The Electrophoresis Market Is Predicted To Reach USD 2.66 Billion With A CAGR Of 5.4% According To Market Data Forecast Report.

The Electrophoresis Market Is Predicted To Reach USD 2.66 Billion With A CAGR Of 5.4% According To Market Data Forecast Report.

ID: 6827 | October 2018 | Region: Global

The Electrophoresis Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Electrophoresis Market is estimated to be USD 2.03 billion in 2016 and predicted to rise to USD 2.66 billion by 2021 with a CAGR of 5.4%. The market is segmented by Product ((Gel Electrophoresis (Horizontal & Vertical), Capillary Electrophoresis, Reagents, Geldoc, Imaging), Application (Diagnostic, Research, Quality Control), and End Users (Academic and Research Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Centers). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Rising funding for electrophoresis techniques, growing focus on next generation sequencing (NGS), rising incidences of chronic diseases, cancer and genetic disorders are the factors driving the growth of market. Growing number of industry-academia research collaborations and growing funding for research on genomic and proteomic techniques and will be advantageous for the market. Nevertheless, electrophoresis techniques are time consuming operations and offer limited sample analysis and presence of alternative technologies to electrophoresis may hamper the growth of market.

Reagents holds the major share in the market in terms of products while gel electrophoresis is expected to grow the fastest and academic and research institutes hold major share in terms of end users. Hospitals and diagnostic centers are expected to grow the fastest. Based on application, the research segment accounted for the largest share of this market. Low cost and sensitive approach for DNA sequencing, the major role of electrophoresis in drug discovery, rising use of electrophoresis techniques as a result of growing importance of antibody research in the development of biotherapeutic are the major factors driving the use of electrophoresis, which has boosted the demand for research applications.

North America is leading the market while Europe is at second place. Growing focus of stakeholders on research projects involving proteins, associated biomolecules and genes has helped North America dominate the market. Asia Pacific is expected to grow the fastest due to increasing research funding, growing proteomics and genomics techniques and rising adoption of advanced electrophoresis techniques

Some of the key players dominating this market include 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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