Low Pressure Liquid Chromatography Market Trends, Growth and Competitors Analysis Report [2020 – 2030]
Market Highlights
According
to MRFR analysis, the global low-pressure liquid chromatography market is
expected to register a CAGR of ~3.6% from 2020 to 2027.
The
global low-pressure liquid chromatography market analysis is driven by the expansion of research facilities across the globe,
increasing government funding in the healthcare sector, and the rising
population diagnosed with hereditary disorders such as Parkinson's disease,
sickle cell disease, and Alzheimer's disease. In addition, increasing demand
for DNA-based, RNA-based, and protein-based medicines to treat hereditary
problems has created opportunities for the market players. Additionally, the
low-pressure liquid chromatography systems segregate proteins, nucleic acids,
and other small & complex molecules involved in several biological
procedures. Moreover, the low-pressure liquid chromatography is also utilized
to separate two polar organic solutes, screen drugs in sports, and segregate a
wide range of hypersensitive and nonsteroidal anti-inflammatory drugs. The rise
in the adoption of such biological extraction methodologies is expected to
augment the low-pressure liquid chromatography market.
The
industry providers are involved in technological enhancement, product
development, expansion of distribution network, investment public relations,
and mergers & acquisitions to expand their global footprint. The industry
players are planning to adopt business plans such as the development of
advanced low-pressure liquid chromatography systems to provide accurate and
efficient test and extraction results. Additionally, the global market players
aim to invest in the developing countries owing to supportive government
policies, economic labor costs, and the high availability of raw materials.
These factors will strengthen the market development and will propel the market
demand in the projected period.
Segmentation
The
global low-pressure liquid chromatography market is segmented into components
and end user. Based on component, the market has been segregated into
instruments, consumables, and services. The instruments segment held a
considerable market share in 2020. The demand for low-pressure liquid
chromatography is the largest contributor to the global market due to its high
engagement in research facilities to derive COVID-19 vaccines and other
microbial infection treatments. In addition, the ongoing innovation of drugs
and treatment for chronic diseases are strengthening the demand for
low-pressure liquid chromatography products.
Based
on end user, the global low-pressure liquid chromatography market has been
classified as pharmaceutical companies, biotechnology companies, research
laboratories, and academic institutions. Pharmaceutical companies held a
considerable share of the market in 2020, owing to the high demand for
medicines across the globe due to the spread of deadly coronavirus and chronic
diseases. Additionally, increasing public and private investments in drug
development and growing funding in the pharmaceutical sector to transform the
research and production facilities are expected to drive the segment in the
projected timeline.
Regional
Analysis
North
America is projected to dominate the low-pressure liquid chromatography market
in the forecast period, owing to the presence of a large number of market
players, increasing government fundings, expansion in research facilities,
extensive distribution network, and growing usage of chromatography in drug
development. Furthermore, the key players are involved in business approaches
such as collaborations, mergers, technical partnerships, government alliances,
and an increasing number of clinical trials are a few of the factors propelling
the market growth. Europe embraces the second-largest position in the
low-pressure liquid chromatography market due to the increasing development,
manufacturing, and commercialization of therapeutics, increasing establishment
of analytical and biotechnology laboratories across the region. Likewise,
increasing the utilization of molecular diagnosis for forensic investigation is
driving the European low-pressure liquid chromatography market. The industry
players provide high-quality products and superior after-sales service to gain
an edge over the existing industry providers. These business parameters are
expected to propel the low-pressure liquid chromatography equipment market in the anticipated time.
Asia-Pacific
is likely to hold the major market share over the assessed timeline due to the
transformation in pharmaceutical infrastructure, high investment in the modernization
of research laboratories, rising demand for generic and advanced medicines
across the region, and increasing awareness about genetic and molecular drugs.
Moreover, the rising demand for environmental and chemical analysis devices and
equipment is driving the Asia-Pacific low-pressure liquid chromatography
market.
Furthermore,
the development of the market in the Rest of the World has been gaining market
share in the low-pressure liquid chromatography market over the last few years
due to the growing interest of investors in the local research facilities,
supportive government regulations, establishment of technically advanced
pharmaceutical infrastructure and growing research activities on the extraction
of molecular components such as proteins, RNA, DNA, and other complex
molecules. These aspects are likely to fuel the market growth over the assessed
period.
Low-Pressure Liquid Chromatography Market Players
·
Novasep
(France),
·
LEWA
GmbH (Germany),
·
GALAK
Chromatography Technology Co.,
·
Ltd
(China),
·
Biolinx
Labsystems (India),
·
Bio-Rad
Laboratories,
·
Inc.
(US)
among others are some key companies in the
global Low-Pressure Liquid Chromatography that are listed by MRFR for market research.
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Research Future:
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