Blotting Market to Grow Rapidly due to Increasing Applications in Healthcare, Biotech & Pharma Industry

A recent industry analysis on Blotting Market is a thorough study of the latest market trends prevailing in the global business sphere. The primary highlights of the market study offer market size, important details pertaining to market share, profit estimations, statistics, and applications of this product. The market study elucidates a detailed competitive analysis including growth strategies implemented by the major players of the market.

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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 are 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.

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 that 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 scientist 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.

The report answers the following questions-
1. What is the market share of important countries in each of the regions?
2. Which regions and countries will show the highest growth potential in the forecast period?
3. At what rate the Blotting market is expanding globally and what are the key upcoming trends in this market?
4. Which product and applications are at the top and hold a good potential and chances of growth?
5. Which are the main Blotting market players and their competitors?
6. What are the constraints currently impacting the market growth and the main market drivers influencing growth over the period of forecast?

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This release was published on openPR.