The Global Market for HPLC Systems and Accessories is Projected to Reach US$5.1 Billion by the year 2024

Increasing Chronic Diseases, Expanding Applications & Technological Innovations Drive the Global HPLC Systems and Accessories Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global HPLC Systems and Accessories markets. The global market for HPLC Systems and Accessories is projected to reach US$5.1 billion by the year 2024, driven by increasing cases of chronic diseases; increasing use of HPLC tests in drug approval process; growing shift towards ‘hyphenated technologies’; and increasing application in proteomic research. New product innovation and incorporation of novel features, increasing investments by pharma and biotech companies, and growing demand from law enforcement agencies are the other growth drivers.

High Performance Liquid Chromatography (HPLC) is an advanced technique to separate, examine and quantify compounds present in a chemical mixture. Since its discovery, the technique has evolved significantly in terms of detectors, column chemistries, robustness, detection sensitivity, reliability, precision and accuracy. Majority of these advancements have been focused on expediting the process with Ultra-High-Performance Liquid Chromatography (UHPLC) that is complemented by smaller diameters and column particles. These advances have played a pivotal role in increasing productivity through high throughput, swift route from specimen to knowledge, low cost per specimen, and higher ROI. UHPLC is a specialized form of HPLC that uses smaller particles sizes of up to 2µm, in comparison to 5µm for HPCL, for enhanced separation of desirable compounds.

Going forwards, the global market for HPLC systems and accessories holds a promising outlook due to increasing adoption of chromatography method in clinical research and drug development application. The market growth is likely to be contributed by superior accuracy and sensitivity of the method, rising significance of HPLC testing in drug approvals, growing spending on life sciences R&D, and increasing penetration of LC-MS technique. The global market for HPLC systems and accessories holds a promising outlook due to increasing adoption of chromatography method in clinical research and drug development application. The market growth is likely to be contributed by superior accuracy and sensitivity of the method, rising significance of HPLC testing in drug approvals, growing spending on life sciences R&D, and increasing penetration of LC-MS technique. Integration with complementary techniques or the growing shift towards ‘hyphenated technologies’; increasing application in proteomic research; increased capital investment by pharma and biotech companies; new product innovation and incorporation of novel features are the other growth drivers. Future developments in the field of HPLC are anticipated to focus on improving productivity levels. Technological enhancements in terms of reduced column diameters and particle sizes, higher pump pressure and gains in robustness and performance are likely to boost productivity, increase throughput, and reduce cost per sample.

As stated by the new market research report on HPLC Systems and Accessories, the United States represents the largest market worldwide, driven by stringent regulations and government-funded research centers dedicated to drug discovery. Asia-Pacific is projected to register the fastest growth of 7.5% over the analysis period on account of increased government support to research projects, and increasing R&D activities to discover novel drug formulations.

Major players in the market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., GE Healthcare Life Sciences, Gilson Inc., Hichrom Limited, Hitachi High Technologies America Inc., Imtakt, JASCO Corporation, Knauer Scientific Instruments, Konik-Tech, Macherey-Nagel GmbH & Co KG, MZ-Analysentechnik, PerkinElmer Inc., Shimadzu Corp., Merck KGaA, Thermo Fisher Scientific Inc., Waters Corporation, and W. R. Grace & Co., among others.

The research report titled “HPLC Systems and Accessories: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World. Product segments analyzed include HPLC Pumps, HPLC Sample Injectors, HPLC Columns, HPLC Detectors, Fraction Collectors, and Accessories.

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