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Top Market Shifts Transforming the Liquid Chromatography Instruments Market Landscape: Key Insights
Liquid Chromatography Instruments Market
What Is the Expected CAGR for the Liquid Chromatography Instruments Market Through 2025?
In recent times, there has been a steady increase in the market size of liquid chromatography instruments. The market, which was worth $5.45 billion in 2024, is projected to escalate to $5.71 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. This historical growth can be credited to several factors such as a surge in research related to biotechnology and pharmaceuticals, a heightened emphasis on food safety testing, a rise in applications within environmental monitoring, substantial investments by governments in research infrastructure, and the global expansion of the chemical industry.
What's the Projected Size of the Global Liquid Chromatography Instruments Market by 2029?
The market size for liquid chromatography instruments is anticipated to experience significant growth in the upcoming years, with expectations to reach $7.26 billion by 2029, growing at a compound annual growth rate of 6.2%. The projected growth during the forecast period is driven by the surge in the use of these instruments in metabolomics studies, the production of more compact and portable devices, adherence to regulatory standards in the pharmaceutical field, increasing usage in cannabis* testing, and a focus on precision medicine and personalized therapies. The forecast period will see trends such as ultra-high performance liquid chromatography, column technology advancements, growing automation, miniaturization and microfluidics, hybrid chromatography systems, and improvements in data management and connectivity.
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Top Growth Drivers in the Liquid Chromatography Instruments Industry: What's Accelerating the Market?
The ascension in life science and biotech sectors is anticipated to boost the expansion of the liquid chromatography instruments market. The use of liquid chromatography is widespread in these industries, with biochemists using it to refine peptides and proteins, and molecular biologists utilizing it to separate nucleic acids, oligonucleotides, and plasmids. Techniques like reverse-phase HPLC, which is commonly used for most biological samples, employ a polar mobile phase and a polar stationary phase. In a report from CBRE, a US-based real estate and investment firm, released in June 2022, there is a growing involvement of experts in life sciences research. The sector witnessed a 79% growth between 2001 and 2021, in contrast to an 8% growth across all jobs in the United States. In another report by the US-based accounting firm, BDO International, 64% of biotech CFO's are intending to augment their R&D budget for 2021. Consequently, the surge in life science and biotechnology sectors is set to fuel the expansion of the liquid chromatography instruments market.
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Which Fast-Growing Trends Are Poised to Disrupt the Liquid Chromatography Instruments Market?
Technological progression is a noteworthy trend emerging in the liquid chromatography instruments market. Key players in the market are concentrating on research and development to bring about innovative product offerings and maintain their market standings. For example, FreeCast, in October 2024, initiated a service named YouBundle, targeted at simplifying the coordination of streaming subscriptions for users. YouBundle allows users to customize their streaming video service packages, which enables them to manage their subscriptions and consolidate costs into one monthly payment. The service integrates top subscription video-on-demand services (like Netflix and Disney+), virtual pay-TV options (such as YouTube TV and Sling TV), and local broadcasting networks. Moreover, it offers access to a broad range of ad-supported and pay-per-view TV episodes and films.
What Are the Main Segments in the Liquid Chromatography Instruments Market?
The liquid chromatography instruments market covered in this report is segmented -
1) By Type: High Performance Liquid Chromatography (HPLC), Ultra High Pressure Liquid Chromatography (UHPLC), Low Pressure Liquid Chromatography (LPLC), Fast Protein Liquid Chromatography (FPLC)
2) By Application: Clinical Diagnostics, Environmental Testing, Food And Beverage Analysis, Forensic Tests, Life Sciences
3) By End-User: Academics And Research Institutes, Pharmaceutical Companies, Hospitals, Agriculture Industry, Other End-User
Subsegments:
1) By High Performance Liquid Chromatography (HPLC): Reverse Phase HPLC, Normal Phase HPLC, Ion-Exchange HPLC, Size Exclusion HPLC
2) By Ultra High Pressure Liquid Chromatography (UHPLC): Ultra-Fast LC, Core-Shell Particle LC, Sub-2 Micron Particle LC
3) By Low Pressure Liquid Chromatography (LPLC): Gel Filtration Chromatography, Ion-Exchange Chromatography, Affinity Chromatography
4) By Fast Protein Liquid Chromatography (FPLC): Ion-Exchange FPLC, Affinity FPLC, Size Exclusion FPLC
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Which Top Companies are Driving Growth in the Liquid Chromatography Instruments Market?
Major companies operating in the liquid chromatography instruments market include 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, 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 Geräte 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.
Which Regions Will Dominate the Liquid Chromatography Instruments Market Through 2029?
North America was the largest region in the liquid chromatography instruments market in 2024. 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
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