Liquid Chromatography Instruments Market Projected to Grow Radiantly by 2030; Asserts MRFR Unleashing Industry Forecast

Pune, India, December, 2022/MRFR Press Release/- Market Research Future published a Cooked research report on “Liquid Chromatography Instruments Market Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2032.                                                                                                               

Liquid Chromatography instruments Market - Overview

The Liquid Chromatography instruments Market is expected to reach USD 4.1 Billion by 2032 at 3.7% CAGR during the forecast period 2023-2032

The liquid chromatography instruments market is growing mainly due to rising technological advancements. According to a recent study report published by the Market Research Future, the liquid chromatography instruments market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2023 – 2032).

Liquid chromatography (LC) is an analytical chromatographic technique that is useful for separating ions or molecules that are dissolved in a solvent. Instrumentation for simple liquid chromatography consists of a column with a fritted bottom that holds a motionless phase in equilibrium with a solvent. Conventional LC is commonly used in preparative scale work to purify and isolate some components of a mixture. It is also used in ultra-trace separations where small disposable columns are used once and then discarded. Analytical separations of solutions for detection or quantification typically use more sophisticated high-performance liquid chromatography (HPLC) instruments. HPLC instruments use a pump to force the mobile phase through and provide higher resolution and faster analysis time.

Notably, rising technological advancements in instrumentation is the primary driver for liquid chromatography instruments market. The chromatography instruments market has witnessed various technological advancements to meet the needs of biotechnology and biopharmaceutical companies; food and beverage, chemical, semiconductor industries; and environmental testing. These advancements have led to the development of miniaturized, automated, and computerized devices.

Other push factors such as, government investments in academics and life sciences, growth in generics and CROs, therapeutic conversion to new biological entities, and increase application in life science and Biotechnological industry are also fuelling the growth of the market. Growth in generics and CROs due to increasing demand for drug development and new convenient methods developments have also led to increase the market for the chromatography instruments. Generics market is expected to account for more than 80% of pharmaceutical market in coming years, hence increasing the demand for the chromatography instruments.

Despite these drivers, high cost of instruments, limited availability of these products in some regions, government policies and regulations are expected to hinder the growth of the market.

Liquid Chromatography instruments Market - Competitive Analysis

Agilent Technology (US), Bruker, PerkinElmer (US), Phenomenex (US), Shimadzu Corp (Japan), Thermo Fisher Scientific Inc. (US), Waters Corporation (US), are some of the prominent players at the forefront of competition in the liquid chromatography instruments market and are profiled in MRFR Analysis.

The liquid chromatography instruments market is currently dominated by various players. Due to rising adoption rate of technologically advanced instruments various existing and new marketers are continuously coming up with innovative products to control this condition. The global liquid chromatography instruments market is currently dominated by numerous players.

Agilent Technologies is one of them by holding a strong share in the market. The company is a global leader of liquid chromatography instrument market. The company entered LC segment somewhere around in late 2000s, since then the company is continuously working to improve the product portfolio to become the market leader in the segment. Currently company is making more efforts to expand its LC business in Asia Pacific region in coming years to take advantage of opportunities offered by developing economies. In March, 2017, Agilent Technologies Inc. launched New Research-Grade Triple Quadrupole LC/MS System to expand its portfolio of scientific instruments. The new Agilent 6495B Triple Quadrupole LC/MS System combines high-performance liquid chromatography (HPLC) and triple quadrupole mass spectrometry in combined system that delivers outstanding operational efficiencies.

Waters corporations is another renowned market player in liquid chromatography instruments market. Waters markets to the laboratory-dependent organization in these market areas including liquid chromatography, mass spectrometry, supercritical fluid chromatography, laboratory informatics, rheometry and microcalorimetry. Product portfolio of company includes ACQUITY UPLC / UHPLC, ACQUITY UPC2, ACQUITY Arc UHPLC, Alliance HPLC, and Detectors. In November, 2016, Waters Corp. Expanded CORTECS Analytical Column Portfolio For LC, with the introduction of two new chemistries: Waters CORTECS T3 and CORTECS Shield RP18. These new CORTECS column chemistries allow scientists to obtain more information per analysis and reduce the cost of analyzing composite samples such as biomarkers, natural products, counterfeit cosmetics, synthetic cannabinoids, veterinary drugs, drinking water, and vitamins.

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