Ultraviolet Transilluminator Imaging Systems Market Expected to Expand at a Steady CAGR through 2027
Ultraviolet Transilluminator Imaging Systems Market: Drivers and Restraints
Growing research in the field of molecular biology is expected to increase demand for UV transilluminator imaging systems over the forecast period. Globally it has been witnessed that the pharmaceutical industry is shifting trend towards biological therapies which in turn is expanding the scope of studies related to DNA and RNA, the ever increasing demand for DNA based therapeutics is expected to boost demand for UV transilluminator imaging systems over the forecast period. Moreover the technological advances like digital UV transilluminator imaging systems capable of adjusting the UV dose and imaging storing capabilities are expected to increase demand for UV transilluminator imaging systems as the demand for efficient and safe imaging systems is increasing among the scientists. However, with development of alternative methods for viewing the nucleic acids is expected to hamper revenue growth of the UV transilluminator imaging systems. Increasing adoption of other non –toxic dyes instead of ethidium bromide is which do not require UV light for visualization is expected to hamper growth of the UV transilluminator imaging systems market.
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Ultraviolet Transilluminator Imaging Systems Market: Segmentation
The global UV transilluminator imaging market is segmented into two key segments, by end user and by region.
Segmentation by end user
Ultraviolet Transilluminator Imaging Systems Market: Overview
The global UV transilluminator imaging market is expected to witness robust growth over the forecast period owing to increasing demand from research institutions and owing to entry of new manufacturers in the market. Technological advances and establishment of strong distribution channels of the manufacturers is expected to promote revenue growth of the ultraviolet transilluminator imaging systems market.
Ultraviolet Transilluminator Imaging Systems Market: Region – wise Outlook
Regionally, UV transilluminator imaging systems market is segmented into seven key regions, North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific excluding Japan), Japan and Middle East and Africa (MEA)
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North America is expected to dominate the UV transilluminator imaging systems market over the forecast period. Increasing demand for new digital UV transilluminator is increasing in the North America owing to ease of operation and safety of these systems. Western Europe is expected to follow next after North America owing to high capital expenditure on R&D activities in these regions. Moreover the focus on personalized medicine is increasing in North America and Western Europe which in turn is expected to boost revenue expenditure in genetic studies and in turn evidently expected to boost demand for UV transilluminator imaging systems. UV transilluminator imaging systems market in APEJ is expected to witness rapid growth in terms of CAGR owing to increasing government spending in biotech and pharmaceutical sector and entry of new local players in the UV transilluminator imaging systems market. Japan is expected to follow next in terms of revenue growth owing to technological developments. Latin America and MEA regions are also expected to witness significant growth in UV transilluminator imaging systems market over the forecast period.
Ultraviolet Transilluminator Imaging Systems Market: Market Participants
Some market participants in the UV transilluminator market are Cleaver Scientific Ltd., Bio Imaging Systems, Maestrogen, VWR International, LLC., FOTODYNE Incorporated, Thermo Fisher Scientific Inc., UVP,LLC. and Spectronics Corporation
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