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The High-Performance Liquid Chromatography (HPLC) market is on track to grow at a 5.2% CAGR through 2023-2030, with the market expected to reach $7.9 billion by the year 2030.
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High-performance Liquid Chromatography Market to be Worth $7.9 Billion by 2030
Global High-performance Liquid Chromatography Market – 2024-2031 The global High-Performance Liquid Chromatography (HPLC) market is on a trajectory to reach $7.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This significant growth is driven by several factors, especially in emerging economies where market penetration remains relatively low. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5395 Countries such as China, India, Brazil, Mexico, and the ASEAN region hold immense potential for the expansion of the HPLC market. These regions are witnessing an increasing number of research institutions, testing laboratories, and a rise in contract research organizations (CROs) and contract development and manufacturing organizations (CDMOs). The expansion of pharmaceutical and biopharmaceutical companies in these areas is also contributing to market growth. Factors such as increased R&D investments, the rapid expansion of the pharmaceutical sector, growing food demand, and advancements in HPLC technologies are playing a crucial role in fueling this upward trend. A key factor driving the growth in these regions is the availability of public and private research funding. Governments and private entities are heavily investing in research and innovation, particularly in the fields of pharmaceuticals and biotechnology. As a result, contract research services are gaining prominence, leading to heightened demand for HPLC products across these industries. For instance, India has made strategic efforts to strengthen its pharmaceutical sector. In 2022, the Indian Ministry of Health introduced a new policy to promote research and innovation within the pharmaceutical industry, offering financial support for the development of new drugs. These initiatives have propelled top pharmaceutical companies in India to enhance their research capabilities. The onset of the COVID-19 pandemic also created new opportunities for India, enabling the country to position itself as a vital supplier of pharmaceutical raw materials and finished products, second only to China. This shift has provided a considerable boost to the HPLC market in India and other emerging economies. Latest Blog @ https://meticulousblog.org/hplc-market-expansion-emerging- economies-as-key-growth-drivers/ Foreign investments have also played a pivotal role in the growth of the HPLC market in emerging markets. For example, in 2020, several Indian generic drug manufacturers, including prominent players like Dr. Reddy’s Laboratories and Glenmark Pharmaceuticals, partnered with Mexico’s Hidalgo state to create a large-scale pharmaceutical production and logistics hub. These kinds of collaborations further reinforce the growing demand for HPLC technologies in emerging markets. Additionally, regulatory frameworks in countries like Malaysia, Singapore, Indonesia, Thailand, and Taiwan are being enhanced to improve access to biosimilars, which is expected to further drive the demand for HPLC systems. In 2020, Japanese investment firm New Frontier Capital Management (NFCM) invested $300 million in healthcare infrastructure across the Middle East and North Africa (MENA), also bolstering the need for HPLC systems in these regions. Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com
Global High-performance Liquid Chromatography Market – 2024-2031 Moreover, the food and beverage (F&B) sector in developing countries is undergoing a transformation as consumers shift toward healthier diets. Manufacturers are reformulating products to include less sugar, lower sodium, and healthier fats, which requires rigorous analysis using HPLC to ensure quality and safety. In China, for example, the rise in processed and ready- to-cook foods has led to stricter food safety regulations, increasing the demand for HPLC in food testing. In other Latin American countries such as Colombia and Chile, consumer preferences are shifting toward healthier food products, prompting manufacturers to introduce items with improved nutritional profiles. In Chile, the food and beverage processing industry accounted for 13.5% of the country’s exports in 2021, which in turn has fueled the demand for HPLC systems for nutritional and food safety analysis. Overall, emerging economies are playing a crucial role in the global expansion of the HPLC market, which is projected to grow at a steady rate of 5.2% annually until 2030. Buy Now@ https://www.meticulousresearch.com/Checkout/28165569 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? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com