High Performance Liquid Chromatography Global Market Report 2024 - By Drivers, Size, Share, Growth, Forecast To 2033

The high performance liquid chromatography market size has grown strongly in recent years. It will grow from $4.61 billion in 2023 to $4.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased demand from pharmaceutical industry, pharmaceutical industry demand, food safety and quality control needs, environmental monitoring and regulation compliance, automation and workflow optimization.

The high performance liquid chromatography market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising applications in biotechnology and life sciences, growing importance in food safety and analysis, automation and integration in laboratories, demand from contract research organizations (cros) and analytical labs, emphasis on compliance and standardization.. Major trends in the forecast period include rise in biotechnology applications, growing focus on food safety and analysis, environmental monitoring and analysis, shift towards automated and integrated systems, rising demand for analytical services.

Market Overview -
High-performance liquid chromatography (HPLC) is a technique for separating the components of a mixture and identifying and quantifying each component. The HPLC is utilized in the quantitative determination of plasma levels of drugs and their metabolites. This is especially crucial for the creation of novel medications and for the supervision of therapy.

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Rising Prevalence Of Chronic Diseases As A Key Driver For High-Performance Liquid Chromatography (HPLC) Market Growth
An increase in the prevalence of chronic diseases is expected to propel the growth of the high-performance liquid chromatography market going forward. Chronic diseases such as cancer, heart disease, stroke, diabetes, and arthritis are diseases that often last for a longer time and require more medical attention. High-performance liquid chromatography (HPLC) analyzes any medications to validate their identity, provide quantitative data, and track the progress of illness therapy. It may also be utilized to advance the understanding of normal and pathological processes in the human body through biological and therapeutic research prior to medication licensing which in turn is boosting the growth of the market. For instance, in 2021, according to the Chronic Disease Burden Report 2021, published by the Pennsylvania Department of Health, a US-based government institution in charge of administering and regulating healthcare services, every year, over 659,000 Americans die because of heart disease, accounting for roughly one-quarter of all deaths in the country. Medical costs for heart disease and stroke are estimated to be around $200 billion per year, with lost productivity on the job costing around $131 billion. Cancer is the second largest cause of death in the United States, after heart disease. Every year, around 1.6 million individuals are diagnosed with cancer, and 600,000 people die from it. The cost of cancer treatment is expected to reach $174 billion by 2020. Therefore, the increase in the prevalence of chronic diseases is driving the growth of the high-performance liquid chromatography market.

Competitive Landscape -
Major companies operating in the high performance liquid chromatography market report are Waters Corporation, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Shimadzu Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., Gilson LLC, Danaher Corporation, Sartorius AG, Tosoh Bioscience GmbH, JASCO Inc., IDEX Health & Science LLC, Bruker Corporation, Orochem Technologies Inc., Merck KGaA, Restek Corporation, Knauer GmbH, GL Sciences Inc., Hitachi High-Tech Corporation, Cecil Instruments Limited, SCION Instruments, YMC Co. Ltd., KNAUER Wissenschaftliche Geräte GmbH, Valco Instruments Co. Inc., Spark Holland B.V., Teledyne Tekmar, Xylem Inc., Analytik Jena AG, Imtakt Corporation, Chromsystems Instruments & Chemicals GmbH, Advion Inc. .

Technological Advancements In High-Performance Liquid Chromatography (HPLC)
Technological advancements are the key trend gaining popularity in the high-performance liquid chromatography market. Major companies operating in the market are developing advanced HPLC technologies such as integrated high-performance liquid chromatography (HPLC) and ultra-high performance liquid chromatography (UHPLC) capabilities, as well as other HPLC systems that provide dual-injection systems, multidimensional capabilities, and intermediate pressure alternatives, increasing the technique's utility for a wide range of research applications. For instance, in March 2023, Waters Corporation, a US-based analytical laboratory instrument and software company, unveiled the Alliance iS, an intelligent high-performance liquid chromatography (HPLC) system designed to enhance accuracy and ease of use while reducing compliance risks. This next-generation system introduces proactive error detection and troubleshooting features, significantly decreasing common errors by up to 40%. When paired with Waters' Empower Chromatography Software and eConnect HPLC Columns, the Alliance iS streamlining the process of making precise measurements. This innovation is particularly beneficial for Quality Control (QC) laboratories, ensuring consistent adherence to quality, safety, and compliance standards and ultimately supporting on-time product delivery goals.

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Key Segments -
The high performance liquid chromatography market covered in this report is segmented -
1) By Product: Instruments, Consumables, Accessories, Software
2) By Application: Clinical Research, Diagnostics, Forensic, Other Applications
3) By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Food And Bevarage Companies, Hospitals And Clinics, Environmental Agencies, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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