High performance liquid chromatography, also known as HPLC, refers to an analytical technique that is utilized in the quantification or identification, separation of each element in a mixture. Utilizing the basic principle of column chromatography, this mixture is then identified as well as quantified utilizing spectroscopy. The growth of the global high performance chromatography HPLC market is likely to be influenced by accuracy and high sensitivity of the high performance liquid chromatography techniques. In addition, augmented spending on the research and development activities in the pharmaceutical sector is likely to drive the demand for high performance liquid chromatography techniques in the forthcoming years.
The global high performance chromatography HPLC market is anticipated to be influenced by the widening application these techniques and tests. The market is anticipated to rise at a rate of 5.4% CAGR over the period of assessment, from 2020 to 2026. The outbreak of coronavirus across the globe is likely to have modest impact on the number of tests being carried out as a several employees from the key organizations are working from home. In addition, high performance liquid chromatography techniques have made entry into the field of forensic sciences. In forensic sciences, these techniques are utilized for the purpose of identification of presence of therapeutic and illegal drugs in tissue samples or body fluids. These factors are expected to propel growth of the global high performance chromatography HPLC market in the near future.
High performance chromatography test is an expensive and sophisticated analytical technique and it is extensively utilized in clinical diagnosis of various disorders or diseases. This technique also finds use in the food processing sector as well. In addition, high performance liquid chromatography techniques find use in control of environment, separation of molecules, and analysis of drugs in the pharmaceutical industry. Such varied uses of the technique is estimated to amplify growth opportunities for the global high performance chromatography HPLC market over the tenure of assessment, from 2020 to 2026.
Market to Thrive on Increased Investment in R&D Activities to Develop New Therapeutics
HPLC consumables are tubes, reagents, columns and various other products, which find abundant use in the high-performance liquid chromatography technique. Advancement has been made in pumps and column technologies, which is likely to play an important role in driving the demand for high performance chromatography techniques. Biopharmaceutical and pharma companies are making increased adoption of these HPLC techniques. Such increased adoption is to meet the increasing demand for invention and development of new therapeutics to restrain surging incidences of chronic diseases across the globe.
There has been an increasing acceptance and recognition of these techniques as standard instrumentation for the purpose of testing the specificity and validity of drug analytes by the regulatory market. This factor is estimated to add to the growth of the global high performance chromatography HPLC market in the forthcoming years. In addition, increased investment in the research and development activities for discovery of therapeutics raises the demand for various techniques of separation and purification, such as high performance chromatography techniques.
Increasing Preclinical Activities by Pharmaceutical Companies to Boost North America Market
North America is estimated to account for a sizeable chunk of the global high performance chromatography HPLC market throughout the period of forecast, from 2020 to 2026. Growth of the North America market is likely to be fuelled by rising number of preclinical activities by clinical research organizations (CROs) and various pharmaceutical companies. Flourishing agricultural and food industry in Canada is likely to propel growth of the North America Market over the period of assessment.
