The global High-performance Liquid Chromatography (HPLC) Market Growing prevalence of chronic and acute diseases worldwide, increasing applications of the HPLC technique in pharmaceutical and biotechnological research & development activities owing to their high accuracy, efficacy, and faster results, increasing government investments in the life sciences industry, and growing number of pre-clinical and clinical trials of new drugs and therapeutics are key factors expected to drive market revenue growth over the forecast period.
HPLC process is basically used in various end-use industries such as food, biotechnology, pharmaceutical, and more. In the pharmaceutical industry, HPLC is used at every phase of the drug discovery and drug development process. It is used to examine the ingredients of drug products qualitatively and quantitatively during the manufacturing process. Rising focus on precise diagnostics and growing acceptance of chromatographic approach as a benchmark process for testing validity and specificity of drug components is expected to continue to drive revenue growth of the market going ahead.
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High performance liquid chromatography (HPLC) is a robust tool for qualitative and quantitative estimation and is widely used in analytical chemistry. The technique is used to separate, purify, and identify components present in various solutions and mixtures. The HPLC process is way faster and more efficient in comparison to many other chromatography techniques
COVID-19 Impact on the Global High-performance Liquid Chromatography (HPLC) Market :
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
Some Key Highlights From the Report :
- In March 2020, Thermo Fisher Scientific launched an advanced analytical instrument Vanquish Core HPLC systems. This system helps to improve laboratory workflows by automatically monitoring and determining solvent and waste levels.
- Consumables segment is expected to register a 4.8% revenue CAGR throughout the forecast period. Technological advancements and growing acceptance of HPLC in drug approval are major factors driving revenue growth of this segment.
- Asia Pacific is expected to register the fastest revenue CAGR throughout the forecast period. Growing investment in biotechnology and pharmaceutical research and development activities and increasing requirements of biosimilars and generics are key factors propelling revenue growth of the market in this region.
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The prominent players participating in this industry include:
Waters Corporations, Agilent Technologies, Inc., Shimadzu Corporation, Thermo Fisher, PerkinElmer, GE Healthcare, Bio-Rad Laboratories, Inc., Merck Millipore, Hitachi, and Showa Denko k.k.
For the purpose of this report, Emergen Research has segmented the global high-performance liquid chromatography market based on product, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
Instruments
Systems
Detectors
Pumps
Others
Accessories
Consumables
Application Outlook (Revenue, USD Billion; 2018–2028)
Clinical Research
Forensic
Diagnostics
Others
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Pharma and Bio-pharmaceutical Companies
Contract Research Organizations
Academic Institutions
Others
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Global High-performance Liquid Chromatography (HPLC) Market has been classified into the subsequent geographical segments:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Some of the Major Issues Addressed in the Report:
- What are the most popular market segments?
- What are the current scenario’s business risks and consequences for market growth and forecasting?
- Who are the market’s primary players, and how are they dealing with a variety of issues?
Objectives of the Global High-performance Liquid Chromatography (HPLC) Market Study:
- An extensive study of the product portfolios of the major market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
- An in-depth study of the evolving market sectors and the growth & penetration status of the global High-performance Liquid Chromatography (HPLC) Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
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The post High-performance Liquid Chromatography (HPLC) Market Growth And Opportunity, End User Type, Top Manufacturers and Outlook 2028 | Emergen Research appeared first on Market O Graphics.
