High Performance Liquid Chromatography (HPLC) Market Analysis By Knowledge Sourcing Intelligence

Global High-Performance Liquid Chromatography market is projected to grow from US$4.462 billion in 2017 to US$5.672 billion in 2022, growing at a CAGR of 4.91% over the forecast period. High-Performance Liquid Chromatography (HPLC) is a technique which helps in separating and identifying of components in a mixture. Ongoing research and development is contributing to expanding application of HPLC applications in medical, research, and manufacturing sector. Moreover, the high sensitivity and accuracy of HPLC endorses its increasing adoption by law enforcement agencies for detecting performance enhancement drugs in urine, thereby augmenting the market growth. HPLC tests are gaining prominence for drug approvals as many countries have started focusing on using this technology. Other factors such as growing popularity of the LC-MS technique and surging lifesciences R&D spending is also propelling the HPLC market growth. However, high cost equipment will be key challenge to market growth over the forecast period. Manufacturers are increasingly focusing on developing improved technologies that can help researchers with high-quality analysis. This will push the HPLC market growth upwards over the next five years. Moreover, the developing economies like China and India are expected to create numerous opportunities for HPLC equipment vendors over the projected period.