Market Size of High-Performance Liquid Chromatography (HPLC) Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5 Billion |
| Market Size (2029) | USD 6.20 Billion |
| CAGR (2024 - 2029) | 4.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High-Performance Liquid Chromatography (HPLC) Market Analysis
The High-Performance Liquid Chromatography Market size is estimated at USD 5 billion in 2024, and is expected to reach USD 6.20 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).
Factors such as advancements in HPLC technologies and the surge in usage of HPLC in pharmaceutical and bio-pharmaceutical companies are expected to drive the market's growth during the forecast period. For instance, according to the study published in the Global Journal of Medical Pharmaceutical and Biomedical Update in September 2023, high-performance liquid chromatography (HPLC) analyzes unknown compounds, providing faster resolution times, superior peak shapes, consistent responses, and enhanced precision. The benefits associated with HPLC in identifying new compounds are anticipated to increase its adoption for research applications, bolstering the market growth.
Also, according to the study published in Pharmacological Reports in March 2023, the high-performance liquid chromatography with fluorescence detection (HPLC-FLD) method presents benefits such as reduced analysis costs and increased equipment availability compared to liquid chromatography-mass spectrometry (LC-MS). Therefore, the advantages of HPLC over other analytical techniques, such as low cost and increased availability of equipment, are anticipated to increase its adoption, thereby propelling the market growth.
Moreover, several key market players have also been interested in developing and manufacturing innovative HPLC-based systems for various laboratory functions, including diagnostics. For instance, in February 2022, Shimadzu Corporation launched the Nexera XS inert high-performance liquid chromatograph globally. The Nexera XS inert incorporates rust-resistant materials and nonmetallic materials that limit the adsorption of molecules to provide stable measurements of biopharmaceuticals and medium molecule pharmaceuticals. Such launches are expected to propel market growth during the forecast period.
Therefore, advancements in HPLC technologies, the benefits of HPLC over other analytical techniques in identifying new compounds, and the surge in HPLC usage in pharmaceutical and biopharmaceutical companies are expected to drive the market's growth. However, the lack of skilled personnel and the high cost of HPLC systems will likely hinder the market's growth during the forecast period.
High-Performance Liquid Chromatography Industry Segmentation
As per the report's scope, high-performance liquid chromatography (HPLC) is used to separate, identify, and quantify the components in a given mixture. HPLC is one type of column chromatography in which the components are separated using solubility.
The high-performance liquid chromatography (HPLC) market is segmented by product type, application, end user, and geography. By product type, the market is segmented into instruments, consumables, and accessories. By instruments, the market is segmented into systems, detectors, pumps, and other instruments. By application, the market is segmented into protein expression, cloning, and other applications. By end user, the market is segmented into pharma biopharmaceutical companies, contract research organizations, and academic institutions. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.
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| Cloning | |
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| Pharma Bio-pharmaceutical Companies | |
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| Academic Institutions |
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High-Performance Liquid Chromatography (HPLC) Market Size Summary
The high-performance liquid chromatography (HPLC) market is poised for significant growth, driven by technological advancements and increased adoption in pharmaceutical and biopharmaceutical sectors. The market is characterized by the development of innovative HPLC systems and consumables, which enhance the efficiency and accuracy of analytical processes. Key players are actively investing in research and development to introduce advanced HPLC techniques and systems, such as the Nexera XS inert and Alliance iS, which offer improved precision and compliance features. These innovations are expected to bolster the market's expansion, as they address the growing need for accurate and efficient analytical solutions in various laboratory applications.
The market's growth is further supported by the benefits of HPLC over other analytical techniques, such as cost-effectiveness and equipment availability. The increasing demand for HPLC in research applications, particularly in the identification of new compounds, is anticipated to drive market adoption. However, challenges such as the lack of skilled personnel and the high cost of HPLC systems may impede growth. Despite these challenges, the market is expected to thrive due to the rising necessity for advanced chromatographic techniques and the strategic initiatives undertaken by key market players. The fragmented nature of the market, with numerous global and regional companies, contributes to a competitive landscape, fostering continuous innovation and development.
High-Performance Liquid Chromatography (HPLC) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Advancements in HPLC Technologies
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1.2.2 The Surge in Usage of HPLC in Pharmaceutical and Biopharmaceutical Companies
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1.3 Market Restraints
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1.3.1 High Cost of the HPLC Systems
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1.3.2 Lack of Skilled Professionals
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD)
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2.1 By Product Type
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2.1.1 Instruments
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2.1.1.1 Systems
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2.1.1.2 Detectors
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2.1.1.3 Pumps
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2.1.1.4 Other Instruments
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2.1.2 Consumables
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2.1.3 Accessories
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2.2 By Application
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2.2.1 Protein Expression
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2.2.2 Cloning
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2.2.3 Other Applications
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2.3 By End User
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2.3.1 Pharma Bio-pharmaceutical Companies
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2.3.2 Contract Research Organizations
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2.3.3 Academic Institutions
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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High-Performance Liquid Chromatography (HPLC) Market Size FAQs
How big is the High-Performance Liquid Chromatography Market?
The High-Performance Liquid Chromatography Market size is expected to reach USD 5 billion in 2024 and grow at a CAGR of 4.45% to reach USD 6.20 billion by 2029.
What is the current High-Performance Liquid Chromatography Market size?
In 2024, the High-Performance Liquid Chromatography Market size is expected to reach USD 5 billion.
