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High Performance Liquid Chromatography Market Growth Accelerates: Strategic Forecast Predicts $6.51 Billion by 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Will the High Performance Liquid Chromatography Industry Market Size Be by 2025?
In recent times, the market size for high performance liquid chromatography has exhibited steady growth. It's predicted to rise from $4.83 billion in 2024 to $5.11 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%. This expansion in the historical span can be ascribed to a surge in demand from the pharmaceutical industry, the need for quality control and safety in food, adherence to environmental monitoring and regulations, along with automation and improvement in workflow.
What's the Long-Term Growth Forecast for the High Performance Liquid Chromatography Market Size Through 2029?
We can expect a robust expansion of the high performance liquid chromatography market in the upcoming years, with projections indicating it will reach $6.52 billion in 2029, boasting a compound annual growth rate (CAGR) of 6.3%. This predicted growth during the forecasted period can be attributed to several factors such as increased utilization in biotechnology and life sciences, heightened emphasis on food safety and analysis, the pursuit of automation and integration in labs, higher demand from contract research organizations (CROs) and analytical labs, and a focus on compliance and standardization. Noteworthy market trends throughout the forecasted period include the rise in biotech applications, an intensified concentration on food safety and analysis, efforts towards environmental monitoring and analysis, a shift towards automatic, integrated systems and an escalation in the need for analytical services.
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What Are the Key Growth Drivers Fueling the High Performance Liquid Chromatography Market Expansion?
The escalating incidences of chronic ailments are anticipated to fuel the expansion of the high-performance liquid chromatography market. Chronic illnesses such as cancer, heart disease, stroke, arthritis, and diabetes typically necessitate extended periods of medical care. High-performance liquid chromatography (HPLC) plays a vital role in the analysis of drugs to verify their genuineness, supply quantitative information, and monitor the improvement of disease treatment. It also contributes to enriching the comprehension of regular and pathological proceedings within the human body, facilitated by biological and therapeutic exploration before the sanctioning of medicines, consequently augmenting the market development. For instance, data from the World Health Organization, a United Nations specialized agency based in Switzerland, stated in September 2023 that out of the global annual deaths of 41 million, 74% were due to non-communicable diseases (NCDs) or chronic diseases. The statistics showed cardiovascular diseases accounting for 17.9 million deaths, 9.3 million lost to cancer, chronic respiratory diseases causing 4.1 million deaths, and diabetes leading to 2.0 million deaths. As such, the rising prevalence of chronic diseases is driving the surge in the high-performance liquid chromatography market.
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What Are the Key Trends Driving High Performance Liquid Chromatography Market Growth?
Technological innovation is a prevalent trend in the high-performance liquid chromatography market. Leading companies in the sector are creating sophisticated HPLC technologies, including integrated and ultra-high performance liquid chromatography (UHPLC) techniques, in addition to dual-injection, multidimensional, and intermediate pressure systems. This broadens the applicability of the method in various research endeavors. For example, in March 2023, US-based firm Waters Corporation introduced the Alliance iS, a smart HPLC system designed to increase accuracy, user-friendliness, and reduce regulatory risks. This forward-thinking system incorporates proactive error detection and mitigation, leading to a notable reduction, up to 40%, in common mistakes. When used in conjunction with Waters' Empower Chromatography Software and eConnect HPLC Columns, the Alliance iS simplifies the process of making accurate measurements. This development is especially favorable for Quality Control (QC) labs, as it ensures routine conformation to quality, safety, and compliance requirements, thus promoting punctual product delivery objectives.
How Is the High Performance Liquid Chromatography Market Segmented?
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 Beverage Companies, Hospitals And Clinics, Environmental Agencies, Other End Users
Subsegments:
1) By Instruments: HPLC Systems, Pumps, Detectors, Columns
2) By Consumables: Chromatography Columns, Solvents, Sample Vials, Filters
3) By Accessories: Autosamplers, Degassers, Temperature Control Devices, Flow Cells
4) By Software: Data Analysis Software, Method Development Software, Instrument Control Software
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Which Companies Are Leading the Charge in High Performance Liquid Chromatography Market Innovation?
Major companies operating in the high performance liquid chromatography market include 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., Valco Instruments Co. Inc., Spark Holland B.V., Teledyne Tekmar, Analytik Jena AG, Imtakt Corporation, Chromsystems Instruments & Chemicals GmbH, Advion Inc.
Which Regions Are Leading the Global High Performance Liquid Chromatography Market in Revenue?
North America was the largest region in the high performance liquid chromatography market analysis in 2024. Asia-Pacific is expected to be the fastest-growing region in the high performance liquid chromatography market during the forecast period. The regions covered in the high performance liquid chromatography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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