[150+ Pages Research Report] According to the recent analysis research report; the global High-Performance Liquid Chromatography (HPLC) Market in 2020 was approximately USD 3.9 Billion. The market is expected to grow at a CAGR of 4.20% and is anticipated to reach around USD 7.0 Billion by 2027. Top market players are Waters (US), Agilent (US), Shimadzu (Japan), Thermo Fisher (US), PerkinElmer (US), GE Healthcare (US), Bio-Rad (US), Merck Millipore (Germany), Hitachi (Japan), Showa Denko (Japan), Gilson (US), Phenomenex (US), JASCO (US), Hamilton Company (US), SIELC (US), Orochem (US), YMC Co. Ltd. (Japan), Restek (US), Trajan Scientific (Australia), and Tosoh Bioscience LLC (Japan).
Overview of High-Performance Liquid Chromatography (HPLC) Market Study
High-Performance Liquid Chromatography (HPLC) market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
The adoption of HPLC instruments is expected to increase during the forecast period.
Rise in pharmaceutical, biotech, food, and agriculture research and development is sure to boost the HPLC market. Patented studies and growth in clinical trials will surely boost the market. The consumables market is also expected to rise at the highest CAGR during the forecast period.
The clinical research segment will grow at the highest rate during the forecast period.”
HPLC instrument is critical for clinical studies or research. It is required to determine inorganic impurities such as plant or animal proteins existing in pharmaceutical bulk materials or excipients orcatalysts.It is also used in the testing of organic compounds. Clinical research involvesevaluation studies of the developed drug. This calls for efficient analytical testing instruments like HPLC. Thus, a large market share is witnessed of this application which isfollowed by the use of HPLC in other application (analysis of cosmetics, environmental studies, food industry etc.).
“The market in North Americais projected to witness the highest growth rate during the forecast period (2020–2027).”
North America is expected to account for the largest share of the global HPLC market. Market growth in this region is driven primarily by the increase in the funding for R&D, a growing number of preclinical activities by CROs and pharmaceutical companies, and the increasing food and agricultural industry in Canada. On the other hand,AsiaPacific is projected to have the highest growth rate in the forecast period. The high growth rate of the Asian region can be attributed to factors such asextensive sales of biosimilars and generics in Japan, and the growth in the pharma and biotech sectors in India and China are some of the major factors driving the growth of the HPLC market in this region.
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The growth in this market is driven byHigh sensitivity and accuracy of the HPLC technique, the rising importance of HPLC tests in drug approvals,the growing popularity of hyphenated techniques, and increasing pharmaceutical R&D spending. However, the high cost of HPLC systems is expected to restrict market growth to a certain extent.
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COVID-19 Impact on High-Performance Liquid Chromatography (HPLC) Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the High-Performance Liquid Chromatography (HPLC) market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the High-Performance Liquid Chromatography (HPLC) market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the High-Performance Liquid Chromatography (HPLC) market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the High-Performance Liquid Chromatography (HPLC) market include: Waters (US), Agilent (US), Shimadzu (Japan), Thermo Fisher (US), PerkinElmer (US), GE Healthcare (US), Bio-Rad (US), Merck Millipore (Germany), Hitachi (Japan), Showa Denko (Japan), Gilson (US), Phenomenex (US), JASCO (US), Hamilton Company (US), SIELC (US), Orochem (US), YMC Co. Ltd. (Japan), Restek (US), Trajan Scientific (Australia), and Tosoh Bioscience LLC (Japan).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Clinical Research
- Other Applications
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The purpose of Nova one advisor’s High-Performance Liquid Chromatography (HPLC) market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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