Liquid Chromatography Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

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: Industry Definition and Segmentation

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).

North America and Europe Regions are Driving the Growth of the Industry

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.

Best Procurement Practices

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.

Category Management Studies

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.

Government Initiatives, Further Driving the Procurement of Liquid Chromatography

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.

Key Industry Players Mentioned in the Liquid Chromatography Industry Report

• Agilent Technologies Inc.
• Avantor Inc.
• PerkinElmer Inc.
• GL Sciences Inc.
• Thermo Fisher Scientific Corporation

Market Landscape

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.

Key Initiatives by Companies

• On February 22, 2022, Agilent Technologies Inc. (NYSE: A) reported $1.67 billion in sales for the first quarter ended January 31, 2022, up 8% from the first quarter of 2021 and up 9% on a core (1) basis.
• On April 7, 2022— The Vega® imaging system, a first-of-its-kind ultrasound platform that combines hands-free, automated technology with the high-throughput capability to accelerate non-invasive research and drug development studies of cancer, liver and kidney disease, cardiology, and more, was launched today by PerkinElmer, Inc. (NYSE: PKI), an international leader dedicated to modernising for a healthier world. PerkinElmer is a prominent provider of preclinical imaging systems, including the widely used IVIS® optical imaging platform, covering many modalities, including ultrasound, visual, and microCT.