Electrophoresis Reagents Market 2024-2033 - Size, Share, Trends, Overview

The electrophoresis reagents market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased demand for clinical diagnostics, introduction of innovative reagents, growing academic and research institutes, clinical research and biomarker discovery, global market expansion.

The electrophoresis reagents market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to expansion of point-of-care testing, shift towards capillary electrophoresis, focus on sustainable reagent formulations, demand for high-throughput analysis, advancements in microfluidic electrophoresis. Major trends in the forecast period include technological advancements in electrophoresis techniques, adoption of next-generation sequencing (ngs), demand for high-throughput techniques, strategic collaborations and partnerships, integration of artificial intelligence (ai) in data analysis, customization and compatibility.

Market Overview -
The electrophoresis reagents refer to a substance or mixture designed to simplify electrophoretic separation and analysis of samples. It separates biological molecules, such as proteins and DNA, from cells. These electrophoresis reagents are chemical entities that facilitate the sample analysis and electrophoretic separation in the process of electrophoresis.

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Impact Of Rapidly Increasing Geriatric Population On Electrophoresis Reagent Market
The rapidly increasing geriatric population is expected to propel the growth of the electrophoresis reagent market. 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 October 2022, according to the World Health Organization, a US-based specialized health agency, Globally, 1 in 6 people will be 60 or older by 2030, and there will be a double amount of individuals in this age group (2.1 billion) by 2050. Additionally, for instance, in June 2021, according to the UK Parliament's House of Commons Library, a UK-based information resource, By 2043, there will be a rise in the senior population in the UK, which will make up 24% of the total population (17.4 million people). Therefore, the rapidly growing geriatric population is driving the growth of the electrophoresis reagent market .

Competitive Landscape -
Major companies operating in the electrophoresis reagents market report are Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Bio-Rad Laboratories Inc., Agilent Technologies Inc., Lonza Group Ltd., Takara Bio Inc., Sebia Group, The Merck Group, BioAtlas OU, Cytiva, Promega Corporation, Helena Laboratories Corporation, Randox Laboratories Limited, Apacor Limited, Qiagen NV, Hoefer Inc., VWR International GmbH, anamed Elektrophorese GmbH, Alfa Aesar, General Electric Company, Merck Millipore, GenScript Corp., Zymo Research Corp., Omega Bio-tek Inc., Norgen Biotek Corp., Eurofins Genomics LLC

Innovative Trends Shaping The Electrophoresis Reagents Market
Product innovations have emerged as a key trend gaining popularity in the electrophoresis reagents market. Major companies operating in the electrophoresis market are developing innovative products to sustain their position. For instance, in February 2022, Kemira Oyj, a Finland-based chemical industry company launched biomass-balanced polyacrylamide. The polymer has the same technical characteristics as its conventional counterpart and is soluble in water. It can be applied in the energy sector as well as potentially in extremely demanding paper applications, in addition to the water treatment industry and other water-intensive industries .

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Key Segments -

The electrophoresis reagents market covered in this report is segmented -

1) By Product: Gels (Polyacrylamide, Starch, and Agarose), Buffer (TAE Buffer, TBE Buffer, and Other Buffers), Dyes (ETBR, SYBR, Bromophenol Blue and Others), Other Reagents
2) By Technique: Capillary Electrophoresis, Gel Electrophoresis
3) By Application: DNA and RNA Analysis, Protein Analysis
4) By End-User: Pharmaceutical and Biotechnology Companies, Hospitals and Diagnostic Laboratories, Academic and Research Institutions, Others End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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