Western Blotting Market is expected to Witness a Steady Growth by 2025: Key Players are Thermo Fisher Scientific, Advansta Inc., Bio-Rad Laboratories, GE, LI-COR Biosciences, Merck KGaA, Darmstadt, Germany, Merck Group, PerkinElmer, Inc., Danaher Corporat

Western Blotting Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis of Western Blotting Market. This research is conducted to understand the current landscape of the market, especially in 2018. This will shape the future of the market and foresee the extent of competition in the market. This report will also help all the manufacturers and investors to have a better understanding of the direction in which the market is headed.

The Western Blotting Market accounted to USD 728.3 million in 2016 growing at a CAGR of 5.10% during the forecast period of 2017 to 2024.

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Major Market Competitors involved are 

Thermo Fisher Scientific, Inc., Advansta, Inc., Bio-Rad Laboratories, GE Healthcare, LI-COR Inc.,  Merck KGaA, PerkinElmer, Inc., Danaher, Lumigen, Inc., F. Hoffmann-La Roche Ltd., Bio-Techne, Cell Signaling Technology, Inc., Sigma-Aldrich Corporation, EMD Millipore Corporation and Proteinsimple Among others

Global Western Blotting Market by Product (Instruments, Consumables), Application (Biomedical & Biochemical Research, Disease Diagnostics), End User (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Market Segmentation of Global western blotting market

On the basis of product type, western blotting market is segmented into instruments and consumables. In 2016, consumable segment was leading the market share and is expected to grow in the forecast period due to increase in R&D activities in coming period.

On the basis of application, western blotting market is segmented into biomedical & biochemical research and disease diagnostics. Due to vast expenditure by government in proteomics research, biomedical & biochemical research has contributed towards the largest share in 2016.

On the basis of end users, western blotting market is segmented into academic & research institutes, and pharmaceutical & biotechnology companies. In 2016, academic & research institutes dominated the market owing to growing number of research activities conducted by educational institutions supported by government funding. However pharmaceutical and biotechnology companies are expected to grow at a significant CAGR over the forecast period due to increasing R&D spending by such companies.

Geographical Segmentation:

North America
South America
Europe
Asia-Pacific
Middle East and Africa

On the basis of geography, western blotting market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Major Market Drivers and Restraints:

Rising pervasiveness of HIV, and Lyme
Development of alternative methods for detecting protein
Expanding interest in R&D by different pharmaceuticals companies.
Extending the application in the field of proteomics
High price of the product

Competitive Analysis: Global western blotting market

The western blotting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes western blotting market shares for global, Europe, North America, Asia Pacific and South America.

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This release was published on openPR.