PUBLISHER: Orion Market Research | PRODUCT CODE: 1077987
PUBLISHER: Orion Market Research | PRODUCT CODE: 1077987
Electrophoresis Market Size, Share & Trends Analysis Report by Product (Electrophoresis Reagents andElectrophoresis Systems), by Application (Diagnostic Applications andResearch Applications), andby End-Use (Academic Institutions, Hospitals & Diagnostic Centres, and Others) Forecast Period(2022-2028)
The global electrophoresis market is anticipated to grow at a significant CAGR of 6.0% during the forecast period.Nucleic acids and proteins are separated using gel electrophoresis equipment based on their charge and size. These instruments are mostly utilized in forensic science, molecular biology, genetics, and microbiology laboratories. The polymerase chain reaction (PCR) results are analyzed using electrophoresis. It's a laboratory procedure that involves transferring an electric current from one end to the other to separate DNA, RNA, and protein molecules. Electrophoresis was used more frequently during COVID-19 owing to the use of a set of primers for assessing binding created by the Centers for Disease Control and Prevention (CDC) and approved by the World Health Organization (WHO) for routine PCR diagnosis of COVID-19.
The global electrophoresis market has been segmented based on product, application, and end-use. The global electrophoresis market by product has been bifurcated into electrophoresis reagents and electrophoresis systems. Based on electrophoresis systems, the market is further sub-segmented into gel electrophoresis systems and capillary electrophoresis. Based on the application, the market is segmented into diagnostic applications and research applications. Further, based on end-use, the market is segmented into academic institutions, hospitals & diagnostic centers, and others.Electrophoresis technology has varied products due to the successful outcome of R&D and the huge demand created by proteomics and genomics. The pivotal factors for the modest growth of the global electrophoresis market include the significant development and progress in R&D in DNA and RNA analysis techniques. Development in proteomics and genomics has boosted the electrophoresis market and created considerable scope for the new entrant and existing players in the electrophoresis market.
The global electrophoresis market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North American region is anticipated to be the fastest-growing region in the electrophoresis market owing to due to the increasing adoption of electrophoresis products, applications, and end-user segments.
The major companies serving the global electrophoresis market include Thermofisher Scientific, Agilent Technologies, PerkinElmer Inc., Danaher Corp., GE healthcare, and CBS Scientific Co. Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, the CAPI 3 Immunotying device, introduced by Sebia, a maker of diagnostic equipment with sophisticated technology, received FDA approval in November 2019. Monoclonal proteins in serum and urine are detected and identified via immunotyping.
Research Methodology
The market study of the global electrophoresismarket is incorporated by extensive primary and secondary research conducted by the research team at OMR.Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Biotechnology