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Anticipating Market Boom: How the Surge in Geriatric Population is set to Accelerate the Growth of the Electrophoresis Reagent Industry || Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Bio-Rad Laboratories Inc
Electrophoresis Reagents Market
The Business Research Company's Electrophoresis Reagents Global Market Report 2023 the rapidly increasing geriatric population is the major driver for the electrophoresis reagents market's growth in the forecast period. The geriatric population is the number or percentage of people with 60 years of age and older in the total population. Hemoglobin electrophoresis examines haemoglobin levels and is most commonly used to diagnose anemia, sickle cell disease, and other haemoglobin disorders. For instance, in 2020, according to data published by the Organization for Economic Co-operation and Development, a France-based intergovernmental organization with 38 member countries, the percentage of the geriatric population in the total global population increased to 9.33%, from 9.11% in the previous year, i.e., 2019.
The global electrophoresis reagents market size is expected to grow from $1.18 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electrophoresis reagents market size is expected to grow to $1.57 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the electrophoresis reagents market are Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Bio-Rad Laboratories Inc., Agilent Technologies Inc., Lonza Group, Takara Bio Inc., Sebia Group, Merck KGaA, BioAtlas OU, Cytiva.
A key trend in the electrophoresis reagents market includes technological advancements. Major companies operating in the electrophoresis market are adopting new technological solutions to sustain their position. For instance, in September 2020, a US-based miniPCR bio, a life sciences company, launched the GELATO electrophoresis system for fast DNA analysis. This GELATO combines gel electrophoresis with transillumination technology, enabling nucleic acid separation and visualization in a single, compact design.
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The electrophoresis reagents market is segmented -
• By Product: Gels (Polyacrylamide, Starch, and Agarose), Buffers (TAE Buffer, TBE Buffer, and Other Buffers), Dyes (ETBR, SYBR, Bromophenol Blue, and Others), and Other Reagents
• By Technique: Capillary Electrophoresis, Gel Electrophoresis
• By Application: DNA and RNA Analysis, Protein Analysis
• By End-User: Pharmaceutical and Biotechnology Companies, Hospitals and Diagnostic Laboratories, Academic and Research Institutions, Others End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electrophoresis reagents market.
The Business Research Company's "Global Electrophoresis Reagents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electrophoresis Reagents Market Include:
1. Executive Summary
2. Electrophoresis Reagents Market Characteristics
3. Electrophoresis Reagents Market Trends And Strategies
4. Electrophoresis Reagents Market - Macro Economic Scenario
5. Electrophoresis Reagents Market Size And Growth
……………
27. Electrophoresis Reagents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrophoresis Reagents Market
29. Electrophoresis Reagents Market Future Outlook And Potential Analysis
30. Appendix
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