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Global Electrophoresis Market 2024 : Trends, Business Growth And Major Driving Factors | Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc
Electrophoresis Global Market Report 2024
Electrophoresis Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.5 billion In 2028 At A CAGR Of 7.9% :
The electrophoresis market size has grown strongly in recent years. It will grow from $2.96 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rising incidence of genetic disorders, drug discovery and development, protein analysis in proteomics research, increased clinical diagnostics applications, advancements in molecular biology.
The electrophoresis market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to shift towards capillary electrophoresis , demand for high-throughput analysis, expansion in food and beverage testing, diagnostic applications in infectious diseases, advancements in microfluidic electrophoresis. Major trends in the forecast period include next-generation sequencing (ngs) and omics technologies, integration of artificial intelligence (ai) in data analysis, customization and personalization of electrophoresis systems, market expansion in emerging economies, strategic acquisitions and mergers.
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Electrophoresis Market Major Segments
The electrophoresis market covered in this report is segmented -
1) By Product: Electrophoresis Reagents, Electrophoresis Systems, Gel Documentation Systems, Electrophoresis Software
2) By Application: Research, Diagnostics, Quality Control and Process Validation
3) By End User: Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, Hospitals, Other End Users
Key Driver - Navigating The Surge In The Electrophoresis Market Amidst Rising Incidence Of Cancer And Infectious Diseases
The rising incidence of cancer, infectious diseases, and genetic disorders is expected to propel the growth of the electrophoresis market. Infectious diseases with pandemic potential have emerged and spread regularly. Plague, cholera, flu, and severe acute respiratory syndrome are examples of such infectious diseases. Furthermore, cancer has no single cause, it has multiple reasons, like diabetes and heart disease. These influence the use of electrophoresis to detect and separate DNA, RNA, or protein molecules for determining the concentration of the antibiotic, which improves dosage accuracy. For instance, in October 2023, the EU Science Hub, a Belgium-based European Commission's Joint Research Centre published an article according to which the new cancer cases rose by 2.3 % in compared to 2020, to reach 2.74 million in 2022. Similarly, cancer deaths went up by 2.4 % in 2022 compared to 2020. Therefore, the rising incidence of cancer and infectious diseases will drive the growth of the electrophoresis market.
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Prominent Trend - Navigating Technological Advancements In The Electrophoresis Market With Minipcr Bio's Gelato System
Technological advancements have emerged as a key trend gaining popularity in the electrophoresis market. Major companies operating in the electrophoresis market are adopting new technological solutions to sustain their position. For instance, in May 2023, 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.
Electrophoresis Market Players
Major companies operating in the electrophoresis market report are Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., General Electric Company, Merck Group, PerkinElmer Inc., QIAGEN N.V., Lonza Group Limited, Shimadzu Corporation, Harvard Bioscience Inc., C.B.S. Scientific Company Inc., Takara Bio Inc., Sebia Group, Analytik Jena AG, Biochrom Ltd., Biometra GmbH, Cleaver Scientific Ltd., Helena Laboratories Corporation, Hoefer Inc., Labnet International Inc., Major Science Co. Ltd., Prona Technologies Inc., Alfa Wassermann Inc., CompareNetworks Inc., Eppendorf SE, Promega Corporation, Corning Inc., LI-COR Biosciences, F. Hoffmann-La Roche AG
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Largest And Fastest Growing Region In The Market
North America was the largest region in the electrophoresis market in 2023. The regions covered in the electrophoresis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electrophoresis Market Report Structure
3. Electrophoresis Market Trends And Strategies
4. Electrophoresis Market - Macro Economic Scenario
5. Electrophoresis Market Size And Growth
…..
27. Electrophoresis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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