PUBLISHER: The Business Research Company | PRODUCT CODE: 1409573
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409573
“Liquid Chromatography Instruments Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on liquid chromatography instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquid chromatography instruments? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The liquid chromatography instruments market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Liquid chromatography instruments are mechanical devices employed to conduct liquid chromatography, a technique focused on separating a sample into its constituent parts based on interactions with the mobile and stationary phases.
The primary types of liquid chromatography instruments include high-performance liquid chromatography (HPLC), ultra-high pressure liquid chromatography (UHPLC), low-pressure liquid chromatography (LPLC), and fast protein liquid chromatography (FPLC). HPLC, for instance, involves pumping a sample mixture or analyte in a solvent (the mobile phase) at high pressure through a column with the stationary phase. These instruments find application in various fields, including clinical diagnostics, environmental testing, food and beverage analysis, forensic testing, and life sciences. End-users of liquid chromatography instruments span academics and research institutes, pharmaceutical companies, hospitals, the agriculture industry, and other sectors.
The liquid chromatography instruments market research report is one of a series of new reports from The Business Research Company that provides liquid chromatography instruments market statistics, including liquid chromatography instruments industry global market size, regional shares, competitors with a liquid chromatography instruments market share, detailed liquid chromatography instruments market segments, market trends and opportunities, and any further data you may need to thrive in the liquid chromatography instruments industry. This liquid chromatography instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The liquid chromatography instruments market size has grown strongly in recent years. It will grow from $5.19 billion in 2023 to $5.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to factors such as the rise in pharmaceutical and biotechnology research, an increased focus on food safety testing, growing applications in environmental monitoring, government investments in research infrastructure, and the globalization of the chemical industry.
The liquid chromatography instruments market size is expected to see strong growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to increased utilization in metabolomics studies, the development of compact and portable instruments, regulatory compliance in pharmaceuticals, rising adoption in cannabis testing, and a focus on precision medicine and personalized therapeutics. Major trends expected in the forecast period include ultra-high-performance liquid chromatography, advancements in column technologies, increasing automation, miniaturization and microfluidics, hybrid chromatography systems, and advancements in data management and connectivity.
The liquid chromatography instruments market is poised for growth, driven by the increasing prevalence of life science and biotechnological industries. Liquid chromatography is a widely employed technique in these industries, utilized by biochemists for purifying peptides and proteins, and by molecular biologists to isolate nucleic acids, oligonucleotides, and plasmids. The rise in life sciences research is evident in the growth of experts in the field, increasing by 79% from 2001 to 2021, compared to an 8% growth across all jobs in the United States. Additionally, a BDO International survey in 2021 revealed that 64% of biotech CFOs plan to increase R&D spending, indicating a robust expansion in the life science and biotechnological sectors. This growth is expected to drive the liquid chromatography instruments market.
The growth of the liquid chromatography instruments market is the increasing incidence of chronic diseases. Chronic diseases, characterized by long-term health conditions requiring ongoing medical management, necessitate advanced analytical tools for diagnostics, research, and treatment. Liquid chromatography instruments play a crucial role in the healthcare sector in addressing these needs. For instance, the American Cancer Society reported an anticipated 1.9 million new cancer cases and 609,360 cancer deaths in the United States in 2022. The rising cases of chronic diseases, exemplified by cancer, underscore the importance of liquid chromatography instruments in the market.
The liquid chromatography instruments market is witnessing the trend of technological advancements. Key market players are investing in research and development to innovate products and maintain their market positions. In June 2021, Waters Corporation introduced the Waters Arc Premier System, a liquid chromatography system with HPS technology designed for chromatographic separations. This technology, in conjunction with MaxPeak High-Performance Surface (HPS) technology, practically eliminates surface contacts between sample analytes and instrument hardware, enhancing efficiency and confidence in separation results.
Companies in the liquid chromatography instruments market are also focusing on developing intelligent high-performance liquid chromatography (HPLC) systems to meet growing customer bases and increase revenue. An intelligent HPLC system is equipped with smart technologies to enhance automation, precision, and efficiency in the analytical process. In March 2023, Waters Corporation launched the Alliance iS HPLC System, featuring advanced proactive error detection, troubleshooting capabilities, and user-friendly design. The system, coupled with compliance-ready software and columns, reduces errors by up to 40%, contributing to improved quality control outcomes in laboratories.
In January 2022, Bruker Corporation acquired Prolab Instruments GmBH for $5.7 million, aiming to enhance research and development capabilities for product innovation. The acquisition enables Bruker Corporation to bring mobile injection unit technology to market, particularly benefiting key applications such as single-cell proteomics and lipidomics. Prolab Instruments GmBH, a Switzerland-based laboratory instrument manufacturer, adds to Bruker Corporation's capabilities in the scientific instruments domain.
Major companies operating in the liquid chromatography instruments market report are Japan Spectroscopic Corporation, PerkinElmer Inc., Hitachi High-Tech Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Agilent Technologies, Shimadzu Corporation, AB SCIEX, Bruker Corporation, Thermo Fisher Scientific Inc., Phenomenex Inc., GE HealthCare Technologies Inc., Merck KGaA, Hamilton Company, Gilson Incorporated, Yamamura Chemical Research Institute Co. Ltd., Trajan Scientific and Medical Pty Ltd., Restek Corporation, Showa Denko K.K., SIELC Technologies Inc., Orochem Technologies Inc., Tosoh Corporation, GL Sciences Inc., KNAUER Wissenschaftliche Gerate GmbH, Sepax Technologies Inc., Daicel Corporation, Mitsubishi Chemical Corporation, Agela Technologies Inc., Advanced Materials Technology Inc., Chrom Tech Inc., EMD Millipore Corporation, Hichrom Limited, Imtakt Corporation, Kinesis Ltd., MAC-MOD Analytical Inc., Regis Technologies Inc., VWR International LLC, W.R. Grace & Co
North America was the largest region in the liquid chromatography instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the liquid chromatography instruments market report during the forecast period. The regions covered in the liquid chromatography instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the liquid chromatography instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The liquid chromatography instruments market consists of sales of solvent inlet filters, pumps, inline solvent filters, injection valves, pre-column filters, columns, detectors, recorders, backpressure regulators, and waste reservoirs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.