Press release
Liquid Chromatography Market to Reach US$ 12.4 Billion by 2031, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
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Market Statistics
• Market size: US$ 8.3 billion in 2024
• Forecast value: US$ 12.4 billion by 2031
• CAGR: 5.7% (2024-2031)
• Forecast period: 2024-2031
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Technique Type
HPLC, Ion Chromatography, Flash, Membrane, Other Techniques
By Component Type
Instrument/Skid, Consumables, Software, Other Components
By System Type
Single-Use Systems, Multi-Use Systems
By End-Use Industry Type
Pharmaceutical, Biotechnology, Academic, Chemicals, Environmental Testing, CROs, Government Research, Hospitals & Clinical Trials, Agricultural, Food & Beverages, Other Industries
By Region
North America, Europe, Asia-Pacific, Rest of the World
Segment Analysis
In technique type, High-Performance Liquid Chromatography (HPLC) dominates due to its unmatched analytical versatility and ability to deliver high resolution and sensitivity across diverse compounds, making it essential for critical quality control and research applications. Its broad applicability across pharmaceuticals, diagnostics, food safety, and environmental testing cements its market leadership and encourages instrument makers to prioritize HPLC innovations.
Under component type, instrument/skid remains dominant because these physical systems - including pumps, detectors, autosamplers, and columns - are core to performing chromatography workflows in laboratories. However, software is the fastest-growing segment as modern laboratories demand advanced data analysis, automation, and regulatory compliance, creating opportunities for software solution providers to enhance analytical throughput and traceability.
For system type, multi-use systems hold the largest share given their flexibility, precision, and reproducibility for varied analytical needs. Meanwhile, single-use systems are the fastest growing, driven by biopharma adoption for reduced contamination risk and faster deployment, prompting suppliers to tailor solutions for modular and disposable workflows.
In end-use industries, the pharmaceutical sector is the largest contributor to market demand as LC techniques are indispensable across drug discovery, impurity profiling, stability testing, and regulatory submissions. This deep reliance by pharmaceuticals ensures steady revenue streams for chromatography technology providers.
Regional Insights
North America is the dominant region in the liquid chromatography market, supported by a well-established pharmaceutical and biotechnology ecosystem, advanced research infrastructure, and stringent regulatory requirements that drive high adoption of sophisticated LC systems. Robust R&D investment and presence of leading analytical instrument manufacturers further reinforce this leadership position.
Asia-Pacific is the fastest-growing region, propelled by rapid economic growth, expanding healthcare infrastructure, increasing pharmaceutical manufacturing, and rising investment in research capabilities. Government initiatives to strengthen biotech sectors and heightened environmental and food safety testing bolster broader liquid chromatography adoption in this region.
Market Drivers
• Growing pharmaceutical and biotechnology industries demanding precise analytical tools for drug development and quality assurance.
• Rising R&D activities in academic, government, and industrial labs expanding analytical testing needs.
• Regulatory emphasis on product safety and environmental quality prompting extensive use of LC methods.
• Technological advancements enhancing sensitivity, throughput, and automation in LC systems.
• Increasing contract research and testing services outsourcing driving demand for advanced analytical platforms.
Competitive Landscape
Top Companies in the Market
• Thermo Fisher Scientific Inc.
• Waters Corporation
• Danaher Corporation
• Agilent Technologies, Inc.
• Shimadzu Corporation
FAQs
1. What is the projected market size for the liquid chromatography market in 2031?
The market is expected to reach US$ 12.4 billion by 2031.
2. What CAGR will the liquid chromatography market achieve through 2031?
The market is forecast to grow at a CAGR of 5.7% from 2024 to 2031.
3. Which technique type leads the liquid chromatography market?
High-Performance Liquid Chromatography (HPLC) is the dominant technique type given its versatility and analytical precision.
4. What is driving the software component segment growth?
Rising demand for advanced data analysis, automation, and regulatory compliance is accelerating growth in chromatography software.
5. Which region is fastest growing in the global liquid chromatography market?
Asia-Pacific is the fastest-growing region due to expanding healthcare infrastructure and increased analytical testing needs.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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