According to the research report titled ‘Global High-performance Liquid Chromatography (HPLC) Market by Product (Instruments, consumable and Accessories), Application (Clinical Research, Diagnostics, Forensics and others), Regional Forecasts 2021-2027’, available with Market Study Report, global high-performance liquid chromatography (HPLC) market size was remunerated USD 4.5 billion in 2020 and is expected to multiply at a CAGR of 4.6% over 2021-2027, subsequently reaching USD 6.2 billion by the end of the forecast period.
 

Rising popularity of hyphenated techniques and growing expenditure on pharmaceutical research & development are propelling global high-performance liquid chromatography (HPLC) market growth.
 

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Statista cites that the R&D spending for the pharmaceutical industry in the United States increased from USD 136 million in 2012 to USD 186 million in 2019. Similar developments in this vertical are expected to significantly contribute to the market development.
 

For the unaware, high-performance liquid chromatography (HPLC) is an advanced column chromatograph technique used for identifying, separating, and quantifying a mixture's constituents. In this method, a liquid sample is passed over a solid adsorbent material kept in a column using a liquid solvent flow. Every analyte in the sample interacts with the adsorbent material in various ways, reducing reagent flow.
 

Major industry contenders are inventing new columns to endure the high pressure and advancing technology to improve the outcome, further augmenting worldwide high-performance liquid chromatography (HPLC) industry share.
 

Speaking of restraining factors, hefty cost of equipment is likely to pose as a major challenge for businesses operating in this domain.
 

Based on product type, the market is split into consumables, accessories, and instruments. As per application spectrum, the industry segmentation comprises forensics, diagnostics, clinical research, and others.
 

Elaborating on regional bifurcation, North America is expected to dominate worldwide high-performance liquid chromatography (HPLC) market in the coming years, owing to increasing number of preclinical operations by CROs and pharmaceuticals companies, along with developing food and agriculture industries in Canada.
 

Meanwhile, Asia Pacific industry is anticipated to record a steady growth rate through 2028, attributable to growing pharma and biotech industries in China and India, coupled with expanding sales of biosimilars and generics in Japan.
 

Major contenders in global high-performance liquid chromatography (HPLC) marketplace are Gilson Inc., PerkinElmer Inc., Agilent Technologies Inc., General Electric Company (GE), Tosoh Corporation, Mitsubishi Chemical Corporation, Bio-Rad Laboratories Inc., Merck KGaA, Thermo Fisher Scientific Inc., and Shimadzu Corporation.