Electrophoresis Equipment and supplies Market Expecting Worldwide Growth by 2020
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The biotech and healthcare are the slightly affect industries from the recent global economic downturn and many of the biotech companies also started to reemerge from the recession and are expected to have positive gains. Electrophoresis equipments markets are included in biotechnology instruments market. Globally, the U.S. represents the largest market for electrophoresis supplies and equipment while growth is expected to robust in the markets of Asia pacific. In terms of revenue the market is expected to generate more than USD 2,800 million by 2020.
The factors contributing the market growth are increasing demand for innovative therapies and drugs and worldwide growing research projects related to genes, proteins and certain biomolecules. Further the market will be driven by the increasing popularity for electrophoresis devices as it is the most widely used technology, increasing demand for advanced gel imaging systems and by innovative products. Along with proteomics research various other industries involve in research are expected to start using the electrophoresis equipments which in turn is expected to increase the demand for the equipments globally.
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Gel electrophoresis systems are the largest segment with respect to product category while polyacrylamide and agarose gels are the most popularly used form of the gel electrophoresis. Capillary electrophoresis is estimated to be the fastest growing market in the coming years. Some of the major players of the market are Agilent Technologies, Dionex Corporation, Bio-Rad Laboratories Inc., GE Healthcare, Hoefer Inc., Life Technologies Corp., Beckman Coulter Inc., Owl Separation, Lonza Group Ltd., SERVA Electrophoresis GmbH, C.B.S Scientific Company Inc., Thermo Fisher Scientific Inc., Sebia, and Helena Laboratories Corp.
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