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Low-Pressure Liquid Chromatography Market Size, Share, and Analysis, By Component (Instruments, Consumables, Services), By End User (Pharmaceutical Companies, Biotechnology Companies, Research Laboratories, Academic Institutions) and Regional Forecasts, 2022-2032
Low-Pressure Liquid Chromatography Market size was USD 5.42 billion in 2021 and projected to grow from USD 6.3 billion in 2023 to USD 12.1 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period.
Low Pressure Liquid Chromatography, abbreviated as LPLC, is a method that uses less pressure to drive the mobile stage over the column. It is used to examine the characteristics of biomolecules like peptides, proteins, and monoclonal antibodies. Low-pressure liquid chromatography is one of the best biomolecule separation techniques for separating recombinant-tagged proteins. Moreover, the low-pressure liquid chromatography machines are easy to operate and made to produce the appropriate results.
Low-Pressure Liquid Chromatography Market is expected to reach USD 12.1 billion, growing at a CAGR of 7.6% during the forecast period owing to the expanded use of superior technology in pathology laboratories and the application of protein-based injections or doses. Moreover, rising investments in the development of drugs is also anticipated to boost the growth of Low-Pressure Liquid Chromatography Market over the forecast period.
Low-Pressure Liquid Chromatography Market is classified based on the Component into Instruments, Consumables, and Services. Instruments category held larger share in 2022 and will lead over the forecast period. They belong to a particular class of instruments that are used for precision work. These tools perform precise chromatographic separations. The commonly used instruments include detectors, pumps, flow cells, and columns.
Low-Pressure Liquid Chromatography Market is classified based on the End User into Pharmaceutical Companies, Biotechnology Companies, Research Laboratories, and Academic Institutions. Pharmaceutical Companies category held a major share of the market in 2022 and will lead over the forecast period. It is a specific kind of industry that creates, researches, and produces both name-brand and generic medications. Pharmaceutical businesses use low-pressure liquid chromatography machine to create novel, specialized drugs.
Rising Funding for Drug Development and Modernization of Laboratory Facilities are Expected to Boost the Market Growth
Growing funding in drug development, increasing facilities in R&D, upgrading of lab facilities, and favorable government regulatory requirements are driving the Low-Pressure Liquid Chromatography Market. Market participants are also taking part in commercial endeavors, the introduction of new goods and services, service contracts, and connections with both private and public research institutions. With increased government funding for research infrastructure, the Low-Pressure Liquid Chromatography Market is projected would grow over the estimated period.
Increasing Funding by Governments is Expected to Boost the Market Growth
Government organizations in various regions continue to invest in and provide cash and grants for the liquid chromatography development due to increased public awareness of this method. This will increase the potential for new chromatographic technologies to be developed, which will encourage the growth of the liquid chromatography industry. The government is providing more money for medical research, which is driving up demand for the equipment of liquid chromatography. This factor has a major impact on the market growth.
Concern for Bubble Creation May Restrain the Market Growth
Concern regarding the creation of bubbles during the process of pressure pulsation is significantly restraining the Low-Pressure Liquid Chromatography Market. Also, LPLC is also not ideal for the study of volatile compounds owing to the evaporation of solvent during the process of separation. These factors are projected to constrain the market.
Low-Pressure Liquid Chromatography Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America market dominated this market in 2022 due to increased investment in adeno-associated viral therapy, increased use of precise and effective liquid chromatography, and increased funding for the creation of new products based on gene therapy. The Low-Pressure Liquid Chromatography Market is also quickening due to the region's growing elderly population and rising demand for diagnostic testing. The North America market is estimated to be driven by the above factors.
Product manufacturing and development were held down by the COVID-19 in many different industries. The pharmaceutical sector and R&D organizations saw a reduction in market demand during the pandemic outbreak. LPLC demand fell during the first quarter of COVID-19, which had an impact on market participants. The expanding need for supporting drugs and vaccinations has, nevertheless, increased market demand. The growing need for coronavirus immunizations and life-saving drugs propelled the Low-Pressure Liquid Chromatography Market.
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ATTRIBUTE |
DETAILS |
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Study Period |
2018-2032 |
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Base Year |
2022 |
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Forecast Period |
2022-2032 |
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Historical Period |
2019-2021 |
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Growth Rate |
CAGR of 7.6% from 2022-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
Main Segments List |
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Component |
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End User |
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By Region |
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Low-Pressure Liquid Chromatography Market size was estimated at USD 5.42 billion in 2021 and is expected to reach USD 12.1 billion in 2032.
Low Pressure Liquid Chromatography, abbreviated as LPLC, is a method that uses less pressure to drive the mobile stage over the column. It is used to examine the characteristics of biomolecules like peptides, proteins, and monoclonal antibodies.
Instruments and Pharmaceutical Companies segments accounted for the largest Low-Pressure Liquid Chromatography Market share.
Key players: Sigma-Aldrich, Bio-Rad Laboratories Inc., Novasep, Nilsan Nishotech Systems Pvt. Ltd., YMC America, Crawford Scientific, Shandong Ronner Scientific Instrument Co., GALAK Chromatography Technology Co. Ltd., Aurora Pro Scientific, Jeyam Scientific Co., and Other Prominent Players are the key players in the Low-Pressure Liquid Chromatography Market.
Increased funding on research and development projects and growing use of protein-based injections are the factors driving the Low-Pressure Liquid Chromatography Market.
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