The global High-performance Liquid Chromatography (HPLC) Market size is projected to reach USD 5.7 billion by 2025 from USD 4.5billion in 2020, at a CAGR of 4.6% during the forecast period. The growth in this market is driven byhigh sensitivity and accuracy of the HPLC technique, the growing importance of HPLC tests in drug approvals,the rising popularity of hyphenated techniques, and increasing pharmaceutical R&D spending. However, the high cost of HPLC systems is expected to restrict market growth to a certain extent. A dearth of trained resources may also challenge market growth in the coming years.
The global HPLC market is well established owing to
the dominance of prominent market players, such as Waters (US), Agilent (US),
Shimadzu (Japan), Thermo Fisher (US), PerkinElmer (US), GE Healthcare (US),
Bio-Rad (US), Merck Millipore (Germany), Hitachi (Japan), Showa Denko (Japan),
Gilson (US), Phenomenex (US), JASCO (US), Hamilton Company (US), SIELC (US),
Orochem (US), YMC Co. Ltd. (Japan), Restek (US), Trajan Scientific (Australia),
and Tosoh Bioscience LLC (Japan).
Waters was the largest player in the HPLC market.
The company has been operating in the life science and analytical instruments
business since 1958. It is one of the pioneers in the field of HPLC and has
managed to establish a brand of its own. Product launches and strategic
collaborations and acquisitions will further augment its position in the
market. The company has managed to establish a base of more than 40,000
customers around the world, and this figure is expected to grow in the coming
years. The company’s HPLC products are used in pharmaceutical, industrial, and
life science processes, such as drug discovery and development, clinical trial
testing, nutritional safety analysis, and environmental testing.
Agilent was the second-largest player in the global
HPLC market. A large part of the company’s revenue is generated from its Life
Sciences and Applied Markets and Agilent CrossLab segments. The growth of the
company is attributed to strategic mergers and acquisitions, strategic
transactions, and improved R&D and capital expenditure. Agilent’s strategy
to launch multiple products for effective and efficient chromatography studies
has ensured its growth in this market. Expansions undertaken by Agilent to
introduce new research and logistics bases in Asian countries are expected to
strengthen its position in this market further. The company sells the majority
of its products through a direct sales force.
Shimadzu was the third-largest player in the HPLC market. It operates under five business segments—Analytical Instruments, Medical Systems, Aircraft Equipment, Industrial Machinery, and Testing and Measuring Instruments. Around 65% of the company’s revenue is generated from its Analytical and Measuring Instruments segments. The company dominates the markets in Asia and Europe. It is operating successfully in the highly competitive analytical instruments market, primarily based on the ease of use, software compatibility, and the cost-efficiency of its products.
Other players operating in the HPLC market adopted
the strategy of collaborations, contracts, agreements, partnerships, alliances,
acquisitions, expansions, product launches, grants, accreditations, patents,
and licensing to increase their customer base across geographies and establish
a strong foothold in the market.
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