The global High-performance Liquid Chromatography market size is expected to reach USD 7.0 billion by 2030, according to a new study by Polaris Market Research. The report “High-performance Liquid Chromatography Market Share, Size, Trends, Industry Analysis Report, By Product; By Application; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The major factors accelerating the markets are the high prevalence of acute and chronic diseases, the growing number of applications for HPLC, and the rising requirement for preclinical and clinical trials for efficient drug discovery processes all contribute to the market's revenue growth. In addition, the increasing use of liquid chromatography instruments in pharmaceuticals, agriculture, and forensics is expected to propel the high-performance liquid chromatography market forward.
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Government intervention in the fields of food safety and environmental regulation, a growing emphasis on accurate diagnostics, and an increasing acceptance of chromatographic techniques as a standard procedure for testing the validity and specificity of drug components are all expected to contribute to market growth. Furtherly, expanding pharmaceutical R&D activity also boost the market over the forecast period.
Additionally, the COVID-19 pandemic has speed up the usage of HPLC systems for the development of new therapies, vaccinations, and disease diagnosis techniques. Research and development activities have shifted more toward the SARS-CoV-2 virus and the identification of potential therapeutic therapy candidates during the outbreak. In drug formulation labs, HPLC is a key technology used for the identification and analysis of specific components in drug mixtures.
High-performance Liquid Chromatography Market Report Highlights
Polaris Market Research has segmented the High-performance Liquid Chromatography market report based on product, application, end-use, and region:
High-performance Liquid Chromatography, Product Outlook (Revenue - USD Billion, 2018 - 2030)
High-performance Liquid Chromatography, Application Outlook (Revenue - USD Billion, 2018 - 2030)
High-performance Liquid Chromatography End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
High-performance Liquid Chromatography, Regional Outlook (Revenue - USD Billion, 2018 - 2030)