Electrophoresis Equipment and Supplies Market is Projected to Record US$1925.2 mn by 2019

The global market for electrophoresis equipment and supplies is dominated by Bio-Rad Laboratories, Inc., which owns nearly half the market. GE Healthcare, Ltd. and Hoefer, Inc. account for the second and third substantial share of the pie, respectively. Evidently, the global electrophoresis equipment market is exceptionally consolidated with three players reserving 81.9% of the market as of 2012. Bio-Rad Laboratories, Inc. is considered among the earliest electrophoresis market players and has built a strong customer base along with a credible market reputation.

Enhanced technology, innovative solutions, varied product portfolio, and efficient after-sales services are the prominent reasons behind the dominance by Bio-Rad Laboratories Inc., GE Healthcare Ltd., and Hoefer Inc. since many years. However, several new players have entered the electrophoresis segment, making the environment highly competitive. The rivalry is poised to get even stiffer in the future with new players entering the market with innovative electrophoresis technologies. The report estimates the global market for electrophoresis equipment and supplies to value US$1925.2 mn by 2019.

By technology, the global gel electrophoresis equipment and supplies market is estimated to value US$909.1 mn by 2019. This significant demand is because of its increasing use in genomics. Two-dimensional gel electrophoresis equipment is expected gain ground quickly during the forecast period as it is considered to be the most preferred technique for proteomics research. Capillary electrophoresis is emerging at a significant growth rate and the report observes it to be the most preferred choice of research institutes, owing to reasons such as high efficiency, high resolution, complete automation, minimum sample and solvent requirements, on-line detection capabilities, and ease of miniaturization. By application, the segment of hemoglobin analysis is the most established market. Nucleic acid and protein analysis are other important applications of electrophoresis that are expected to growth at a healthy rate due to a significant rise in proteomics research.

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Geographically, North America is the leading market for electrophoresis equipment and supplies and is forecast to sustain a strong demand, reaching a valuation of US$742.3 mn by 2019. The North America market is driven by innovation in electrophoresis techniques, the acceptance of new technologies, and a procedural (usage pattern) shift towards combination techniques. The Asia Pacific market for electrophoresis equipment and supplies is projected to expand at the most robust rate and reach a valuation of US$397.1 mn by the end of the forecast period because of the overall development in healthcare infrastructure and research facilities in this region.

The report notes that various factors have contributed to the growth of the electrophoresis equipment and supplies market across the globe. Primarily, a paradigm shift from genomics to proteomics has resulted in technological advancements, thereby assisting drug discovery researchers by offering added sensitivity, increased resolution, and higher throughput from traditional protein research tools. Growth in the proteomics market has consequently driven the global electrophoresis equipment and supplies market.

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Moreover, the global market is poised to gain from the well-established genomics market as gel electrophoresis has wide application in genomics research. Additionally, an increase in the global demand for innovative drugs and therapies has been triggering drug discovery research. Conversely, the report remarks that the lack of innovation in equipment technology is providing the market with substitutes.

According to the author of this report, “Emerging economies such as India, China, Brazil, and Mexico, with improving healthcare infrastructure and high disposable income, are developing healthcare infrastructure and research capacities in drug and therapy discovery. Most companies based in North America outsource drug research operations and clinical trials to these countries and consequently, the past decade has witnessed a sharp increase in the number of clinical trials carried out in Asia. Also, new technology and efficient electrophoresis equipment development offers new opportunities.”

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