The electrophoresis global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electrophoresis Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The electrophoresis market size has grown strongly in recent years. It will grow from <b>$2.96 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> 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 <b>$4.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. </b> 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.
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Scope Of Electrophoresis Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electrophoresis Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the electrophoresis market in 2023. The regions covered in the electrophoresis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electrophoresis market report are Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., General Electric Company, Merck Group, PerkinElmer Inc., QIAGEN N.V., Lonza Group Limited, Shimadzu Corporation, Harvard Bioscience Inc., C.B.S. Scientific Company Inc., Takara Bio Inc., Sebia Group, Analytik Jena AG, Biochrom Ltd., Biometra GmbH, Cleaver Scientific Ltd., Helena Laboratories Corporation, Hoefer Inc., Labnet International Inc., Major Science Co. Ltd., Prona Technologies Inc., Alfa Wassermann Inc., CompareNetworks Inc., Eppendorf SE, Promega Corporation, Corning Inc., LI-COR Biosciences, F. Hoffmann-La Roche AG
Table of Contents
1. Executive Summary
2. Electrophoresis Market Report Structure
3. Electrophoresis Market Trends And Strategies
4. Electrophoresis Market – Macro Economic Scenario
5. Global Electrophoresis Market Size and Growth
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31. Global Electrophoresis Market Competitive Benchmarking
32. Global Electrophoresis Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electrophoresis Market
34. Electrophoresis Market Future Outlook and Potential Analysis
35. Appendix
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