High-Performance Liquid Chromatography Market Size, Share, Growth Analysis, By Product(Instruments, HPLC Systems, Pumps, Detectors), By Application(Clinical Research Applications, Diagnostic Applications, Forensic Applications, Other Applications), By End - User(Pharmaceutical & Biotechnology Companies, Academic & Research Institutions, Others), By Region - Industry Forecast 2024-2031

Global High-Performance Liquid Chromatography Market size was valued at USD 4.77 billion in 2022 and is poised to grow from USD 5.06 billion in 2023 to USD 8.06 billion by 2030, growing at a CAGR of 6% in the forecast period (2024-2031).

The market is projected to expand owing to advancements in high-performance liquid chromatography (HPLC) techniques, elevating the reliability and robustness of liquid chromatography operations. Notably, recent HPLC systems offer enhanced features like dual-injection mechanisms, multidimensional capabilities, and intermediate pressure alternatives, bolstering their applicability across diverse research domains. The COVID-19 pandemic has additionally expedited the adoption of HPLC systems, instrumental in developing novel therapeutics, vaccines, and dependable diagnostic techniques for the virus. A case in point is a study published in October 2021 in the Microchemical Journal, unveiling an innovative HPLC-based method for analyzing favipiravir, an emerging antiviral for COVID-19.

Furthermore, considering the mounting apprehensions regarding SARS-CoV-2 mutations, HPLC's epidemiological applications in characterizing viral proteins linked to emerging viral serotypes are poised to gain traction, further boosting market expansion.

Moreover, the recent introduction of various liquid chromatography method development systems and accompanying software is anticipated to simplify usage and heighten HPLC system productivity. A notable instance is the collaboration between Thermo Fisher Scientific, Inc. and ChromSword, resulting in the Thermo Fisher Vanquish HPLC and UHPLC method development system unveiled in August 2021. Likewise, in April 2022, Shimadzu Corporation launched the LabSolutions MD software, specifically designed for HPLC platforms to facilitate analytical method development. These product launches are poised to augment the market presence of HPLC systems and propel market expansion.

US High-Performance Liquid Chromatography Market is poised to grow at a sustainable CAGR for the next forecast year.