As per our report, the Latin America Electrophoresis Market Size valued at USD 0.29 billion in 2022. This figure is estimated to be growing at a CAGR of 5.7%, to reach USD 0.38 billion by 2027.
The electrophoresis technique is used to physically separate macromolecules such as RNA, nucleic acid fragments, and proteins based on their molecular size and electrical charge.
Increased investment in research and development of genomics, proteomics, and electrophoresis techniques by LATAM health organizations is expected to prolong the growth of the target market, due to the characteristics of electrophoresis that allow separation and precipitation screened with salts or organic solvents. Also, the increasing integration and collaboration between various industries and academic research institutes for effective innovations in biochemical, molecular, and biological research for the development of effective treatments using electrophoresis techniques are expected to support the market growth of the electrophoresis in LATAM.
The factors driving the electrophoresis market's improvement are a collaboration between major market players and academic institutions, funding of research in electrophoresis technique, and increasing focus on new sequencing technique generation. Factors obstructing the electrophoresis market's development during the forecast period include costly electrophoresis apparatus and a time-consuming technique. Other factors driving the electrophoresis market include the growing importance of proteomics research. Hence, the growth of the proteomics market has boosted the electrophoresis market. In short, an electrophoresis technique will continue to be used in the clinical laboratory and medical science.
Hazardous chemicals commonly used in conjunction with electrophoresis work include ethidium bromide, acrylamide, phenol, and chloroform. Safety is a significant challenge when it comes to the growth of the electrophoresis market.
This research report on the Latin America Electrophoresis market has been segmented and sub-segmented the Latin America Electrophoresis Market into the following categories:
The LATAM electrophoresis market is expected to develop at an elevated CAGR during the forecast period. This region is expected to grow at the highest rate during the forecast period, mainly due to increased proteomics and genomics research, increased investments by pharmaceutical and biotechnology companies, developing personalized awareness therapies, and elevated research activities in the sector of mAb therapeutics. LATAM is expected to be a very attractive market during the forecast period due to the existence of large numbers of patients and government initiatives to implement various surveillance programs. The academic and research institutes segment accounted for the majority of the electrophoresis market in 2019. This is mainly attributed to the growing number of collaborations between industry and academia and increased research funding for research in genomics and proteomics between university institutes and research institutes.
Top Companies leading this Latin America Electrophoresis Market Profiled in the Report are Bio-Rad Laboratories, GE Healthcare, Thermo Fisher Scientific Inc, Danaher Corporation, Agilent Technologies, Merck Millipore, PerkinElmer, QIAGEN N.V., Lonza Group Ltd., Shimadzu Corporation, Harvard Bioscience, Sebia Group and C.B.S. Scientific Company
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