Blotting Market Growth Insights Reports: Leading Players: Precision Biosystems, Cygnus Technologies, Merck KGaA, Cell Signaling Technology Inc. and Others

The growth of the overall market can be due to the rising number of research activities and R&D spending by pharmaceutical and biotechnology companies, the increasing prevalence of HIV/AIDS, and the growing proteomics market is key factors driving demand for blotting tools and consumables, increasing demand for personalized medicine, and launching new products. The increase in HIV prevalence has contributed to an immense demand for blotting tests. As of 2016, about 36.7 million people worldwide have lived with HIV, according to the CDC. Due to its greater precision in detecting HIV antibodies in the blood of the patient, blot is often favored over the enzyme-linked immunosorbent assay (ELISA) test for detecting HIV. On the first attempt to screen for HIV, however, healthcare professionals prescribe ELISA. However, Blot also helps to confirm the HIV infection in the body of the patient. Although this testing tool is much more complex compared to ELISA, it provides more detailed and efficient HIV virus detection results. According to LymeDisease.org, 52% of chronic diseases have unfavorable outcomes from ELISA studies, but Western Blot has found the same to be positive.

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Growth Drivers that Support the Global Blotting Market:

Based on End users the blotting market is divided into academic & research institutes, pharmaceutical & biotechnology firms, diagnostic centers, and others. The segment of academic & research institutes is projected to dominate the market in 2016. The segment of diagnostic centers, however, is expected to grow at the highest CAGR.
The largest market for the blotting industry was found to be North America. High awareness, growing disease prevalence and the advent of advanced diagnostic technologies are the key factors driving this market's growth. In 2010, an estimated 1,148,200 people aged 13 years and over were diagnosed with HIV infection in the United States, including 207,600 (18.1%) people whose infections were not diagnosed, according to the Centers for Disease Control and Prevention (CDC). In 2019, 36,801 people received an HIV diagnosis in the U.S. and 6 dependent areas-an overall 9% decrease compared with 2015.

Europe has been listed as the second largest market and one of the leading diagnostic and treatment testing destinations for BSE and HIV diseases. At the end of 2010, about 2.3 million people in the European region were diagnosed with HIV, according to UNAIDS figures. The estimated prevalence of HIV among adults ranges from 0.2% in parts of Central Europe to 1% in parts of Eastern Europe. European Centre for Disease Prevention and Control (ECDC) and the WHO Regional Office for Europe have summarized that over the course of the last three decades, over 2.2 million people have been diagnosed and reported with HIV in the WHO European Region, including over 560 000 people in the EU/EEA. In 2020, 104 765 people were newly diagnosed with HIV.

The most potential markets for the blotting industry have been found to be Asia-Pacific and the rest of the world. These regions are improving their infrastructure and emergency care processes which are increasing the need for techniques for diagnosing diseases.

Companies Seek to Expand their Global Foot-Print

In June 2019, Thermo Fisher Scientific introduced the Western Blot and Gel Imaging iBright 1500 Imaging System Series. Strong, automatic zoom, high-resolution 9.1-megapixel camera, focus, and sample rotation and Core fluorescent blot, protein gel chemiluminescent blot, and DNA gel imaging capabilities are numerous features that enable scientists to conduct their research effectively. This launch has broadened the company's product range.

2View was launched by SYGNIS AG in May 2018. It is a distinctive technique tailored for western blotting. Within the wide range of western blot applications used, it enables extended detection. This product launch has increased the company's consumer base as well as boosted the company's market share.

Major companies functioning in the global Blotting Market are Aviva Systems Biology Corporation, Thermo Fischer Scientific, CANDOR Bioscience GmbH, Precision Biosystems, Bio-Rad Laboratories, Inc., Cygnus Technologies, Cell Signaling Technology Inc., GE Healthcare Life Sciences, and Merck KGaA, Advansta Inc.

Market Segmentation

The market segmentation of the global blotting market has been done based on technology, product, distribution channel application, vertical industry, and end-user. Apart from this, the segmentation is also being done based on the geographical landscape. The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The blotting market has been segmented by Product Type (Instruments (Wet Transfer Systems, Dry Transfer Systems, Semi - Dry Transfer Systems, Imaging Systems and Others) and Reagents and Kits), By End User (Biotechnology & Pharmaceutical Companies, Diagnostic Centers, Research Institutes, and Others)

Blotting Market is further classified on the basis of region as follows:

North America (US, Canada, Mexico), Market size, Growth Market size, growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Europe (Germany, Russia, UK, France, Italy, Spain, The Netherlands, Rest of Europe), Market size, growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific), Market size, Future forecast & Opportunity Analysis

Middle East and Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), North Africa, South Africa, Rest of Middle East and Africa), Market size, Future forecast & Opportunity Analysis

South America (Brazil, Argentina, Colombia, Rest of South America), Market size, Future forecast & Opportunity Analysis

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The Research Report Offers Answers to The Following Questions:  

What is the expected growth rate of the global market for the forecast period?

What are the key driving factors that are responsible to shape the fate of the blotting market during the forecast period?

What will be the overall size of the market during the analysis period?

What are the prominent market trends which influence the development of the blotting market across various regions?

Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

What are the challenges and threats that are likely to act as a barrier to the growth of the blotting market?

What are the major opportunities that companies can get to attain success in the world?

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This release was published on openPR.