The Global Market for Electrophoresis Equipment & Supplies is Forecast to Reach US$2.7 Billion by 2024

Growing Demand for Novel Therapies, Increased Research, and Rising Emphasis on Personalized Medicine Drive Demand for Electrophoresis Equipment & Supplies, According to a New Report by Global Industry Analysts, Inc.

           

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Electrophoresis Equipment & Supplies market. The global market for Electrophoresis Equipment & Supplies is forecast to reach US$2.7 billion by 2024, driven by increased research on electrophoresis techniques, growing demand for novel drugs and therapies, and rising emphasis on personalized medicine. Rising funding for research and growing emphasis on Next Generation Sequencing research are the other growth propellers.

Electrophoresis is used widely in clinical research, medical diagnostics, and life sciences. The technique is used for clinical research and diagnosis of diseases with an aim to provide patients with better care and treatment. The global electrophoresis equipment market is expected to witness a significant growth, driven by increased research on electrophoresis techniques, rising funding for research, and growing demand for novel drugs and therapies. In the near future, the concept of personalized medicine is expected to gain more traction and popularity in the market for electrophoresis equipment and reagents. Being a multi-faceted patient care technique, personalized medicine is capable of improving diagnosis and treatment of diseases. Predictive diagnosis could also aid in assessing human pathologies as well as facilitate development of treatment schedule for the patient.

Electrophoresis equipment and supplies market comprises gel electrophoresis, capillary electrophoresis, and electrophoresis gels/reagents segments. Gel electrophoresis devices are amassing significant popularity in microbiology, genetics, molecular biology, and forensics laboratories. Wide scale application of gel electrophoresis products in genomics is also a notable trend defining the market. Increasing focus on research for discovering new drugs and growing demand for personalized medicine are expected to boost the demand for gel electrophoresis. Meanwhile, rapid growth of the biotechnological sector, supported by innovations in bioinformatics, is expected to drive the capillary electrophoresis market. Additionally, proteomics and genomics analytical instruments and research kit market is projected to register impressive growth.

As stated by the new market research report on Electrophoresis Equipment & Supplies, the United States constitutes the largest market, worldwide. Growing research in the field of proteomics and genomics; increasing regulation with respect to process validation and quality control in pharma industry; as well as rising interest in research projects that involve genes, proteins, and associated biomolecules are key growth drivers. Asia-Pacific represents the fastest growing market, surging at a CAGR of 6.7% over the analysis period.

Major players covered in the report include SCIEX, Agilent Technologies, Bio-Rad Laboratories Inc., Helena Laboratories Corporation, Hoefer Inc., Lonza Group Ltd., PerkinElmer Inc., Sebia, SERVA Electrophoresis GmbH,  Merck KGaA, and Thermo Fisher Scientific Inc., among others.

The research report titled “Electrophoresis Equipment & Supplies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, key growth drivers, mergers, acquisitions, and other strategic industry activities of major global and regional players. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, The Middle East & Africa, and Latin America. The global and regional markets are also analyzed by product segments, such as Gel Electrophoresis Systems, Capillary Electrophoresis Systems, and Electrophoresis Gels/Reagents.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.