Electrophoresis Market By Product (Electrophoresis Reagents, Electrophoresis Systems, Gel Documentation Systems and Softwares), By Application (Diagnostic , Research, Quality Control and Process Validation), By End User (Academic Institutions, Hospitals and Diagnostic Centers , Pharmaceutical and Biotechnology Companies , Research Organizations): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global electrophoresis market was valued at $2,325.58 million in 2021, and is projected to reach $4,042.96 million by 2031, registering a CAGR of 5.7% from 2022 to 2031.
Electrophoresis is an electro kinetic process which separates charged particles in a fluid using a field of electrical charge. It is majorly used in life sciences to separate protein molecules or DNA and can be achieved through several different procedures depending on the type and size of the molecules. The procedures differ in some ways but all need a source for the electrical charge, a support medium and a buffer solution.
Electrophoresis is used in laboratories for the separation of molecules based on size, density and purity. An electric field is applied to molecules and as they are electrically charged themselves it results in a force acting upon them. The greater the charge of the molecule the greater the force applied by the electrical field and therefore through the support medium the molecule moves relative to its mass.
Electrophoresis market is expected to experience significant market growth during the forecast period as there has been a rise in the incidence of cancer, infectious diseases, and genetic disorders; growth in funding for research on genomic, proteomic, and electrophoresis techniques. Moreover, surge in number of industry-academia research collaborations, rise in use of capillary electrophoresis with mass spectroscopy, increase in use of next-generation sequencing, and rise in number of clinical, forensic, and research laboratories propel the growth of the market. However, increase in use of diagnostic devices by using various components for procedure which can show side effects and errors in sample handling are expected to impede the market growth. In contrast, expanding applications of genomics research and testing supported by the decline in cost of instruments and consumables are anticipated to provide significant growth opportunities for the electrophoresis market.
The electrophoresis market is segmented on the basis of product, application, end user, and region. By product, the market is classified into electrophoresis reagents, electrophoresis systems, and gel documentation systems and software. Electrophoresis Reagents are further divided into protein electrophoresis reagents, nucleic acid electrophoresis reagents. Similarly, electrophoresis systems are sub segmented gel electrophoresis systems, and capillary electrophoresis systems. By application, the market is classified into diagnostics, research, and quality control and process validation. According to end user, the market is divided into academic institutions, hospitals and diagnostic centers, pharmaceutical and biotechnology companies, and research organizations.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
North America accounted for the largest market share in the electrophoresis market in 2021 and is expected to retain its dominance throughout the forecast period. This is primarily attributed to increase in government funds for detection of new proteins, rise in R&D activities of new drugs for diagnosis and treatment options, as well as surge in prevalence of chronic diseases such as cancer and diabetes.
The report provides a comprehensive analysis of the key players that operate in the global electrophoresis market. The key companies profiled in the report include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Merck Group, Agilent Technologies, Inc., Danaher Corporation, Lonza Group, PerkinElmer Inc., QIAGEN N.V., Harvard Bioscience, Inc., and Shimadzu Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electrophoresis market analysis from 2021 to 2031 to identify the prevailing electrophoresis market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electrophoresis market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electrophoresis market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Electrophoresis Systems
Type
Gel Electrophoresis Systems
Capillary Electrophoresis Systems
Gel Documentation Systems and Softwares
Electrophoresis Reagents
Type
Protein Electrophoresis Reagents
Nucleic Acid Electrophoresis Reagents
By Application
Diagnostic
Research
Quality Control and Process Validation
By End User
Academic Institutions
Hospitals and Diagnostic Centers
Pharmaceutical and Biotechnology Companies
Research Organizations
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
South Korea
Rest of Asia-Pacific
China
Japan
Australia
India
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Agilent
Bio-Rad Corporation
Danaher
Harvard
LONZA GROUP
Merck & Co. Inc.
Perkinelmer
Qiagen NV
Schimadzu
ThermoFisher Scientific
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