Northern Blotting Market Growth and Segments,2016-2026

Completion of the human genome project in 2003 has created a significant importance for the identification of gene and its expression. These processes are used to understand the functions of different genes in the body and to identify the diseases and disorders associated with them. Northern Blotting is a key technique in molecular biology to identify the gene and related disorder. It works on DNA-RNA hybridization technique and is similar to Southern Blotting technique. Northern Blotting has widespread use in molecular and biological research to calculate the RNA size and related protein that RNA encodes. It is also used to identify the specific site of RNA where gene expression occurs along with identification of the gene expression patterns. Gene identification and expression has become an important aspect in drug discovery and development and has widespread applications in pharmacogenomics, diagnostics, toxicology etc. These widespread application has created a significant importance for Northern Blotting technique and it is expected to boost the market growth of Northern Blotting in near future.

Northern Blotting market is expected to grow with a healthy CAGR over the forecast period owing to increasing investment in pharmaceutical and biotechnology industry related to R&D procedures. The major use of northern blotting technique is in cancer study. According to WHO, approximately 14 Million cases of cancer were reported in the year 2012. The prevalence and incidence of cancer is increasing across the globe and expected to increase the investment in cancer related research programs which in turn, can boost the growth of Northern Blotting market over the forecast period. Major driver of this market is the increase investment in R&D, widespread usage of northern blotting in healthcare, agriculture and pharmaceutical industry. On the other hand the high price of the products coupled with substitute technology can hamper the growth of northern blotting market over the forecast period.

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The Global Northern Blotting market has been classified on the basis of product, application and end user

On the basis of product the market is classified as the following:

Segmentation by Product

Instruments

Manual

Automated

Semi-automated

Consumables

Reagents

Kits

Segmentation by Application

Academic Research

Medical Diagnosis

Agricultural research

Drug Discovery and Development

Segmentation by End User

Clinical Research Organizations

Pharmaceutical & Biotechnology Industries

Research Labs

Academic Institutions

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Geographically the northern blotting market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific and MEA region.

Northern Blotting market is expected to show a healthy growth rate over the forecast period. Based on the R&D spending, the major market of northern blotting lies in North America and Europe owing to high allocation of funds in R&D. Demand for northern blotting in these regions is expected to grow as most of the large research labs and research organizations are based in these regions. Latin America shows signs of positive growth especially in Brazil and Mexico owing to increase in healthcare expenditure. Asia pacific region is expected to show a high growth in this market due to the increase in R&D funding in countries like China, India and South Korea coupled with increasing number of CROs in countries like China and India. Japan is one of the leading countries in APAC to spend maximum in the R&D facilities and expected to witness healthy growth in northern blotting market.

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This release was published on openPR.