromatography equipment in the agriculture, biochemistry, pharmacy, and forensic industries is expected to drive the growth of the liquid chromatography market over a forecast period. Increased investment in this area by research users and government agencies provides growth opportunities for market growth. In addition, advanced development is estimated to reduce downtime and the cost of maintenance creates many opportunities in the market.
However, the high cost of LC devices can have a negative impact on market growth. Alternative technologies present challenges. Protein crystallization, membrane chromatography, crystallization, high-resolution extra filtration, three-phase partition monolith, capillary electrophoresis, precipitation, and high-pressure folding are expected to challenge the liquid chromatography equipment market.
Market Ecosystem
The global Liquid Chromatography market has been analyzed from four perspectives: Type, Technique End-User, and Region.
Liquid Chromatography Market by Type
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The global liquid chromatography market has been subdivided into the following types: instruments, consumables, and software & accessories. The instrument segment is dominating the liquid chromatography market currently. This market share is attributed to the rising adoption of LC techniques mainly by the key players and detectors in research labs. The versatility of systems across different columns plays a key role in the adoption of the systems. However, the consumables segment is anticipated to grow at a higher rate in the forecast period because of the advancements in technology, the rapid growth of biopharmaceuticals companies, increased food analysis by the agriculture industry, and the growing need for the development of novel therapeutics to cater to the perpetually increasing prevalence of chronic diseases.
Liquid Chromatography Market by Technique
The global liquid chromatography market has been subdivided into the following techniques: High-performance liquid chromatography (HPLC), Normal phase liquid chromatography (NPLC), Ion Exchange liquid chromatography (IELC), Size-exclusion liquid chromatography (SELC), Fast protein liquid chromatography (FPLC), Reversed-phase liquid chromatography (RPLC). Preparation of pure substance for clinical, toxicology studies, inorganic studies, and trace analysis make high-performance liquid chromatography (HPLC) the most opted technique. HPLC supports analyst in developing various biologics, assertive food safety and testing of water quality for environmental protection.
However, the Ion Exchange liquid chromatography (IELC) technique is foreseen to grow due to its increasing usage in the food industry.
Liquid Chromatography Market by End-User
The global Liquid Chromatography market has been segmented into various end-user perspectives: Pharmaceuticals & Biotechnology industries, Food and Beverage industries, Forensics, and Diagnostic laboratories. Currently, the pharma and biotech industries are dominating the liquid chromatography market. This market share is attributed to the rapid growth of the industry itself and the tremendous amount of innovative biological products manufactured by these industries. Also, the food and beverage industry is seen to grow at a higher rate in the market in the forecast period, due to strict regulations for food quality and safety.
Liquid Chromatography Market by Region
Based on region, the global liquid chromatography market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW).
Asia-Pacific dominates the liquid chromatography devices market due to the increasing investments in biomedical industries, growing healthcare infrastructure, rising disposable incomes, and well-established domestic companies within the region.
North America is anticipated to witness significant growth during the forecast period due to the increasing investment by key players within the pharmaceutical and biotechnology industry and the development of the latest drugs to supply innovative treatment options within the region.
Competitive Landscape
Some of the prominent players operating in the liquid chromatography market are
Strategic Developments
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 9.7 billion |
|
Revenue forecast in 2030 |
USD 15.93 billion |
|
Growth Rate |
CAGR of ~5.4% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
Type, Technique, End-User |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global liquid chromatography market was anticipated to clock US$ 9.7 in 2021
The liquid chromatography market is projected to reach US$ 15.93 billion by 2030
The global liquid chromatography market is mainly driven by increased investments by research users and government bodies
Waters Corporation, Tosoh bioscience LLC, Hitachi Ltd., PerkinElmer, Inc., Thermo Fisher Scientific., Shimadzu Corporation, Agilent Technologies, and Merck KGaA among others
The growth rate of liquid chromatography market is CAGR of ~5.4% between 2022-2030
North America held the largest market share of the global liquid chromatography market
