The global Liquid Chromatography market reached a value of about USD 7.44 billion in 2021. The industry is projected to grow at a CAGR of around 8% in the forecast period of 2022-2027 to reach a value of about USD 11.81 billion by 2027.
The global Liquid Chromatography industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The industry is being driven by the extensive application of technology in the Pharmaceutical and Biotechnology sector. The United States and Europe are the highest category spender by region that is driving the demand for the Liquid Chromatography industry.
Liquid chromatography is an analytical chemistry technique that includes separating, identifying, and quantifying each component in a mixture. The most common chromatography technique, liquid-solid column chromatography, uses a liquid mobile phase that gently filters down through the solid stationary phase, bringing the separated components. The Liquid Chromatography industry report comprises segments by end-use (Pharmaceutical and Biotechnology, Healthcare and Life Science Institutes) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The United States and Europe hold the largest market in the sector due to increased direct and indirect funding in chromatography by the US government and private enterprises. Furthermore, the United States' considerable research and development activities necessitate a high use of liquid chromatography systems. In the region, strict regulations for medication approval necessitate drug analysis utilising liquid chromatography technology. This element is expected to drive market expansion.
The employment of the technology is driving the market in various domains such as pharmaceutical, chemical, and food industries, environmental testing laboratories, forensic science, and the adoption of chromatography techniques in the drug discovery process. The columns, reagents, tubes, and other products used in the high-performance liquid chromatography technique are expected to increase because of column technologies and pump advancements. Due to the growing demand for innovative therapies to treat the increasing prevalence of chronic diseases worldwide, pharmaceutical and biopharmaceutical firms are expected to grow considerably, thus resulting in the industry's expansion.
However, factors like the high chromatography equipment costs and a scarcity of skilled personnel to operate chromatography instruments are likely to hamper the market's expansion.
The global Liquid Chromatography industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Liquid Chromatography regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The sample mixture to be separated and studied is put into the stream of mobile phase percolating through the column in a small discrete volume (usually microliters). Varying physical interactions with the adsorbent cause the components of the sample to travel along the column at different speeds (also called the stationary phase). The chemical makeup of each element, the nature of the stationary phase (column), and the composition of the mobile phase all influence its velocity. The retention time of a particular analyte is when it takes to elute (emerge from the column). The retention period of a specific analyte under specific conditions is a distinguishing feature.
The industry is being propelled by the growing use of hyphenated chromatography techniques such as LC-MS, GC-MS, LC-NMR, and LC-FTIR. The demand for liquid chromatography equipment is also being fueled by an increase in government financing for disease-related research. Government organisations in various regions are continually investing and offering grants and cash to develop liquid chromatography as public knowledge of the technology grows.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The market is competitive and moderately fragmented. Industry players are focused on product developments, new product launches, and geographical expansions to enhance their market share.
1. Executive Summary
2. Liquid Chromatography Market Snapshot
2.1. Liquid Chromatography Market Outlook
2.2. Liquid Chromatography Industry Analysis By End-Use
2.2.1. Pharmaceutical and Biotechnology
2.2.2. Healthcare and Life Science Institutes
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East and Africa
3. Impact of Recent Events
4. Liquid Chromatography Value Chain Analysis
5. Liquid Chromatography Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Liquid Chromatography Cost Structure
9. Liquid Chromatography Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Liquid Chromatography Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Agilent Technologies Inc.
14.2. Avantor Inc.
14.3. PerkinElmer Inc.
14.4. GL Sciences Inc.
14.5. Thermo Fisher Scientific Corporation
The global Liquid Chromatography market size was valued at USD 7.44 billion in 2021.
As per the end-user provided, the Pharmaceutical and Biotechnology segment is anticipated to lead the market between the period 2022 – and 2027.
The growing R&D practices in the industry are one of the essential drivers of the Liquid Chromatography market growth.
Agilent Technologies, Avantor, Perkin Elmer, Sigma-Aldrich, and Thermo Fisher Scientific are some of the leading companies in the market.
The United States and Europe region of the Liquid Chromatography industry holds a significant share in the market.
The global Liquid Chromatography market attained a value of USD 7.44 billion in 2021, driven by the employment of the technology in various domains such as pharmaceutical, chemical, and food industries, forensic science, eco-friendly testing laboratories, and the adoption of chromatography techniques in the drug discovery process. Aided by the growing use of hyphenated chromatography techniques such as LC-MS, GC-MS, LC-NMR, and LC-FTIRpaired with government financing for disease-related research, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8%. The market is projected to reach USD 11.81 billion by 2027. Some of the leading players in the industry are Agilent Technologies, Avantor, Perkin Elmer, Sigma-Aldrich, and Thermo Fisher Scientific.
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