Global Electrophoresis Market is anticipated to grow at a 5.3% CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Electrophoresis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global electrophoresis market is anticipated to grow at a 5.3% CAGR from 2019 to 2030
The continual growth of the electrophoresis market can be attributed to several factors, namely increasing investment in R&D, growing focus on drug discover, and increasing incidences of infectious diseases, cancer and genetic disorders among others. Moreover, growing geriatric population across the globe, increasing use of Next Generation Sequencing (NGS) and increasing funding in the field of genomics, and proteomics are anticipated to further contribute to the substantial growth of the global electrophoresis market between 2019 and 2030.
Increasing Investments in R&D
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 electrophoresis market during the forecast period.
Growing Adoption of Next Generation Sequencing (NGS)
The advent of Next Generation Sequencing (NGS) has led to an exponential increment in the growing demand of sequencing, worldwide. The large amount of genomic data which is generated, requires efficient, accurate and quick analysis. The application of NGS has been pivotal in catering to these requirements, and has made it possible to sequence large genomic data in merely few hours. Application of capillary electrophoresis technique in the process of NGS enables researchers to study a wide variety of biological systems and cater to several form of complex sequencing queries.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Electrophoresis Market by Product (Electrophoresis Systems (Gel Electrophoresis Systems (Agarose Gel Electrophoresis and Polyacrylamide Gel Electrophoresis) and Capillary Electrophoresis (Capillary Zone Electrophoresis, Capillary Isoelectric Focusing, Capillary Isotachophoresis, Capillary Gel Electrophoresis, Micellar Electrokinetic Capillary Chromatography and Capillary Electrochromatography)), Electrophoresis Reagents, Electrophoresis Software and Gel Documentation Systems), Application (Quality Control & Process Validation, Research & Diagnostic) and End Users (Academic and Research Institutes, Hospitals & Diagnostic Centers, and Pharmaceutical & Biotechnology Companies) - Global Analysis & Forecast 2019-2030. in detail along with the table of contents: https://www.marketindustryreports.com/electrophoresis-market/70
Limited Sample Analysis and Low Throughput to Restrain the Market
The process of electrophoresis is extremely specific, and can be used for a specific sample under study at any given time. In other words, electrophoresis limits the area of study and focusses on definite areas at a time. Although electrophoresis is considered to be an excellent tool to separate and identify large-sized to mid-size biomolecules, but complexity in analysis of small molecules and low throughput of data rapidly, makes the utilization of this technique limited.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, rising investment in the field of R&D, increasing incidences of cancer, genetic disorders and infectious diseases is anticipated to present a lucrative growth scenario for the electrophoresis market in this region. Furthermore, supportive government regulations & norms, and growing focus of major players in this region is expected to present an attractive growth prospect for the electrophoresis market in the coming years.
Major Players in the Orthopedic Implants Market
The prominent players in the global electrophoresis market are SEBIA, Harvard Bioscience, Merck KGaA, QIAGEN, PerkinElmer Inc., Danaher, Agilent Technologies, Inc., Thermo Fisher Scientific Inc., GENERAL ELECTRIC COMPANY, and Bio-Rad Laboratories, Inc. among others
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