Global High-Performance Liquid Chromatography Market Size, Share, Growth Analysis, By Product, By Application, By End - User - Industry Forecast 2024-2031

Global High-Performance Liquid Chromatography Market size was valued at USD 4.77 billion in 2022 and is poised to grow from USD 5.06 billion in 2023 to USD 8.06 billion by 2031, growing at a CAGR of 6% during the forecast period (2024-2031).

Due to improvements in high-performance liquid chromatography (HPLC) techniques, which increase the dependability and resilience of liquid chromatography operations, the market is anticipated to grow. Notably, modern HPLC systems include improved features that support their application in a variety of study disciplines, such as multidimensional capabilities, dual-injection mechanisms, and intermediate pressure options. The COVID-19 pandemic has also accelerated the use of HPLC equipment, which has been crucial in the development of new treatments, vaccinations, and reliable virus diagnostic methods. An example of this can be seen in a research that was published in the Microchemical Journal in October 2021 and revealed a novel HPLC-based technique for the analysis of favipiravir, a newly developed COVID-19 antiviral. Moreover, given the growing concerns over SARS-CoV-2 mutations, HPLC's epidemiological uses in identifying viral proteins associated with newly developing viral serotypes are anticipated to gain momentum, which would accelerate market growth. Furthermore, it is expected that the new release of several liquid chromatography method development systems and related software will streamline operations and increase HPLC system efficiency. One such example is the partnership between Thermo Fisher Scientific, Inc. and ChromSword, which resulted to the August 2021 unveiling of the Thermo Fisher Vanquish HPLC and UHPLC method development system. Similarly, Shimadzu Corporation introduced LabSolutions MD in April 2022; this software was created especially for HPLC platforms to help with the creation of analytical methods. These new product releases are expected to boost HPLC systems' market share and encourage market growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global High-Performance Liquid Chromatography Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global High-Performance Liquid Chromatography Market Segmental Analysis

Based on product, application, end-user, and geographic factors, the global market for high-performance liquid chromatography is divided into segments. The market is divided into product categories such as instruments, HPLC systems, pumps, detectors, consumables & accessories, columns (reverse-phase, normal-phase, Ion Exchange, size exclusion, and other HPLC columns), filters, vials, tubes, other, software, and so on. Clinical research applications, diagnostic applications, forensic applications, and other applications make up the market's application segments. The market is divided into academic & research institutions, pharmaceutical & biotechnology businesses, and other end-user segments. The market is divided into North America, Europe, Latin America, Asia-Pacific, the Middle East, and Africa based on geographic regions.

Drivers of the Global High-Performance Liquid Chromatography Market

The need for high-performance liquid chromatography (HPLC) systems for drug analysis, quality control, and research and development is driven by the expansion of the pharmaceutical and biopharmaceutical industries.

Restraints in the Global High-Performance Liquid Chromatography Market

Because HPLC procedures need specific training and experienced operators, they are not widely available and may result in higher operating expenses.

Market Trends of the Global High-Performance Liquid Chromatography Market

Analytical skills are improved by combining HPLC with mass spectrometry (LC-MS) and other hyphenated technologies. This results in more thorough information and improved sensitivity.