The global market for High-Performance Liquid Chromatography (HPLC) market is forecasted to reach $7.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This market expansion is largely driven by increased research and development (R&D) initiatives, advancements in pharmaceutical manufacturing, and rising demand for quality control in the food and beverage industry, particularly in emerging economies where market penetration remains low.
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Countries like China, India, Brazil, Mexico, and the ASEAN region represent major growth opportunities for the HPLC market. These regions are seeing a surge in the establishment of research institutions, testing laboratories, contract research organizations (CROs), and contract development and manufacturing organizations (CDMOs). Additionally, the expansion of pharmaceutical and biopharmaceutical companies in these regions is fueling demand for advanced HPLC systems.
Governments in emerging economies are taking strategic measures to support their pharmaceutical and biopharmaceutical sectors. For example, India’s health ministry introduced a policy in 2022 aimed at promoting pharmaceutical research and innovation, which includes financial support for companies developing new drugs. This has encouraged leading pharmaceutical companies in India to invest in expanding their R&D capabilities. Furthermore, the COVID-19 pandemic has created new opportunities for India to become a key supplier of raw materials and finished pharmaceutical products, second only to China, thereby supporting the growth of the HPLC market.
Foreign investments have also been a major driver of HPLC market growth in emerging markets. In October 2020, several Indian generic drug manufacturers, including Dr. Reddy’s Laboratories, Glenmark Pharmaceuticals, and Torrent Pharmaceuticals, partnered with the state of Hidalgo in Mexico to create a large pharmaceutical production and logistics hub, which has significantly boosted demand for HPLC systems in the region.
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Additionally, countries like Malaysia, Singapore, Indonesia, Thailand, and Taiwan have developed regulatory frameworks to enhance access to biosimilars, further increasing demand for HPLC technologies. In June 2020, Japanese investment firm New Frontier Capital Management (NFCM) invested $300 million in healthcare infrastructure across the Middle East and North Africa (MENA), which has spurred demand for HPLC products in these areas as well.
The food and beverage (F&B) sector in emerging markets is also undergoing significant changes, with consumers increasingly opting for healthier diets. This shift has led manufacturers to offer products with reduced sugar, fat, and sodium content, driving demand for HPLC systems to ensure food safety and quality. For example, the rising popularity of processed and ready-to-cook foods in China has prompted stricter food safety regulations, further increasing demand for HPLC technologies in food testing.
In Latin America, Colombia and Chile are witnessing similar trends, with manufacturers responding to consumer demand for healthier food options. In Chile, the food and beverage processing industry accounted for 13.5% of the country’s exports in 2021, which has fueled the need for HPLC technologies in nutritional analysis and food safety testing.
Overall, the global HPLC market is expected to see substantial growth driven by emerging economies, with a projected CAGR of 5.2%, 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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