The High-Performance Liquid Chromatography (HPLC) market is projected to reach $7.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The market is expected to experience strong growth, particularly in emerging economies with low market penetration, driven by factors such as increasing research and development (RD) activities, advancements in the pharmaceutical sector, and rising demand for safe and quality food products.
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Countries like China, India, Brazil, Mexico, and the ASEAN region are likely to see a significant increase in demand for HPLC products. These regions have seen growth in research institutions, testing laboratories, contract research organizations (CROs), and contract development and manufacturing organizations (CDMOs). The pharmaceutical and biopharmaceutical industries in these countries are expanding rapidly, further boosting the demand for HPLC technologies.
Public and private investments in RD, combined with a growing emphasis on contract research, are expected to play a crucial role in driving the pharmaceutical and biotechnology sectors in these regions. For instance, India’s government introduced a new policy in 2022 to support pharmaceutical innovation, including financial incentives for companies developing new drugs. This initiative has motivated Indian pharmaceutical companies to expand their research capabilities. Additionally, the COVID-19 pandemic presented opportunities for India to emerge as a key supplier of raw materials and finished pharmaceutical products, second only to China, thus contributing to the growth of the HPLC market.
Emerging economies have also attracted significant foreign investments, further propelling the HPLC market. In 2020, several major Indian generic drug manufacturers formed a partnership with Mexico's Hidalgo state to establish a large-scale pharmaceutical production hub, which is expected to increase demand for HPLC products in the region.
Moreover, regulatory frameworks in countries like Malaysia, Singapore, Indonesia, and Thailand have been developed to enhance access to biosimilars, further driving demand for HPLC technologies in these regions. Japanese investment firm New Frontier Capital Management (NFCM) also made a substantial investment of $300 million in 2020 to improve healthcare infrastructure across the Middle East and North Africa (MENA), spurring demand for HPLC systems in this area.
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The food and beverage (FB) industry is another sector that is driving demand for HPLC products in emerging economies. With growing awareness of healthy diets, consumers are increasingly opting for products with reduced sugar, fat, and sodium content. This shift has prompted manufacturers to use HPLC systems to ensure food safety and quality. In China, for example, the rising popularity of processed and ready-to-cook foods has led to stricter food safety regulations, further increasing the need for HPLC in food analysis.
In Latin America, countries such as Colombia and Chile are also experiencing a shift in consumer preferences toward healthier food options. In Chile, the food and beverage processing industry accounted for a significant share of exports in 2021, leading to increased demand for HPLC technologies for nutritional analysis and food safety testing.
Overall, the global HPLC market is expected to witness robust growth, driven by the rising demand in emerging economies, growing at a CAGR of 5.2% and reaching $7.9 billion by 2030.
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Key questions answered in the report:
- What are the high-growth market segments in terms of product, end user, and country/region?
- What was the historical market for HPLC across the globe?
- What are the market forecasts and estimates for 2023–2030?
- What are the major drivers, restraints, opportunities, and challenges in the global HPLC market?
- Who are the major players in the global HPLC market?
- How is the competitive landscape, and who are the market leaders in the global HPLC market?
- What are the recent developments in the HPLC market?
- What are the different strategies adopted by the major players in the HPLC market?
- What are the geographic trends and high-growth regions/countries?
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