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Electrophoresis Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Electrophoresis Global Market
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According to The Business Research Company's, 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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Market Drivers and Trends:
An increase in research activities is expected to drive the growth of the electrophoresis market going forward. Research activities refer to systematic and organized efforts conducted by individuals, teams, or institutions to gather, analyze, interpret, and generate new knowledge or insights in a particular field of study. Electrophoresis is a fundamental technique in molecular biology and biochemistry research, providing a powerful tool for the separation and analysis of macromolecules such as DNA, RNA, and proteins. In research, electrophoresis is employed to unravel genetic information, study protein structures, and investigate molecular interactions. This technique enables scientists to visualize and characterize biomolecules based on their size, charge, and other properties, contributing crucial insights to fields like genetics, genomics, proteomics, and drug discovery. For instance, according to an article published in January 2023, by the National Center for Science and Engineering Statistics, a US-based statistical agency, the U.S. R&D spend increased by $51 Billion in 2020 to reach $717 Billion and the R&D spending is estimated to increase and reach $792 Billion in 2021. Therefore, an increase in research activities is driving the genome editing and genome engineering market.
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.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Electrophoresis Market 2024 Key Insights:
• 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%.
• Navigating The Surge In The Electrophoresis Market Amidst Rising Incidence Of Cancer And Infectious Diseases
• Navigating Technological Advancements In The Electrophoresis Market With Minipcr Bio's Gelato System
• North America was the largest region in the electrophoresis market in 2023
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