According to a recent FMI market report titled ‘Electrophoresis Equipment and Supplies Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027,’ the global Electrophoresis Equipment and Supplies Market was valued at US$ 1,854.8 Mn in 2017 and is expected to grow at a 4.5% CAGR from 2018 to 2027.
Increasing Application of Capillary Electrophoresis in Microbial Detection Driving Electrophoresis Equipment and Supplies Market Growth
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The global market for electrophoresis equipment and supplies is segmented by type, application, end user, and region. On the basis of type, the electrophoresis equipment and supplies market is segmented into capillary electrophoresis, gel electrophoresis and other accessories. Because of the growing preference for capillary electrophoresis equipment and supplies, the capillary electrophoresis equipment and supplies segment is expected to grow at a faster CAGR than gel electrophoresis.
The increase in the number of research activities in biochemistry and medical research projects are some of the primary factors driving the global electrophoresis equipment and supplies market. Increasing complexities in the treatment of diseases, such as cancer, genetic transmitted diseases and other health issues, is also one of the factors fuelling the growth of the electrophoresis equipment and supplies market. The use of capillary electrophoresis equipment and supplies in areas such as microbial detection and protein analysis is increasing their popularity.
The recent boom in biological research activities in different areas, such as research and academic institutes, hospitals and others, for performing DNA analysis, sequencing and other processes is boosting the demand for electrophoresis equipment and supplies globally. Furthermore, the rapid increase in competition among pharmaceutical and biotechnology companies is increasing the demand for efficient and automatic equipment, such as electrophoresis equipment and supplies. These industry verticals are using electrophoresis equipment and supplies for drug discovery, antibody research and others considering that the applications of electrophoresis equipment and supplies are expected to increase significantly over the forecast period.
The electrophoresis equipment and supplies market is divided into three applications: diagnostics (proteins), haemoglobin, and microbial detection. Due to increase in the transmission of infectious diseases, the need for finding out suitable solutions is rising, owing to which the adoption of electrophoresis equipment and supplies is also increasing rapidly. Given the growing demand for various studies, the electrophoresis equipment and supplies market is expected to grow significantly over the forecast period.
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The electrophoresis equipment and supplies market is segmented based on equipment type, taking into account the categories in which electrophoresis equipment and supplies are available as well as their application areas. The electrophoresis equipment and supplies market is divided into three categories: gel electrophoresis, capillary electrophoresis, and accessories. The revenue contribution from the capillary electrophoresis segment is expected to grow at a CAGR of 5.8% in the global electrophoresis equipment and supplies market during the forecast period. Capillary electrophoresis is widely used because it is simple to use and provides accuracy, contributing to the growth of the electrophoresis equipment and supplies market.
Increasing Application in Studying DNA Sequencing and Molecular Level Identification to Boost Electrophoresis Equipment and Supplies Market Growth
The electrophoresis equipment and supplies market is divided into hospitals and diagnostics centres, academic and research institutes, biotechnology and pharmaceutical companies, and others. The demand for electrophoresis equipment and supplies from academic and research institutes is expected to grow significantly due to constant investments in conducting research for studying biological properties and molecular identification. Furthermore, biotechnology and pharmaceutical companies are focusing on modifying the properties of their products, so the number of DNA-level studies is rapidly increasing, fuelling the demand for electrophoresis equipment and supplies.
Regional Overview: North America to Dominate the Global Market
The electrophoresis equipment and supplies report also covers the trends that drive each segment, as well as offers analysis & insights regarding the growth potential of the market in regions such as North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, Italy, France, Russia, U.K. & the rest of Europe), Japan, APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA).
The increased presence of biotechnology and pharmaceutical companies in North America due to increased research and development activities is one of the primary factors driving the North America electrophoresis equipment and supplies market. Over the forecast period, this region is expected to dominate the global electrophoresis equipment and supplies market. Due to rapid industrialisation, which has created a demand for electrophoresis equipment and supplies in this region, the APEJ region is expected to grow at a CAGR of 6.5% over the forecast period. Furthermore, the demand for electrophoresis equipment and supplies in developing countries is increasing due to the penetration of international brands in this region, which has created the demand for devices such as electrophoresis equipment and supplies to deliver quality products.
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Key Players in the Electrophoresis Equipment and Supplies Market
The company is offering electrophoresis equipment and supplies for different end users such as hospitals & diagnostics centres, academic & research institutes, pharmaceutical & biotechnology companies and others. As per FMI analysis, Thermo Fisher Scientific is expected to dominate the global electrophoresis equipment and supplies market as the company is focusing on launching new products and upgrading its existing products to enhance its user experience and customer base. Some of the market participants featured in the global electrophoresis equipment and supplies market report are Bio-Rad Laboratories; GE Healthcare; Harvard Bioscience, Inc.; Sebia Group; Thermo Fisher Scientific Inc.; Danaher Corporation; Agilent Technologies; Hoefer Inc.; Merck Millipore; PerkinElmer, Inc.; QIAGEN N.V.; Labnet International, Inc.; Lonza Group Ltd.; Lumex Instruments; Shimadzu Corporation and others. These players are focusing on entering the electrophoresis equipment and supplies market in new areas of developing regions.
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