The global liquid chromatography instruments market is predicted to touch USD 11,194.4 million at a 7.5% CAGR in the forecast period (2014-2027), as per the latest Market Research Future (MRFR) report. Liquid chromatography, simply put, is an analytical chromatographic method which is useful to separate molecules or ions which are dissolved in a solvent. It has an extensive range of applications, including water analysis, genetic engineering, drug discovery, food production, diagnostics, pharmaceutical, biotechnology, and others.
Resting on the type of mobile and stationary phase, four key separation modes are used for separating most compounds. These include size exclusion chromatography, ion exclusion chromatography, normal phase chromatography, and reversed-phase chromatography.
There are ample benefits of using liquid chromatography instruments market size. These include, it helps to test an endless variety of samples, the process is customizable resting on the sample, and above all, it is highly efficient, thus is capable of testing a substance accurately within 10-30 minutes.
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Various factors are propelling the liquid chromatography instruments market growth. These factors, as stated by the MRFR report, include advancement in technology in chromatography instruments, rising demand in biotechnological and pharmaceutical companies, increased automation and increasing demand for screening of disorders and drug discovery.
On the contrary, high costs of instruments, limited accessibility of such products, changing and strict government regulations and policies, and lack of skilled experts to handle such equipment are factors that may hinder the liquid chromatography instruments market growth.
Key Players
Leading players profiled in the liquid chromatography instruments market report include Thermo fisher Scientific Inc., Bruker Corporation, Phenomenex, PerkinElmer, Shimadzu Corp, Waters Corporation, and Agilent Technologies, among others.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the liquid chromatography instruments market based on technique, type, and end user.
Based on technique, the liquid chromatography instruments market is segmented into FPLC, LPLC, UHPLC, and HPLC. Of these, the HPLC segment will have the largest share over the forecast period. This will be followed by the UHPLC segment that is predicted to grow at the fastest pace.
Based on type, the liquid chromatography instruments market is segmented into services, consumables, and instruments. Of these, the instruments segment will dominate the market over the forecast period. This is owing to the burgeoning need for automation and advances in technology.
Based on end user, the liquid chromatography instruments market is segmented into the agriculture industry, hospitals, academic and research institute, biotechnology company, and others. Of these, the biotechnology company will lead the market over the forecast period. This is owing to the growing need in diagnostic industries, pharmaceutical, and life sciences, increasing government investments, rising government investments in pharmaceutical research and development especially in emerging nations, progressing drug discovery, and rising life science R&D expenditure.
Regional Analysis
Based on the region, the liquid chromatography instruments market report covers the latest trends and growth opportunities across the Asia Pacific (APAC), Europe, the Americas, and the Middle East and Africa.
The Americas will have the lion’s share in the market over the forecast period. This is owing to the presence of well-established facilities and infrastructure and increasing fund by the government in the healthcare and pharmaceutical industry.
The liquid chromatography instruments market in Europe is predicted to grow continuously and gradually over the forecast period.
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The liquid chromatography instruments market in the APAC region is predicted to grow at the fastest pace over the forecast period.
August 2019: Thermo Fisher Scientific has recently announced the expansion of its analytical instruments for clinical diagnostic laboratories portfolio by adding three new systems. The portfolio allows clinical diagnostic laboratories in leveraging an all-inclusive platform to develop reliable and sensitive laboratory-developed tests. The company’s latest portfolio of chromatography-mass spectrometry system now comprises of Thermo Scientific Quantis MD Series, Thermo Scientific TSQ Altis MD Series, and Thermo Scientific Vanquish MD High Performance Liquid Chromatography system. This enhanced portfolio has been specially designed for increasing throughput of various clinical diagnostic assays for detecting small-to-large molecules in complex biological matrices.
