High performance liquid chromatography (HPLC) is one of the techniques used to separate, quantitate, and identify components in the given mixture. It is considered one of the powerful tools in analytical chemistry. HPLC is a type of column chromatography in which the solvent containing the sample mixture is passed through a column containing adsorbent material, using a pressure pump. The component in the sample reacts differently with the adsorbent material, leading to different flow rates of different components, thus separating the mixtures. This process is faster as compared to other chromatography procedures.
The global HPLC market is expected to expand at a robust CAGR over the forecast period. Greater sensitivity and higher accuracy as compared to conventional chromatographic techniques are the significant factors likely to drive the growth of the global HPLC market over the forecast period. Higher penetration rate of HPLC, increased popularity of LC-MS (liquid chromatography- mass spectrography), surge in usage of HPLC in pharmaceuticals for quality control testing and manufacturing, faster results and separation, and technical advancement are some of the other factors propelling growth of the global market through 2025. Furthermore, growing number of pharmaceuticals in developing and developed countries is anticipated to drive the growth of the global HPLC market. However, high cost of the instrument and lack of expert analysts are factors restraining the growth of the global high performance liquid chromatography market.
The global HPLC market can be segmented on the basis of product type, application, end users, and region. On the basis of product type, the market can be segmented into instruments, consumables, and accessories. The consumable segment is expected to register highest share during the forecast period, due to its high usage. The instrument segment can be sub segmented into pressure pumps, detectors, fraction collectors, systems and others. Based on application, the global HPLC market is divided into diagnostics, manufacturing and quality control testing, clinical research, forensics and other application. The manufacturing and quality testing segment is anticipated to register considerable market share during the forecast period due to faster results with greater accuracy and higher sensitivity. Based on end users, the global HPLC market can be divided into pharmaceutical industries, academic and research institutes, diagnostic laboratories and others. The pharmaceutical industries segment is expected to register the highest growth during the forecast period due to rise in number of industries.
The global HPLC market is projected to expand at a significant rate across regions. Geographically, the global HPLC market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the dominating region in the global HPLC market in terms of value and volume. The factors attributed to the growth of the market in North America are - developed healthcare infrastructure, increase in number of industries over a period, high adoption rate of technologically advanced products, rise in healthcare expenditure, and expertise and research activities in the region. Asia Pacific is expected to witness higher growth in the global HPLC market due to factors such as newer technology, rise in disposable income, and increasing funding for research activities.
To maintain a significant position in the global HPLC market, key players are following strategies such as developing user friendly and cost effective products, mergers and acquisitions, robust research and development, geographical expansion etc. Some of the prominent players operating in the global HPLC market include GE Healthcare, WATERS, Bio-Rad Laboratories, Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc, Gilson, Inc., and Higgins Analytical, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.