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High-Performance Liquid Chromatography (HPLC) Market 2021 Size, Share, Trends, Revenue & Demand | Future Opportunities | Forecast upto 2027
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Market Overview
High-Performance Liquid Chromatography (HPLC) is the procedures used to separate, quantify, and identify components in each mixture. It is regarded as one of the most potent analytical chemistry tools, when compared to other chromatography techniques, this is quicker and accurate.
The worldwide HPLC market is expected to grow at a healthy CAGR. Some of the factors contribute to drive the growth of the HPLC market over the forecast period include greater sensitivity and accuracy compared to conventional chromatographic techniques. Moreover, an increase in the use of HPLC in pharmaceuticals for quality control testing and manufacturing, faster results and separation, technological advancement, and the rising number of medicines in both developing and developed countries also expected to boost the market growth over the forecast period. For instance: According to the FDA's "Center for Drug Evaluation and Research (CDER) Annual Report: New Drug Therapy Approvals 2019," the agency approved 48 novel drugs in 2019. Although this number does not approach the record of 59 approvals in 2018, it far surpasses the mere 22 approvals that occurred in 2016. While there were 53 approvals for novel drugs in 2020.
COVID-19 Impact
COVID-19 quickly spread and became an epidemic, affecting nearly every country and area on the planet. According to World Health Organization reports, the COVID-19 case death rate ranges from 1% to 7%. As the COVID-19 epidemic spreads and has the potential to affect global health, active treatment alternatives are desperately needed. Several drugs, including chloroquine, arbidol, remdesivir, and favipiravir, are currently being tested in clinical studies in several countries to determine their efficacy and safety in treating coronavirus disease. There is currently no gold standard for the treatment of COVID-19 due to a lack of evidence. However, in June 2020, liquid chromatography with mass spectrometry was used to measure remdesivir in the blood plasma of a COVID-19 patient, providing data on its efficacy as a SARS-CoV-2 treatment. It was one of the first treatments in the United States to be approved by the Food and Drug Administration.
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High-Performance Liquid Chromatography (HPLC) Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product, the market is primarily bifurcated into:
• Instruments
o Systems
o Detectors
• Consumables
o Columns
o Filters
• Accessories
Based on Product, the market is segmented into Instruments, Consumables, and Accessories. The Instruments segment leads the High-Performance Liquid Chromatography (HPLC) Market. The large share of the Instruments segment can be attributed to the competitive pricing offered by device manufacturers. In addition, technological advancements and growing acceptance of HPLC devices also boost the market growth over the forecast period.
By Application, the market is primarily studied into:
• Clinical Research
• Diagnostics
• Forensics
Based on Application, the High-Performance Liquid Chromatography (HPLC) market is segmented into Clinical Research, Diagnostics, and Forensics. The Clinical Research segment contributed the maximum market to the High-Performance Liquid Chromatography (HPLC) market. Increasing use of High-Performance Liquid Chromatography (HPLC) systems in clinical & pre-clinical pharma activities drives the market growth.
High-Performance Liquid Chromatography (HPLC) Market Region Segmentation Includes:
• North America
• Europe
• Asia Pacific
• Rest of World
Based on the estimation, North America dominated the market in 2020. Asia-Pacific is expected to witness the highest CAGR growth during the forecast period.
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The major players targeting the market includes:
• Thermo Fisher
• PerkinElmer
• GE Healthcare
• Bio-Rad Laboratories, Inc.
• Agilent Technologies, Inc.
• Hitachi
• Merck Millipore
• Waters Corporation
• Shimadzu Corporation
• Showa Denko
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the High-Performance Liquid Chromatography (HPLC) Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and advancements in the High-Performance Liquid Chromatography (HPLC) Market?
• Which factors are influencing High-Performance Liquid Chromatography (HPLC) Market over the forecast period?
• What are the global challenges, threats, and risks in the High-Performance Liquid Chromatography (HPLC) Market?
• Which factors are propelling and restraining the High-Performance Liquid Chromatography (HPLC) Market?
• What are the demanding global regions of the High-Performance Liquid Chromatography (HPLC) Market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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