For instance, as per the 2021 update from Global HIV & AIDS statistics, 38.4 million people globally were living with HIV in 2021. Moreover, 1.5 million people became newly infected with HIV in 2021. A higher prevalence of such diseases causes more diagnostic tests and thus boosts market growth.
Increasing demand for personalized medicine
Personalized medicine is a rapidly growing field that aims to develop treatments that are tailored to individual patients based on their genetic makeup. The use of personalized medicine is increasing as researchers and clinicians seek to improve treatment outcomes and reduce the risk of adverse events.
As personalized medicine research expands, there is a growing need for high-quality western blotting products and services that can provide accurate and reliable results. This has led to an increase in the development of new and innovative western blotting products, including reagents, kits, and instruments, which are specifically designed for personalized medicine applications.
Personalized medicine research often requires a high degree of accuracy and sensitivity, which can be achieved through western blotting techniques. The development of new technologies, such as chemiluminescence and fluorescence-based western blotting, has improved the accuracy and sensitivity of western blotting assays, making them more suitable for personalized medicine research.
Download Free Sample ReportRising incidence of chronic diseases
Chronic diseases, such as cancer, HIV, and Lyme disease, are becoming prevalent worldwide. Western blotting is a valuable tool for diagnosing and monitoring these diseases, leading to an increase in demand for western blotting products and services.
Increasing investment in research and development
Research and development activities play a significant role in the growth of the Global Western Blotting Market. This is because western blotting is a valuable tool in biomedical research, and there is a constant need to improve and develop new techniques and products to address the evolving demands of the research community.
The development of new technologies, such as chemiluminescence and fluorescence-based western blotting, has improved the accuracy and sensitivity of western blotting assays, making them more suitable for a wider range of research applications.
Technological advancements
Technological advancements have made it possible to improve the accuracy, sensitivity, and efficiency of various techniques, which has increased their utility and popularity in various fields of research.
Another important technological advancement is the development of automated western blotting systems. These systems are designed to automate the entire western blotting process, from sample preparation to analysis, improving accuracy, reproducibility, and reducing the workload of researchers.
Growing government funding
Government support has played a significant role in the growth of the global western blotting market. Governments around the world have recognized the importance of western blotting as a tool for research and clinical diagnostics and have provided funding and support for various aspects of the western blotting industry.
Governments provide funding to support research and development activities in various fields, including biomedical research, genomics, and proteomics. This has led to the development of new western blotting techniques, reagents, and instruments, which have contributed to the growth of the western blotting market.
Recent Development
- Pierce Ultra-Sensitive Chemiluminescent SubstrateLaunched in 2020 by Thermo Fisher Scientific, this substrate is designed toprovide improved sensitivity and signal-to-noise ratios for western blottingapplications.
- Novex Bolt Bis-Tris Plus gelsAlso launched in 2020by Thermo Fisher Scientific, these precast polyacrylamide gels are designed toimprove the resolution and reproducibility of western blotting experiments.
- iBind Flex Western SystemLaunched in 2020 byInvitrogen, this automated western blotting system streamlines the westernblotting process, reducing hands-on time and increasing reproducibility.
- Nitrocellulose Membrane for Western BlottingLaunchedin 2021 by Abcam, this membrane is designed to improve the sensitivity and accuracyof western blotting experiments, providing high-quality results.
Market Segmentation
Global Western Blotting market can be segmented by product, application, end user and by region. Based on the product, the market can be divided into Instruments, Consumables. Based on application, the market can be segmented into Biomedical biochemical research, Disease Diagnostics, Agriculture, Food & Beverages, Other Applications. Based on the end user, the market can be differentiated into Diagnostic Laboratories, Research Institutions, Pharmaceutical & Biotechnology Companies.
Market Players
Thermo Fisher Scientific Inc.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | By Product By Application By End User By Region |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
Key companies profiled | Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd., Danaher Corporation (Lumigen, Inc.), EMD Millipore Corporation., Bio-Rad Laboratories, Inc., PerkinElmer Inc., LI-COR, Inc., Bio-Techne Corporation (ProteinSimple Inc.) |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |