European HPLC Market to Capture 1/3rd of Global HPLC Market Share by 2026

This wide array of applications are anticipated to bolster prospects for the global high performance liquid chromatography market during the forecast period (2020-2026). Anticipated CAGR during this period is pegged at 5.4%. High Performance Liquid Chromatography (HPLC) is a highly sophisticated and an expensive technique, used to separate and identify various compounds in liquids and tissues.

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HPLC techniques have been widely used in food processing, clinical diagnosis and forensic sciences. The technique is commonly used for drug analysis, separation of molecules and environmental control. The recent COVID-19 pandemic is poised to moderately impact testing volumes due to a number of the key companies’ employees practicing social distancing. Nevertheless, overall growth prospects shall remain positive.

Key Takeaways of Global HPLC Market Study:

By product type, the instruments segment is poised to be leveraged the maximum in the global HPLC market. This is attributed to the reduction in the usage of detectors and pumps in favor of more accurate and precise instruments. The segment is anticipated to capture more than 2/5th of the overall market.

By end-users, pharmaceutical & biotechnology industry and diagnostic laboratories segments shall grow at a CAGR of 5.7% each, burgeoned by increased government initiatives to fund small-scale industries and entry of existing market players and the rising prevalence of chronic diseases.

The food and beverage industry shall expand rapidly, owing to the increasing demand for nutritious food and better packaging. The segment is poised to expand 1.4x, capturing more than 1/5th of the global HPLC market.

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By region, Europe is anticipated to capture nearly one-third of the global HPLC market, growing at a CAGR of 4.4%. Increasing investments by key players in the pharmaceutical and biotechnology industry, as well as government intervention in the field of environmental control and food safety is poised to leverage the region’s growth.

Asia-Pacific shows promising growth prospects. This is attributed to increasing investments by key players in clinical research and development of new drugs to provide innovative treatment options. A CAGR of 5.3% is predicted for the region.

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.

Product Type
Instruments

Consumables:
Columns
Filters
Vials
Tubes
Accessories

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End-User
Pharmaceutical & Biotechnology Industries
Diagnostic Laboratories
Food and Beverage Industry
Academic and Research Institutes
Others (Environmental, Forensic, Chemicals and Energy)

Global HPLC Market: Research and Development Initiatives to Define Competition Landscape

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.

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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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This release was published on openPR.