Liquid chromatography is also an analytical technique used for the separation of complex mixtures. Liquid chromatography is an analytical technique that is useful for separating ions or molecules dissolved in a solvent. It is commonly used in preparative scale work to purify & isolate some components of a mixture and ultra-trace separations where small disposable columns are used once and then discarded.
Asia Pacific Liquid chromatography market stood at USD 2149 million in 2020 and is likely to reach USD 3732.51 million by the end of 2027 by registering a CAGR of 7.20% during the forecast period, 2020-2027. The growth is primarily attributed to HPLC tests’ rising importance in drug approvals, the growing popularity of hyphenated techniques, and increasing pharmaceutical R&D spending. Additionally, a surge in government funding in disease-related researches is propelling the demand for liquid chromatography systems. Further, the growth in generics and CROs due to increasing demand for drug development and new convenient methods developments are likely to support market growth. The growing public-private funding for continuous development in liquid chromatography technology and the growing development of hyphenated is expected to witness remarkable growth of liquid chromatography. The growing importance of liquid chromatography tests in drug approvals and increasing pharmaceutical R&D spending propel the demand for liquid chromatography over the coming years.
Moreover, the upsurge in demand for liquid chromatography to determine polar pesticides in both food and environmental samples positively impacts the market for liquid chromatography. Furthermore, the rapidly growing focus on food safety, the increasing scope of biomedical applications, and the rise in the extensive R&D activities at the academic and industrial level fuel the demand for the liquid chromatography market. The growing applications of liquid chromatography in the quality assessment of pharma products and drug development will bolster the Asia pacific liquid chromatography market share growth. Additionally, the increasing aging population and increasing healthcare demands in the developing world propelling the growth of the liquid chromatography market across the region.
Liquid chromatography analyzes a wide array of compounds and substances, from small organic molecules to polymers. It has broad adoption in environmental analysis, cleanliness testing, food analysis, and quality control. An increase in government initiatives and constant investments for analytical chromatography, and rising awareness about liquid chromatography drives the market. Moreover, the rise in government funding in disease-related researches, increasing investments in biomedical industries, and rising scope to develop novel technologies in the field of chromatography have attracted various enterprises to the layout. However, the high cost of LC equipment and shortage of skilled professionals are expected to hinder the market’s growth.
Technique Segmental Analysis
Based on techniques, the Asia pacific liquid chromatography market is classified into high-performance liquid chromatography (HPLC), ultra-high-pressure liquid chromatography (UHPLC), low-pressure liquid chromatography (LPLC), and others. The high-performance liquid chromatography (HPLC) segment holds the largest market share with 67.34% in 2020 and estimated to generate maximum revenue of USD 2509.06 million by 2027 on account of high-pressure liquid chromatography technique has emerged as the most significant tool for use in laboratory and commercial biopharmaceutical, life sciences, and petrochemical applications due to increasing automation, and pharmaceutical and biological research activities that utilize the HPLC technique.
The ultra-high-pressure liquid chromatography (UHPLC) will grow significantly due to high adoption in the food & beverages and pharmaceuticals industries because of their food and drug testing application.
The Asia pacific liquid chromatography market is categorized into instruments, consumables, and accessories based on the product. The instruments segment is estimated to witness the highest growth over the analysis timeframe due to the rise in the adoption of analytical technology and increasing capabilities to analyze and identify complex compounds.
The consumables will grow significantly due to the repetitive use of consumables, rising R&D activities, and rapid expansion in the customer base.
Based on the application, the Asia pacific liquid chromatography market is classified into biomedical & pharmaceutical analysis, food & beverages, life sciences, environmental, and others. The biomedical & pharmaceutical analysis segment is expected to be the highest revenue share for liquid chromatography during the forecast period. The segment’s growth is primarily assigned to the high adoption for the analysis of any drugs (i.e., to confirm the identity of a drug) and finished drug products & their ingredients quantitatively and qualitatively during the manufacturing process. Additionally, liquid chromatography is also used to monitor the progress of the therapy of disease.
Food & beverages will witness a lucrative growth rate in the estimated period due to rising focus towards food safety.
The Asia pacific liquid chromatography market is segmented into clinical research, diagnostics, forensics, food safety laboratories, and others based on the end-user. The clinical research segment accounted for a maximum market share of 44.53% in 2020 and is projected to generate USD 1621.34 million by 2027. It is attributed to the LC instrument is critical for clinical studies or research. It is required to determine inorganic impurities such as plant or animal proteins existing in pharmaceutical bulk materials or excipients or catalysts,] also used to test organic compounds. Clinical research involves evaluation studies of the developed drug.
The pharmaceuticals & biotechnology companies accounted for the fair share of the liquid chromatography market in 2020 because of the increasing use to examine evidence and secure convictions for criminals involved in crimes. In addition, it is also used for the identification and quantification of illegal & therapeutic drugs, pesticides, and other organic poisons from human body fluids and tissue samples.
The Asia pacific liquid chromatography market is segmented into China, Japan, India, South Korea, Australia, Singapore, Taiwan, and the Asia Pacific by country. China-dominated Asia Pacific liquid chromatography market with largest market share 38.07% in 2020 and likely to generate the highest revenue USD 1318.15 million by 2027. The growth in the country can be attributed to developing healthcare infrastructure and increasing disposable income. In addition to this, improving healthcare infrastructure has increased the number of research activities in the country.
India will capture a prominent share of the Liquid Chromatography Market by 2027. Due to the advents in technology, they are continually improving healthcare infrastructure in the country and rising R&D activities in the area/field of life science.
Agilent Technologies Inc., Waters Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc, Danaher Corporation, PerkinElmer Inc, Bio-Rad Laboratories Inc, Restek Corporation, Gilson Incorporated, and IDEX Health & Science are the key players in the Asia pacific liquid chromatography market.