The Electrophoresis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electrophoresis Global Market Report 2024, The electrophoresis market size has grown strongly in recent years. It will grow from $2.96 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to rising incidence of genetic disorders, drug discovery and development, protein analysis in proteomics research, increased clinical diagnostics applications, advancements in molecular biology.
The electrophoresis market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to shift towards capillary electrophoresis , demand for high-throughput analysis, expansion in food and beverage testing, diagnostic applications in infectious diseases, advancements in microfluidic electrophoresis.. Major trends in the forecast period include next-generation sequencing (ngs) and omics technologies, integration of artificial intelligence (ai) in data analysis, customization and personalization of electrophoresis systems, market expansion in emerging economies, strategic acquisitions and mergers.
The rising incidence of cancer, infectious diseases, and genetic disorders is expected to propel the growth of the electrophoresis market. Infectious diseases with pandemic potential have emerged and spread regularly. Plague, cholera, flu, and severe acute respiratory syndrome are examples of such infectious diseases. Furthermore, cancer has no single cause; it has multiple reasons, like diabetes and heart disease. These influence the use of electrophoresis to detect and separate DNA, RNA, or protein molecules for determining the concentration of the antibiotic, which improves dosage accuracy. For instance, in October 2023, the EU Science Hub, a Belgium-based European Commission’s Joint Research Centre published an article according to which the new cancer cases rose by 2.3 % in compared to 2020, to reach 2.74 million in 2022. Similarly, cancer deaths went up by 2.4 % in 2022 compared to 2020. Therefore, the rising incidence of cancer and infectious diseases will drive the growth of the electrophoresis market.
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The electrophoresis market covered in this report is segmented –
1) By Product: Electrophoresis Reagents, Electrophoresis Systems, Gel Documentation Systems, Electrophoresis Software
2) By Application: Research, Diagnostics, Quality Control and Process Validation
3) By End User: Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, Hospitals, Other End Users
Technological advancements have emerged as a key trend gaining popularity in the electrophoresis market. Major companies operating in the electrophoresis market are adopting new technological solutions to sustain their position. For instance, in May 2023, a US-based miniPCR bio, a life sciences company, launched the GELATO electrophoresis system for fast DNA analysis. This GELATO combines gel electrophoresis with transillumination technology, enabling nucleic acid separation and visualization in a single, compact design.
The electrophoresis market report table of contents includes:
1. Executive Summary
2. Electrophoresis Market Characteristics
3. Electrophoresis Market Trends And Strategies
4. Electrophoresis Market – Macro Economic Scenario
5. Global Electrophoresis Market Size and Growth
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26. South America Electrophoresis Market
27. Brazil Electrophoresis Market
28. Middle East Electrophoresis Market
29. Africa Electrophoresis Market
30. Electrophoresis Market Competitive Landscape And Company Profiles
Top Major Players:
- Bio-Rad Laboratories Inc
- Thermo Fisher Scientific Inc
- Danaher Corporation
- Agilent Technologies Inc
- General Electric Company
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