Global Electrophoresis Market Size By Product (Electrophoresis Systems, Electrophoresis Seagents), By Application (Diagnostics, Research), By End-User (Academic Research Institutes, Research Organizations), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Electrophoresis Market Size By Product (Electrophoresis Systems, Electrophoresis Seagents), By Application (Diagnostics, Research), By End-User (Academic Research Institutes, Research Organizations), By Geographic Scope And Forecast
Electrophoresis Market Size And Forecast
Electrophoresis Market size was valued at USD 2.77 Billion in 2021 and is projected to reach USD 4.57 Billion By 2030, growing at a CAGR of 5.7% from 2023 to 2030.
Some of the key reasons driving the growth of the electrophoresis devices market globally include an increase in biochemistry research projects and medical research activities. One of the key factors driving the growth of the Electrophoresis Market is the rise in complexity in the treatment of diseases like cancer, genetically transmitted diseases, and other health problems. The use of electrophoresis equipment in disciplines like protein analysis and microbial detection is increasing their acceptance. The Global Electrophoresis Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Electrophoresis Market Definition
A laboratory procedure called electrophoresis is used to sort and examine charged particles, such as proteins, DNA, or RNA, according to their size and charge. In order for it to work, charged particles must move in an electric field. The charged particles migrate towards the opposite pole at various speeds when an electric field is applied to a gel or other material containing the sample, resulting in their separation. In several study areas, including molecular biology, biochemistry, genetics, and forensics, electrophoresis is frequently employed. It is a crucial tool for research into protein analysis, DNA sequencing, and the detection of genetic diseases. Depending on the particular application, many types of electrophoresis are used, including agarose gel electrophoresis, polyacrylamide gel electrophoresis (PAGE), and capillary electrophoresis.
Gel electrophoresis systems, capillary electrophoresis systems, power supplies, gel documentation systems, reagents, buffers, stains, and molecular weight markers are just a few of the electrophoresis products available in the market. Companies also offer software solutions, maintenance services, and technical assistance to improve the effectiveness and precision of electrophoresis tests. Based on categories of product, application, and end-user, the Electrophoresis Market is divided into subgroups. It comprises electrophoresis equipment, reagents, gel documentation systems, and electrophoresis software under the heading of goods. Reagents include buffers, stains, and molecular weight markers, whereas electrophoresis systems include numerous platforms used for separation and analysis.
Software for electrophoresis assists in data processing, and gel documentation systems collect and examine gel images. Regarding applications, the Electrophoresis Market is divided into diagnostics, research, and quality control & process validation.For illness monitoring and diagnosis, electrophoresis is used in diagnostics. Proteomics, genomics, and molecular biology are examples of research applications. Product integrity and manufacturing process validation are ensured through quality control and process validation. Academic research institutions, research organizations, hospitals & diagnostic facilities, and pharmaceutical & biotechnology corporations, are the end customers of electrophoresis products. For scientific investigations, electrophoresis is used by academic research institutions and research organizations. It is used for clinical diagnostics by hospitals and diagnostic facilities, and pharmaceutical and biotechnology firms rely on it for drug research and quality control.
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Global Electrophoresis Market Overview
Electrophoresis plays a vital role in proteomic and genomic research conducted in academic and research institutes. It is also instrumental in disease diagnosis and quality control of drugs in pharmaceutical and biotechnology companies. The broad applications of electrophoresis have led market players to collaborate with academic institutions to enhance awareness about new analytical technologies among students and researchers. For example, in August 2022, SciGenom Labs, a genomics company based in India and the US, partnered with CHARUSAT University to launch a unique Ph.D. program supporting research in genomics, proteomics, microbiome disciplines, and bio-nanotech.
Numerous collaborative research projects and similar initiatives have already been initiated, with more expected in the forecast period. Companies are also providing technical and financial assistance to help university researchers commercialize their projects. These developments are anticipated to have a positive impact on the growth of the Electrophoresis Market in the coming years. The collaborations and support from industry players contribute to knowledge exchange, technology advancements, and the adoption of electrophoresis techniques in various research and diagnostic settings. Thus, Collaborations between academic institutions, research organizations, and industry players drive innovation and the development of new electrophoresis technologies.
Partnerships between companies also facilitate the expansion of product portfolios and the integration of complementary technologies, further driving market growth. Electrophoresis techniques can be complex and require a deep understanding of the underlying principles, protocols, and instrument operation. Skilled personnel is needed to perform and interpret electrophoresis experiments accurately, which may limit accessibility for researchers without specialized training. Although electrophoresis techniques have improved over time, there are still limits to the resolution and sensitivity they can achieve.
