Capillary Electrophoresis Systems Market is anticipated to grow at CAGR of over 6.0% from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Capillary Electrophoresis Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” It is anticipated that the global capillary electrophoresis systems market will grow at CAGR of over 6.0% from 2019 to 2030.
The considerable growth of the global capillary electrophoresis systems market can be attributed to several factors such as, rising investment in R&D studies, increasing funding & government grants, rising focus on genomics & proteomics and several technological innovations among others. However, high costs associated with capillary electrophoresis equipment may hinder the growth of the market to a certain extent.
Rising prevalence and incidences of several diseases worldwide has triggered the need for advanced R&D scenario across all sectors of biotechnology, pharmaceuticals and research establishments. Both public and private sectors are now focusing on new innovative techniques, and ideas to obtain latest medical breakthroughs. According to studies, it was estimated that the total spending on R&D by mid-market biotechnology companies, witnessed an increment of approximately 18% between 2015 and 2016. Growing need to address several forms of ailments has been crucial in dictating the funding and R&D spending by governmental establishments as well as major market players and other research institutes. Moreover, increasing focus on drug discovery and research studies on proteomics and genomics is anticipated to compliment the growth of the global capillary electrophoresis system market during the forecast period.
Technological advancements too have played a crucial role in augmenting the global capillary electrophoresis systems market. Introduction of automated capillary electrophoresis systems have made it possible to rapidly analyze a wide spectrum of substances while governing several parameters simultaneously. Moreover, automated capillary separation techniques significantly enhance separation accuracy while concurrently augmenting reliability of qualitative & quantitative data.
Browse key industry insights spread across 170 pages with market data tables & figures & charts from the report, Capillary Electrophoresis Systems Market by Technology (Capillary Gel Electrophoresis (CGE), Capillary Zone Electrophoresis (CZE) and Capillary Electro Chromatography (CEC)) Application (Protein Analysis and Nucleic Acid Analysis) and End User (Pharmaceutical & Biotechnology Companies and Research Organizations & Institutes) – Market Size & Forecast, 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/capillary-electrophoresis-systems-market/217
However, higher cost of the capillary electrophoresis systems, need for skilled personnel to handle equipment and availability of alternative separation techniques, can restrain the growth of the capillary electrophoresis systems market to a certain extent.
North America is estimated to account for the largest market share in the global capillary electrophoresis systems market. The growth of the market in this region can be attributed to rising number of research projects related to genomics, & proteomics. Similarly, extensive investments in R&D associated with drug discovery are anticipated to compliment the growth of this segment considerably in this region. However, Asia Pacific is projected to account for the highest CAGR during the forecast period, owing to supportive government regulations, growing economy and increasing funding & research grants.
The prominent players operating in the global capillary electrophoresis systems market are Lumex Instruments, Unimicro Technologies, WynSep, Agilent Technologies, Inc., PINNACLE TECHNOLOGY, ProteinSimple, SEBIA, Capital HPLC Limited, BiOptic. Inc., Helena Laboratories (UK) Limited and other prominent players
Market Industry Reports is a global leader in market measurement and advisory services. It is a 100% subsidiary of ExlTech. The firm has always been at the forefront of innovations to address worldwide industry trends and opportunities. We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates consumer study in more than 100 countries, providing a tactical approach to drive sustained business growth. We continue to pioneer state-of-the-art approach in research & analysis that will help you to overcome complexities and stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence, we unfold contingencies for our clients in the evolving world of technology, mega-trends, and industry convergence. We inspire our clients to empower and shape their businesses and to build world-class products.