The global electrophoresis market size was US$ 2.3 billion in 2021. The global electrophoresis market size is estimated to reach US$ 3.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.
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Electrophoresis tools and collections are mainly utilized for DNA and RNA research. It is also used in biochemistry for the splitting of molecules based on affinity, size, or charge. The partition of proteins based on purity, size, and density is followed by electrophoresis. The clarity of using this method allows its usage in different applications, such as vaccine analysis, diagnosis of hemoglobinopathies, antibody analysis, and drug rate control.
Factors Influencing Market Growth
? The rise in the usage of next-generation sequencing, industry-academic associations, and rising government funding for a study on electrophoresis enables the overall market growth.
? The growth in need for personalized medicine and emphasis on proteomics analysis is anticipated to drive the overall market growth.
? The time taking process and the availability of advanced technologies impede the overall market growth.
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Effect of the COVID-19 Pandemic
COVID-19 had positively influenced the expansion of the overall market. Capillary electrophoresis diverges molecular elements of a sample employed for study based on nucleic acid chain length, charge, and mass. It was broadly used during COVID-19 for study purposes. Different types of analysis operations were scheduled to study viral particles. Thus, demand during the pandemic rises driving the overall market growth.
Regional Insights
North America had a prominent growth of the overall market in 2021, due to a rise in government accounts for the detection of recent proteins, an increase in R&D activities of the latest drugs for diagnosis and therapy options, as well an increase in the majority of chronic conditions like diabetes and cancer.
Asia-Pacific is anticipated to notice significant overall market growth during the analysis period due to a rise in per capita revenue in various nations, an increase in government ambitions for the advancement of the healthcare industry, and a rise in the stress of primary manufacturers on growing their geographic existence in regional countries.
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Leading Competitors
The prominent players in the global electrophoresis market are:
? ThermoFisher Scientific
? Shimadzu
? Qiagen NV
? Merck & Co
? PerkinElmer
? LONZA GROUP
? Danaher
? Bio-Rad Corporation
? Harvard
? Agilent
? Others
Segmentation Analysis
The global electrophoresis market segmentation focuses on Product, Application, End User, and Region.
Segmentation on the basis of Product
? Electrophoresis Systems
o Gel Electrophoresis Systems
o Capillary Electrophoresis Systems
o Gel Documentation Systems and Software
? Electrophoresis Reagents
o Protein Electrophoresis Reagents
o Nucleic Acid Electrophoresis Reagents
Segmentation on the basis of Application
? Diagnostic
? Research
? Quality Control and Process Validation
Segmentation on the basis of End User
? Academic Institutions
? Hospitals and Diagnostic Centers
? Pharmaceutical and Biotechnology Companies
? Research Organizations
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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