The High-Performance Liquid Chromatography market in the Middle East and Africa was around USD 188.64 Million in 2022. It is expected to grow at a CAGR of 4.8% to reach USD 238.47 million by 2027.
The Middle East & Africa HPLC market is majorly driven by increased research and development activities in pharmaceutical, medical, biotech, and other industries. This technique is used to analyze and test small particles. In addition, the increase in innovation and advancements in technology is fuelling market growth, also introducing new equipment in the market with more benefits and advantages such as high accuracy and analyzing level.
Other factors such as the increase in the medical and healthcare infrastructure and the competition between the market players further fuel the HPLC market growth in the MEA region. As well as with the increase in the usage of chromatography processes for detecting and purification of the samples such as monoclonal antibodies or to analyze finished drug products in the pharmaceutical industry HPLC plays a vital role in it. Therefore, this will increase the demand for HPLC equipment in the market that is expected to accelerate the market growth of high-performance liquid chromatography.
However, the lack of skilled and trained individuals for operating High-Performance Liquid Chromatography systems is affecting the market's growth. In addition, increase in the high cost of the chromatography treatment and the systems as in general, the costs of the HPLC system ranges from USD 40 to 50 thousand. The presence of substitute treatments and equipment in the market with lower prices is hindering the market growth of HPLC.
This research report on the Middle East and Africa HPLC market has been segmented and sub-segmented into the following categories:
The Middle East and Africa market is projected to account for a moderate share in the global HPLC market during the forecast period. The market growth is driven by the increase in the importance of HPLC in the pharmaceutical, diagnostic, biotech, food, and another industry as HPLC is fast, precise, and the availability of advanced technologies.
The South African HPLC market is predicted to dominate the MEA market compared to other countries; it is due to the increase in the funding from government and non-government firms for research and development with the rising awareness about the importance of HPLC tests and the technique used for particles present in the sample.
During the forecast period, the UAE and Saudi Arabia are estimated to showcase healthy growth rates in the MEA market due to the growing advancements and developments in technology, enhancing market growth in this region. Also, the rise in the investments in the research activities in developing new techniques for analyzing and detecting impurities in the samples is expected to fuel the market. Moreover, the increase in the competition between the market players helps the market players expand the HPLC market by applying and adopting various market strategies such as development in the tests, enhancing the level of quantification required, merges, and acquisitions.
KEY MARKET PLAYERS:
A few of the leading companies in the MEA high-performance liquid chromatography market profiled in this report are Waters Corporation, Agilent Technologies, Shimadzu Corporation, Thermo Fisher Scientific Inc., GE Healthcare, PerkinElmer Inc., Bio-Rad Laboratories Inc., Gilson Inc., Phenomenex Inc., and JASCO Inc.
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