Global High-performance Liquid Chromatography Market By Product (instruments, Systems, Detectors, Pumps, Fraction Collectors, Consumables And Accessories) And Application (clinical Research, Diagnostics, Forensics And Other Applications) – Global Industry Analysis And Forecast To 2023
High Performance Liquid Chromatography Market Industry Outlook and Trend Analysis
The High-performance Liquid Chromatography Market was worth USD 2.88 billion in 2014 and is expected to reach approximately USD 4.55 billion by 2023, while registering itself at a compound annual growth rate CAGR of 5.21% during the forecast period. High-performance liquid chromatography is a diagnostic procedure used to separate, identify, and measure every part in a mixture. In this method, pressurized fluid solvent containing the sample is pumped through a section stuffed with strong spongy material. Stream rates of the components in the sample changes in contact with strong retentive material, consequently prompting separation of the components. The high-performance liquid chromatography method is used in medical, manufacturing, petroleum, and research ventures. It carries several benefits in the field of food analysis and furthermore in the investigation of a few fat dissolvable vitamins. HPLC is likewise use in DNA fingerprinting and bioinformatics.
Drivers and Restraints: Increasing adoption of high-performance liquid chromatography in different enterprises and ascend in significance in drug approvals drive this market. Besides, technological progressions in liquid chromatography and expanded affectability and exactness of high-performance liquid chromatography are anticipated to boost the market development. Nonetheless, absence of skilled professionals in the business and high expense of fluid chromatography equipment may block this development. Because of the expanding interest for HPLC systems in pharmaceutical, diagnostic and life sciences enterprises, producers are focusing on creating propelled solutions which will help researchers in excellent investigation. Nonetheless, the high expenses of HPLC systems can impede the market development in coming years.
Market Segmentation: The High-performance Liquid Chromatography Market is segmented on the basis of product and application. Based on product the market is segmented into consumables, instruments, and accessories. Instruments are further categorized into pumps, detectors, systems, and fraction collectors. Based on application, it is divided into diagnostics, clinical research, forensics, and others.
Regional Outlook and Trend Analysis
In 2016, North America was seen as the biggest high performance liquid chromatography market. The strength of North America is primarily ascribed to the existence of key drivers, for example, stringent administrative standards endorsed by USFDA to guarantee food and drug quality, presence of well-established government supported research focuses leading in drug development and discovery, and existence of leading players fabricating high performance liquid chromatography products. The market development in Europe is principally ascribed to increment in aged populace enduring with chronic ailments requiring compelling medication treatment regimen and strong administrative condition for high performance liquid chromatography.
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The leading players in the market are GE Healthcare, Waters Corporation, Gilson Inc, Shimadzu Corp, Phenomenex, Agilent Technologies, Bio-Rad Laboratories, Thermo Fisher Scientific and PerkinElmer. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
- Clinical Research
- Other Applications
The High-performance Liquid Chromatography Market is segmented on the basis of regions as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
High-performance Liquid Chromatography Market Report Highlights
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2026, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2025
- Market opportunities and recommendations for new investments
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- Further breakdown of the North American data-wrangling Market
- Further breakdown of the European Market
- Further breakdown of the APAC Market
- Further breakdown of the MEA Market
- Further breakdown of the Latin American Market
Please note that owing to the criticality of the High-performance Liquid Chromatography Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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