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Global Electrophoresis Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product, Application, End Users & Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 2850
Pages: 180
Formats: report pdf report excel report power bi report ppt

Electrophoresis Market Size (2022 to 2027)

The size of the global electrophoresis market is estimated to be worth USD 3.1 billion by 2027 from USD 2.38 billion in 2022, growing at a CAGR of 5.4% from 2022 to 2027. 

MARKET DRIVERS:

The emergence of the latest technologies and the launch of innovative devices are expected to drive the global electrophoresis market.

Increasing demand for genomics applications and the rise in investments in research centers are propelling the market growth. The growing tendency for artificial chromosome libraries and even demands for genetic mapping significantly influences the growth of the market. Also, increasing support from the government to develop quality treatment procedures is accelerating the market's growth. Furthermore, the electrophoresis market is fuelled by the growing prevalence of the analysis of vaccines and drugs in the pharmaceutical industry.

Furthermore, the rise in the prevalence of chronic diseases like infectious diseases, cancer, and genetic disorders drives the Global Electrophoresis Market. The healthcare organization's growing investments for research and development of techniques like genomic, proteomic, and electrophoresis techniques boost the market growth. The rise in the Next Level Sequencing (NGS) usage and the increase in capillary electrophoresis with mass spectroscopy are propelling the market growth.

Moreover, many industries and academic research institutes are collaborating and integrating innovations in biochemical, molecular, and biological research to develop an effective treatment, fueling the market. Further, the increase in the Prominence of Nanoproteomics is another factor that is demanding market growth.

The increase in the usage of Electrophoresis techniques in emerging countries like China, India, etc., is expected to boost the market in coming years. The rise in the number of clinical, forensic, and research laboratories boosts the market. Moreover, the move from plant-derived to genome-based drug discovery is estimated to propel the market. The increasing demand for personalized medicine is a significant opportunity for the Electrophoresis Market.

MARKET RESTRAINTS:

The high cost associated with the instruments and reagents is restraining the market growth. The presence of alternative technologies which are providing better efficiency and results are hindering the Electrophoresis Market. Moreover, the limited sample analysis and time-taking operations are hammering the market.

Due to heavy usage of hazardous chemicals used in conjunction with electrophoresis, it may affect the patient, available on Electrophoresis Instruments. So, Safety is the only and significant challenge for the electrophoresis market.

COVID-19 Impact on the global electrophoresis market:

The COVID-19 was caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), and it is an infectious disease. The COVID-19 had left a positive impact on the electrophoresis market. As Electrophoresis is basically used to separate DNA, RNA, or protein molecules based on their sizes, the electrophoresis method is used to develop effective therapies for COVID-19, which had boosted the Electrophoresis Market during the pandemic.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Analysed

By Product, Application, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the global electrophoresis market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2027.

Electrophoresis Market - By Product:

  • Gel Electrophoresis
    • Horizontal
    • Vertical
  • Capillary Electrophoresis
  • Reagents
  • Geldoc
  • Imaging

Based on Product, the electrophoresis reagents are held a significant share in the market in terms of products and growing at a CAGR of 6.13% during the forecast period. The rise in the demand for consumables with electrophoresis systems into the research field for drug discovery, proteomics, genomics, and personalized medicine drives electrophoresis reagents. Also, the electrophoresis reagent's limitless demand in laboratory applications is boosting this segment. Further, Gel Electrophoresis is expected to grow faster during the forecast period.

Electrophoresis Market - By Application:

  • Diagnostic
  • Research
  • Quality Control

Based on the application, the diagnostic application is dominating the market shares during the forecast period. The rise in electrophoretic techniques in clinical diagnostics tests such as hemoglobin testing, blood alcohol measurement, etc., is driving the Electrophoresis Diagnostic application. The Electrophoresis Research segment is estimated to grow fast during the forecast period due to its widening application of electrophoresis in drug discovery.

Electrophoresis Market - By End Users:

  • Academic and Research Institutes
  • Pharmaceutical & Biotechnology Companies
  • Hospitals & Diagnostic Centers

Based on end-users, the Hospitals and diagnostic centers hold a significant share in terms of end-users. Academic and research institutes are expected to grow the fastest. Increasing the construction of hospitals with a rise in the funds from private and public organizations is escalating the growth of the electrophoresis market.

Electrophoresis Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America is accounted for in holding the largest shares in the global electrophoresis market. The rise in the capital income in both developed and developing countries is boosting up the growth of the market. Also, the quick adoption of advanced technology is making the market move forward. The increase in innovation in electrophoresis techniques, the rise of private and government funding for research on proteins and genes, and the presence of key market players drive the North American electrophoresis market. 

The Asia Pacific is positioned second in leading the highest shares of the market with the rising geriatric population. The market is expected to grow at a CAGR of 6.72% during the forecast period. The growing investments in pharmaceutical and biotechnology companies, rise in awareness about personalized therapeutics, the low cost in manufacturing, and increasing research activities in mAbs-based therapeutics are driving the Asia pacific electrophoresis market.

Europe has been growing faster from past years and is expected to continue the same flow in the near future. The UK electrophoresis market is currently holding the highest shares owing to constant economic growth from the past few years. Germany's electrophoresis market is positioned second due to the development of new products with advanced technologies.

Latin America, and Middle East & Africa are expected to have significant growth opportunities in the coming years.

KEY MARKET PARTICIPANTS:

Some of the notable players dominating the global electrophoresis market profiled in the report are Bio-Rad LaboratoriesGE HealthcareThermo Fisher Scientific Inc., Danaher Corporation, Agilent TechnologiesMerck Millipore, PerkinElmer, QIAGEN N.V., Lonza Group Ltd., Shimadzu Corporation, Harvard Bioscience, Serbia Group, and C.B.S. Scientific Company.

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