The global HPLC market was valued at US$ 3,673.9 Mn in 2017 and is anticipated to reach nearly US$ 5,759.7 Mn by 2026, expanding at a CAGR of around 5.2% from 2018 to 2026.
Albany, NY -- (SBWIRE) -- 09/13/2018 -- Widespread acceptance of high performance liquid chromatography (HPLC) in the food industry, as an optimal technology to detect and/or quantify a variety of food analytes, will continue to remain a key growth influencer for the HPLC market. Greater emphasis on environment conservation has further driven the adoption of HPLC, owing to its potential for effectively identifying presence of harmful components in soil and water. Revenues from the HPLC market were estimated at US$ 3673.9 Mn in 2017, and are projected to record a CAGR of 5.2% through 2026.These insights have been gleaned from the report titled "HPLC Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026," added recently to the vast repository of Market Research Reports Search Engine (MRRSE).
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Instruments used in HPLC systems will continue to hold leading revenue shares of the HPLC market, followed by consumables. Columns are expected to remain top-selling consumables, owing to their relatively higher essentiality in HPLC systems compared to their counterparts. End-use of HPLC systems are expected to remain high in pharmaceutical and biotechnology industries, with demand driven by rising emphasis on drug discover along with rising R&D investments by pharmaceutical companies in formulation of drugs and biosimilars.
North America and Europe continue to hold a majority share in the HPLC market. Better accessibility to state-of-the-art technologies and advanced research & development in the chemistry sector remains the key driving factor of the HPLC market in the region. Government sponsored efforts towards, clean food, environment, healthcare, and academic development are primary influencers in the growth of the HPLC market in the Asia Pacific, Latin America, Middle East, and African regions.
HPLC Market: Comprehensive Assessment using Reliable Research Methodology
This report provides a detailed analysis about the present and future scenario of the HPLC market. It focuses primarily on the different market segments, taking into consideration the various regions, end-users, and product types that form the HPLC market. The report provides an exhaustive analysis of drivers, constraints and untapped business opportunities in the global market. Reliable research methodology and statistical analyses has been used to arrive at accurate projections and forecasts for product and region wise findings. Comprehensive insights were derived through discussions, interviews, and market feedback from key manufacturers and industry experts.
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Readers will find an insightful study about economic factors affecting the market along with a detailed overview of emerging and leading market players, to better understand the competition dynamics between them. Data has been validated by thorough secondary research of valid resources such as white papers, annual reports, press releases and databases in the public domain and inputs from experienced panel members, who have immense knowledge related to relevant systems and processes.
In addition, the report also provides readers with a comprehensive analysis of market attractiveness, through a thorough study of the market share of leading players and regional performance in order to provide a complete picture of the competitive situation of the HPLC market on a global scale.
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