Growing Demand in Clinical Research Propelling the North American HPLC Market

North American HPLC market is projected to grow at a significant CAGR during the forecast period (2020-2026). The major factor that propels the market growth in the region includes the growing demand for HPLC in clinical research coupled with rising investment by the biotechnology companies and research institutes for clinical research in the region. The HPLC is widely utilized in the clinical laboratory for a convenient and fast analytical approach in the detection of catecholamines, diabetes monitoring, and others. Moreover, the HPLC is used by the various clinical research institutes for sample preparation solutions to enhance productivity and automated platforms for fast reproducible results.

Browse the full report description North American High-Performance Liquid Chromatography (HPLC) Market Size, Share & Trends Analysis Report by Product Type (Consumables, Instruments, and Accessories), Application (Diagnostics, Clinical Research, Forensics, and Others), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-american-hplc-market

Moreover, the growing investment in pharmaceutical research in the region further encourages the demand for HPLC and further driving the market growth. As per the Pharmaceutical Research and Manufacturers of America (PhRMA), overall R&D spending was $71.4 billion in 2017, up from $65.5 billion in 2016 and $29.8 billion in 2001. The biopharmaceutical industry of the US makes up around one-sixth of total domestic R&D spending by the US business, the single largest R&D business expense. This, in turn, has led to the FDA approval for 56 novel drugs in 2017. Therefore, HPLC plays an essential role in clinical approvals that further contributing to the growth of the market during the forecast period. 

      Market Coverage

Key questions addressed by the Report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region/segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American HPLC Market – Segmentation

By Product Type

• Consumables 
• Instruments
• Accessories 

By Application

• Diagnostics 
• Clinical Research
• Forensics 
• Others (Testing)

North American HPLC Market – Segmentation by Geography 

• US
• Canada