The Electrophoresis Market is projected to reach US$ 3.5 billion by the end of 2032, with a 4.7% CAGR in sales revenue. According to Future Market Insights’ most recent industry analysis, the market for electrophoresis is expected to be worth more than US$ 2.2 billion in 2022 and rise at a 4.7% CAGR from 2022 to 2032. Future Market Insights anticipated that reagents and consumables will make up 48.7% of the global market in 2021.
Devices like electrophoresis equipment are being quickly adopted by healthcare organisations to carry out ongoing R&D tasks for biological research and drug development. Due to the growing use of electrophoresis in pharmaceutical formulations and the testing of vaccines and antibiotics, pharmaceutical and biotechnology companies currently hold a sizable market share in the global electrophoresis market and are predicted to continue this trend over the coming years.
The primary drivers for the electrophoresis market are the ongoing technical developments in the medical and healthcare industries, the rising demand for novel therapies and medications, as well as the increasing number of research projects involving specific biomolecules.
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Throughout the projected period, developing markets with expanding healthcare infrastructure and high disposable income are anticipated to drive the electrophoresis market’s growth. Electrophoresis, on the other hand, only permits limited sample analysis due to its lengthy completion time, which may function as a major market limitation.
The market for electrophoresis would grow as a result of advancements in speed, accuracy, and sensitivity. Additionally, the increased need for and interest in gene and DNA research will greatly accelerate market growth. Additionally, it is anticipated that the increased demand for novel treatments and medications would spur growth.
Growing burden of cancer, bacterial infections, and genetic diseases, along with rising investments for electrophoresis research, increasing industry-academic collaborations, growing use of capillary electrophoresis with mass spectroscopy will augment sales are all driving the electrophoresis market.
“Broad ranging applications of electrophoresis, growing utilization of next-generation sequencing, and rising advancements in genomics are set to propel the growth in the electrophoresis market,” says an FMI analyst.
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Key Takeaways from Market Study:
- Reagents and consumables as products are expected to hold about 47.7% market value share by the end of 2032 and are expected to display a CAGR growth of 4.6% over the forecast period.
- Pharma and biotech companies hold a higher end user segment share in terms of market share value of 26.7% in 2021, over diagnostic laboratories as end users. The shift is encouraged by the growing research activities, owing to larger funding by the government.
- North America is slated to be the largest leading region with a value share of 32.5% at the end of the forecast period, owing to the technologically advanced medical device integration into healthcare treatment procedures, and high government healthcare spending.
Market Competition:
Competitive Landscape:
Key players operating in the global electrophoresis market are investing in collaborations with the academic and research institutes for growth and innovation in electrophoresis. They are also focusing on developing different automated electrophoresis systems which have integrated software for efficient use of this technique. With the increase in research and development in this field, various applications such as food safety and quality control have come into picture.
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Agilent Technologies, Bio-Rad Laboratories, Inc., Helena Laboratories Corporation, Hoefer, Inc. (Harvard Biosciences), Merck KGaA, PerkinElmer Inc., SCIEX, SERVA Electrophoresis GmbH, Thermo Fisher Scientific Inc., Danaher Corporation, Shimadzu Corporation, Takara Bio, Inc., TBG Diagnostic Ltd, Cleaver Scientific, QIAGEN N.V., Eurogentic, Sebia Group, Analytik Jena, Lonza Group
For instance:
- In September 2019, Bio-Rad Laboratories, Inc. announced the launch of the Science of Opioid Dependence Kit, which offers high school and undergraduate educators a simple hands-on DNA electrophoresis activity to teach complex genetics owing to the opioid crisis.
- In September 2021, SCIEX announced its state-of-the-art capillary electrophoresis solution, the “BioPhase 8800 system”. The system is an advanced, novel multi-capillary system with the ability to process 8 samples at the same time, ensuring sample consistency and providing reliable and precise results.
Key Market Segments Covered in Electrophoresis Industry Research
By Product:
- Instruments
- Horizontal Systems
- Vertical Systems
- Capillary Electrophoresis Systems
- Automatic Electrophoresis Systems
- Reagents and Consumables
- Gel
- Polyacrylamide Gel Electrophoresis
- Agarose Gel Electrophoresis
- Others
- Buffers & Others
- Gel
- Software
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By End User:
- Hospitals
- Diagnostic Laboratories
- Pharma & Biotech Companies
- CROs and CMOs
- Academic & Research Institutes
- Forensic Laboratories
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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