CAGR 5.10% Growth Predicted in Western Blot by 2024 | A report by Thermo Fisher Scientific, Inc., Advansta, Inc., Bio-Rad Laboratories, Inc. (U.S.), GE Healthcare and others

With the western blot market undergoing a major transformation, the levels of CAGR in the forecasted period of 2019-2024 are changing as well. This, in turn, is changing the perspective for the IVD industry and altering the sales, import, export, and revenue.
This western blot report by Data Bridge Market Research presents all the figures required to get the best of the western blot market by mentioning all the recent developments, product launches, joint ventures, mergers and accusations by the key players and brands that are making a mark in the market. Simultaneously, the report also determines the market drivers and restraints with the help of SWOT analysis.
Market Analysis:-
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. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major players operating in western blotting market:
• Thermo Fisher Scientific, Inc. (U.S.)
• Advansta, Inc. (U.S.)
• Bio-Rad Laboratories
• Inc. (U.S.)
• GE Healthcare (U.S.)
• LI-COR Inc. (U.S.)
• Merck KGaA (Germany)
• PerkinElmer, Inc. (U.S.)
• Danaher (U.S.)
• Lumigen, Inc.(U.S.)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Bio-Techne (U.S.)
• Cell Signaling Technology, Inc. (U.S.)
• Sigma-Aldrich Corporation (U.S.)
• EMD Millipore Corporation and Proteinsimple (U.S.)

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

Segmentation:
On the basis of product type, western blotting market is segmented into
• Instruments
• 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
• 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
• 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.
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
• 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.

Competitive Analysis:
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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