Press release
Global Electrophoresis Market: Strong Growth Trajectory with CAGR of 8.2% by 2029, Key Drive by Rising Genetic Disorders
"Decisive Factors and Trends Fueling the Conversion Towards Capillary Electrophoresis and Next-Generation Sequencing
What Is The Projected Market Size Of The Global Electrophoresis Market And Its Growth Rate?
•The global electrophoresis market size is experiencing substantial growth, from $3.07 billion in 2024 to an expected $3.25 billion in 2025, registering a CAGR of 5.8%.
•Factors contributing to market growth include an increase in the occurrence of genetic disorders, heightened activities in drug discovery and development, advancements in molecular biology, protein analysis in proteomics research, and a surge in clinical diagnostics applications.
•The escalating shift towards capillary electrophoresis, demand for high-throughput analysis, expansion in food and beverage testing, diagnostic applications in infectious diseases, and advancements in microfluidic electrophoresis are projected to propel the market size to $4.44 billion by 2029, attaining an impressive CAGR of 8.2%.
What Is Driving The Growth In The Electrophoresis Market?
The accelerated pace of the global electrophoresis market is largely provoked by the mounting incidence of cancer, infectious diseases, and genetic disorders. Emergent infectious diseases with pandemic potential, such as plague, cholera, and severe acute respiratory syndrome, coupled with the multi-causal nature of diseases such as cancer, diabetes, and heart disease, have necessitated the application of electrophoresis for effective diagnosis and treatment. Electrophoresis serves to detect and separate DNA, RNA, or protein molecules and aids pharmaceutical dosage accuracy, responding to elevated demand owing to health crises such as the rising cancer incidence noted by UK-based charity Macmillan Cancer Support, which documented an increase from 3 million in 2022, with projections of 3.5 million by 2025 and 4 million by 2030.
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Who Are the Key Players Driving Electrophoresis Market Growth?
Key market players include:
•Bio-Rad Laboratories Inc.
•Thermo Fisher Scientific Inc.
•Danaher Corporation
•Agilent Technologies Inc.
•Merck Group
•PerkinElmer Inc.
•QIAGEN N.V.
•Lonza Group Limited
•Shimadzu Corporation
•Harvard Bioscience Inc. and others.
What Are The Key Trends In The Electrophoresis Market?
Major trends include:
•Adoption of 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
What Are The Segments Of The Global Electrophoresis Market?
The global electrophoresis market is segmented into:
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
Which Region Leads The Electrophoresis Market?
In 2024, North America held the largest share of the global electrophoresis market. Other key regions included in this report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Electrophoresis Market Global Market Report?
- Market Size Analysis: Analyze the Electrophoresis Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electrophoresis Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electrophoresis Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electrophoresis Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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