The separation of closely sized DNA fragments or detection of low-abundance molecules may require additional techniques, such as PCR amplification or advanced detection methods. The buffer solution used in electrophoresis should have the appropriate pH and ionic concentration. Incorrect buffer composition can affect the shape and migration times of DNA fragments, resulting in inaccurate interpretation of the results. However, Continuous advancements in electrophoresis technology offer opportunities for the development of improved instruments, reagents, and software. Innovations such as microfluidic electrophoresis, high-resolution separation systems, and automated platforms can enhance the efficiency, sensitivity, and throughput of electrophoresis techniques.
Global Electrophoresis Market Segmentation Analysis
The Global Electrophoresis Market is Segmented on the basis of Product, Application, End-User, And Geography.
Electrophoresis Market, By Product
- Electrophoresis Systems
- Electrophoresis Reagents
- Gel documentation Systems
- Electrophoresis Software
Based on Product, the market is segmented into electrophoresis systems, electrophoresis reagents, gel documentation systems, and electrophoresis software. The software sector would experience the fastest growth during the estimated timeframe. The straightforward methodology that walks users through each step of the research and makes it simple to spot noticeably changed proteins is to blame for the high growth rate. Software solutions that improve data analysis, image processing, and experiment automation fall under this area.
Electrophoresis Market, By Application
- Diagnostics
- Research
- Quality Control & Process Validation
Based on Application, the market is segmented into diagnostics, research, and quality control & process validation. Due to the expanding use of electrophoresis in the fields of drug discovery, proteomics, genomics, and antibody research, the research segment currently holds a monopoly on the market in terms of application. However, because of advancements in the sensitivity, accuracy, and speed of electrophoresis equipment, the quality control and process validation segment is anticipated to experience significant expansion throughout the Electrophoresis Market projection period. Additionally, factors like the increased interest in DNA, gene, and protein-related research as well as the rising demand for novel treatments and medications are anticipated to fuel the market’s expansion during the forecast period.
Electrophoresis Market, By End-User
- Academic Research Institutes
- Research Organizations
- Hospitals & Diagnostic Centers
- Pharmaceutical & Biotechnology Companies
Based on End-User, the market is segmented into academic research institutes, research organizations, hospitals & diagnostic centers, and pharmaceutical & biotechnology companies. The pharmaceutical and biotechnology companies segment dominated the market in terms of end users, and this trend will likely continue during the forecast period due to an increase in the penetration of electrophoresis in these industries for DNA analysis, antibody testing, protein detection, and DNA fragmentation. The use of electrophoresis, which has many advantages for research organizations including being less time-consuming, requiring fewer reagents, and only requiring a small amount of sample, is expected to grow significantly over the course of the forecast period, which will favorably impact the research institutes segment.
Electrophoresis Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on Regional Analysis, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is anticipated to lead during the forecast period, primarily as a result of government measures to support research, the growing urgency of fighting cancer, and expanding public-private collaborations to support genomes and proteomics research. Furthermore, due to the increased R&D efforts by industry participants and research institutions, Europe is also anticipated to have considerable growth in the Electrophoresis Market.
Key Players
The “Global Electrophoresis Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Merck KGaA, Agilent Technologies Inc. io-Rad Laboratories Inc, Thermo Fisher Scientific Inc., Cleaver Scientific Ltd., Major Science Co., Ltd., Danaher Corporation, PerkinElmer Inc., QIAGEN N.V., Lonza, Shimadzu Corporation, HOEFER INC., Serbia Group, Helena Laboratories Corporation, Syngene, VWR International, TBG Diagnostics Ltd., Analytik Jena GMBH, Oprl Biosciences PVT.LTD., Kaneka Eurogentec S.A., Bio World, National Analytical Corporation, AES life sciences, and Takara Bio Inc.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- As an exclusive distributor partner in India, Advanced Electrophoresis Solutions Ltd (Canada) signed with Medispec (India) in April 2023. This will enable numerous Indian firms to utilise AES’ critical solutions.
- A new Applied Biosystems SeqStudio Flex Series Genetic Analyzer was released in February 2022 by Thermo Fisher Scientific (US) to support clients’ cutting-edge research in fields including gene editing and infectious diseases.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2018-2030 |
Base Year | 2021 |
Forecast Period | 2023-2030 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Key Companies Profiled | Merck KGaA, Agilent Technologies Inc. io-Rad Laboratories Inc, Thermo Fisher Scientific Inc., Cleaver Scientific Ltd., Major Science Co. |
Segments Covered | By Product, By Application, By End-User, And By Geography |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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