High Performance Liquid Chromatography (HPLC) Market
High Performance Liquid Chromatography (HPLC) Market By Product Type (Instruments, Consumables, Columns, Filters, Vials, Tubes), By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), By End-User - Global Mraket Forecast 2020-2026
Global HPLC Market Analysis and Growth
This wide range of application of HPLC tests and techniques are anticipated to leverage the global HPLC market at a CAGR of 5.4% during the forecast period (2020-2026). The ongoing COVID-19 pandemic may have a moderate impact on the volumes of tests being conducted, owing to a large number of employees of key players working from home. HPLC techniques have also forayed into forensic sciences, wherein they are used to identify the presence of illegal and therapeutic drugs in body fluids or tissue samples.
HPLC test is a sophisticated and expensive analytical technique, widely used in food processing as well as clinical diagnosis of diseases or disorders. It is used for drug analysis, separation of molecules, and environmental control in the pharmaceutical industry.
HPLC Market Share Analysis by End User:
Collectively, Pharmaceutical & Biotechnology Industries and Diagnostic Laboratories segments shall expand at a CAGR of 5.7% each. Government initiatives to develop small-scale industries, as well as the entry of existing key players in emerging countries is anticipated to influence the pharmaceutical biotechnology industries growth. Rising prevalence of chronic diseases and the necessity for early intervention shall propel the diagnostic laboratories segment.
The Food & Beverages industry is anticipated to find maximum application of HPLC principles. Increasing consumer demand for nutritious food with better packaging is anticipated to propel the growth of the food and beverage industry across the forecast period. Projections indicate a positive CAGR of 5.6%. Anticipated market share for the food and beverages industries is estimated at roughly one-fifth.
Global HPLC Market Share Analysis by Region
Europe is anticipated to capture a substantial chunk of the global HPLC market, attributed to increasing investment by key players into the pharmaceutical and biotechnology industry, as well as government intervention in the field of environmental control and food safety. The European HPLC market is poised to capture nearly one-third of the overall market share, expanding at a CAGR of 4.4% throughout the forecast period.
Asia-Pacific is anticipated to be the most lucrative market for the expansion of the global HPLC market. A significant proportion of the expansion of the HPLC market in the Asia-Pacific is attributed to increasing investment by key players in clinical research and development of new drugs to provide innovative treatment options. Projected CAGR for the Asia-Pacific is 5.3% for the given forecast period.
HPLC Market Key Manufacturers
The global HPLC market comprises of the following players: Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Waters Corporation, GE Healthcare, Shimadzu Corporation, PerkinElmer Inc., Gilson, Inc., and Phenomax, Inc., to name a few. These companies have invested in strengthening their product portfolio and research and development operations.
Waters Corporation is a leading life sciences company which designs, develops and markets liquid chromatography instruments, such as the Alliance HPLC System which provides advanced solvent delivery capabilities. Similarly, Agilent Technologies specializes in three categories of HPLC systems: Analytical, Application-Specific and Preparative Systems.
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COVID-19 Market Insights:
The COVID-19 pandemic has generated massive shockwaves across all industries. Production and assembly lines have been disrupted, causing shortages in supply of commodities. However, companies have realized this and are making efforts to mitigate the crisis.
The leading players in the HPLC market consider the well-being of their staff of primary importance amidst the COVID-19 pandemic. Most players like Agilent Technologies have established business continuity plans (BCPs) to ensure that their production does not fall behind.
The BCPs cover the physical infrastructure of the site, supply-chain disruptions and logistics. The company has a diversified supply chain which helps guarantee surety of supply. While a large chunk of the workforce operates from home, there are a few workers who have to work on-site.
For them, additional precautionary measures are being taken by leading players such as increased cleaning and disinfection, screening and restricted access for visitors and availability of personal protective equipment.
“A wide range of applications, ranging from food diagnostics to forensic sciences, is anticipate to provide an impetus to the HPLC market. The ongoing COVID-19 pandemic shall generate mild tremors in the market, but overall it is anticipated to emerge unscathed in the aftermath. Europe and Asia-Pacific promise to generate lucrative growth prospects in the forecast period.”
An Adaptive Approach to Modern-day Research Needs
Global HPLC Market: Report Scope:
The recent study on the high performance liquid chromatography (HPLC) market by Fact.MR includes a 6-year forecast period, ranging from 2020 to 2026. The report explicates on vital dynamics impacting the growth of the HPLC market in the future, such as the drivers, opportunities and restraints.
The market has been studied in detail, providing a deep analysis of the associated segments. The HPLC market segmentation is done on the basis of product type and end-user.
A section on regional landscape has also been provided. The regional landscape has been mapped based on the following geographies: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Each region includes an analysis of the segments mentioned above.
Towards the end of the report, a competitive landscape detailing information regarding key market players’ revenue and market shares, product launches and collaborations has been provided. In order to provide a realistic picture, each player is provided with a SWOT analysis.
Global HPLC Market Segmentation
Fact.MR has studied the global HPLC market with detailed segmentation on the basis of product type, end-user, and geography.
By Product Type :
By End-User :
- Pharmaceutical & Biotechnology Industries
- Diagnostic Laboratories
- Food and Beverage Industry
- Academic and Research Institutes
- Others (Environmental, Forensic, Chemicals and Energy)
By Geography :
- North America
- Latin America
- Middle East & Africa
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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