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Global Liquid Chromatography Instruments Market Size By Technique (High Performance Liquid Chromatography, Ultra-High Pressure Liquid Chromatography), By Application (Pharma And Bio, Public, Industry), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Liquid Chromatography Instruments Market Size By Technique (High Performance Liquid Chromatography, Ultra-High Pressure Liquid Chromatography), By Application (Pharma And Bio, Public, Industry), By Geographic Scope And Forecast

Liquid Chromatography Instruments Market Size And Forecast

Liquid Chromatography Instruments Market size was valued at USD 3.63 Billion in 2023 and is projected to reach USD 4.73 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030.

The rising technological advancement and increasing use of chromatography devices in biotechnology & biopharmaceutical, food & beverage, chemical, and other industries are driving the Global Liquid Chromatography Instruments Market growth. The Global Liquid Chromatography Instruments Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.

Global Liquid Chromatography Instruments Market Definition

Liquid chromatography is an analytical chromatographic technique used to separate ions or molecules dissolved in a solvent. The method is highly beneficial in separating and detecting numerous constituents from a mixture due to each travel’s various speeds. The Liquid Chromatography Instruments refer to the equipment utilized in the process of liquid chromatography.

A simple liquid chromatography instrument consists of a column with a fritted bottom that holds a stationary phase in equilibrium with a solvent. Liquid Chromatography Instruments extensively finds its application in pharmaceuticals, academic and research institutes, hospitals, and other industries.

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Global Liquid Chromatography Instruments Market Overview

Rising technological advancements in instrumentation are the primary driver for the Liquid Chromatography Instruments Industry. In addition, the increasing government funding in research and development activities is another primary factor propelling the market’s growth. The growing importance of the LC technique and demand for drug development imposes a positive outlook on the market’s growth.

The easy availability of some liquid chromatography instruments in laboratories and the increasing importance of chromatography tests in the drug approval process accelerates the Liquid Chromatography Instruments Market growth. The rise in the investment in pharmaceutical research and development activities and the increase in life science and biotechnological industries further influence the Liquid Chromatography Instruments demand. Other push factors such as growth in generics and CROs, therapeutic conversion to new biological entities, and increased application in life science and the Biotechnological industry are also fuelling the market’s growth.

Growth in generics and CROs due to increasing demand for drug development and new convenient methods developments have also led to an increase in the market for chromatography instruments. The generics market is expected to account for more than 80% of the Liquid Chromatography Instruments Market in the coming years, increasing the demand for chromatography instruments. However, the high cost of chromatography equipment and limited sensitive and specific detectors in applications involving complex samples are the main factors expected to limit the market growth of liquid chromatography instruments.

In addition, a lack of skilled professionals and long-term reproducibility is projected to challenge the Market in the forecast period. Technological advancements in instrumentation and new product launch extend profitable opportunities to the players in the forecast period—furthermore, Expansion In Developing Countries and Increasing Use Of the Chromatography Technique creates further opportunities for the market players.

Global Liquid Chromatography Instruments MarketSegmentation Analysis

The Global Liquid Chromatography Instruments Market is Segmented on the basis of Technique, Application, and Geography.

Liquid Chromatography Instruments Market, By Technique

  • High Performance Liquid Chromatography
  • Ultra-High Pressure Liquid Chromatography
  • Low Pressure Liquid Chromatography
  • Others

Based on Technique, the Market is bifurcated into High Performance Liquid Chromatography, Ultra-High Pressure Liquid Chromatography, Low Pressure Liquid Chromatography, and Others. High performance liquid chromatography dominates the segment. It allows for higher resolution, reproducible responses, better peak shape, and the speed of analysis. However, Ultra high-pressure liquid chromatography is expected to witness rapid growth over the forecast period as it operates at higher pressures (15,000 psi) and allows for smaller particle sizes in columns, while High-performance liquid chromatography operates at lower pressures (max <6000 psi).

Liquid Chromatography Instruments Market, By Application

  • Pharma & Bio
  • Public
  • Industry
  • Others

Based on Application, the Global Liquid Chromatography Instruments Market is bifurcated into pharma & bio, public, industry, and others. Pharma & bio dominate this segment as it is widely used to split a mixture of compounds in analytical chemistry and biochemistry. The industry segment is expected to grow steadily due to its wide application for testing in the food & beverage industry.

Liquid Chromatography Instruments Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Global Liquid Chromatography Instruments Market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the world. North America dominates the Global market because of the high awareness of technological advancement and well-developed healthcare infra. Asia-Pacific is anticipated to be the fastest-growing segment during the forecast period due to the region’s increasing initiatives on food safety and food testing, and healthcare spending.

Key Players

The “Global Liquid Chromatography Instruments Market” study report will provide valuable insight emphasizing the global market. The major players in the market are JASCO, PerkinElmer, Hitachi, Waters Corporation, Bio-Rad Laboratories, Agilent Technologies, Shimadzu Corporation, AB SCIEX (Danaher), Bruker Corporation, and Thermo Fisher Scientific. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

JASCO, PerkinElmer, Hitachi, Waters Corporation, Bio-Rad Laboratories, Agilent Technologies, Shimadzu Corporation, AB SCIEX (Danaher), Bruker Corporation

SEGMENTS COVERED
  • By Technique
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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