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Electrophoresis Market Set for Rapid Growth and Trend, by 2025

09-23-2020 10:33 AM CET | Health & Medicine

Press release from: Transparency Market Research

Electrophoresis technique is used to physically separate macromolecules such as RNA, nucleic acid fragments, and proteins according to their molecular size and electric charge. Both gel electrophoresis and capillary electrophoresis techniques are observed to be the first choice of researchers for efficient analytical separation of macromolecules. Gel electrophoresis is a technique that separates macromolecules using gel-like matrix and has contributed to the growth by offering a wide range of geometrics to researchers. The market for capillary electrophoresis has been revitalized through growing popularity of microfluidics.

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Gel electrophoresis is used in genomics for the generation of artificial chromosome libraries, genetic mapping, and chromosomal assignments of genes. Thus, the genomics market is expected to drive the electrophoresis market. Increase in government funding and technological advancements are expected to positively influence the market growth. On the other hand, decline in average selling prices of instruments and services is expected to be offset by an increase in genetic testing volumes. Expanding application of genomics research and testing, supported by the declining cost of instruments and consumables, presents several growth opportunities for market participants in the manufacturing and services industry.

The other factors driving the electrophoresis market include the increasing importance of proteomics research. Growth in the proteomics market has consequently driven the electrophoresis market. Electrophoresis has major application in proteomics; hence, an increase in the number of scientific discoveries arising from the human genome project and advancement in high-throughput technologies for protein studies have boosted the global proteomics market. This has resulted in a parallel effect on the global electrophoresis market. Additionally, with the patent expiration of several bestseller drugs increasing new drug development investments, and the market focusing on research projects involving proteins, associated biomolecules, and genes is also driving this market. There has been a significant demand for technologically advanced electrophoresis equipment that are capable of providing higher precision and enhanced detection limits along with higher throughputs.

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The global electrophoresis market can be segmented based on product, application, end-user, and region. In terms of product, the market can be categorized into electrophoresis reagents, electrophoresis systems, gel documentation systems, software and others. Electrophoresis by product can be further classified into types: gel electrophoresis by instrument type, gel electrophoresis by gel and capillary electrophoresis. Gel electrophoresis is a method used to separate mixtures of DNA, RNA, or protein according to the molecular size. Vertical and horizontal gel electrophoresis are the two typical and common systems to carry out gel electrophoresis. Gel electrophoresis can be sub-segmented into slab gel electrophoresis equipment, polyacrylamide gel electrophoresis, and two-dimensional gel electrophoresis. Two-dimensional gel electrophoresis equipment was estimated to be the fastest growing market in gel electrophoresis due to high demand. Two-dimensional gel electrophoresis was the most effective separation technique of single or multiple proteins based on both molecular charge and size, performed by a combination of isoelectric focusing (IEF) and polyacrylamide gel electrophoresis (PAGE).

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In terms of end user, the electrophoresis market can be divided into hospitals and diagnostic centers, pharmaceutical & biotechnology companies, academic & research institutes, and others. Academic & research institutes are expected to account for a considerable share of the market. Increasing R&D spending, global rise in the number of biotechnology and life science research studies, and growing public and private investments in research studies, would boost the academic & research institutes segment.

Based on region, the global electrophoresis market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global electrophoresis market driven by innovation in electrophoresis techniques, acceptance of new technologies, and procedural (usage pattern) shift toward combination techniques. Asia Pacific is anticipated to be a highly attractive market during the forecast period due to the existence of a large patient pool and initiatives by governments to undertake various control programs.

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Key players contributing to the growth of the market include Bio-Rad Laboratories, GE Healthcare, Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies, Merck Millipore, PerkinElmer, Inc., Hoefer Inc., QIAGEN N.V., Lonza Group Ltd., Shimadzu Corporation, Harvard Bioscience, Inc. and C.B.S. Scientific Company, Inc. The global electrophoresis market is dominated by Bio-Rad Laboratories Inc., and GE Healthcare Ltd., followed by Agilent Technologies and Life Technologies Corp. Enhanced technology, innovative solutions, varied product portfolio, efficient after sales services and others are the major reasons for the dominance of Bio-Rad Laboratories Inc., and GE Healthcare Ltd.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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