Southern Blotting Market Forecasts to 2030 – Global Analysis By Product (Consumables, Instruments and Other Products), Application, End User and By Geography

Southern Blotting Market Forecasts to 2030 – Global Analysis By Product (Consumables, Instruments and Other Products), Application, End User and By Geography

According to Stratistics MRC, the Global Southern Blotting Market is accounted for $2.3 billion in 2023 and is expected to reach $3.6 billion by 2030 growing at a CAGR of 6.8% during the forecast period. The molecular biology technique known as ""Southern Blotting""—which is used to identify particular DNA sequences—and its commercialization are referred to as the ""Southern Blotting Market."" In order to satisfy the demands of researchers and laboratories performing genetic analysis, the market includes the production, distribution, and retailing of Southern blotting kits, reagents, and tools.

According to National Organization of Rare Diseases, it is estimated that there are 7000 rare genetic diseases prevalent globally and 11% of total U.S. population is suffering with rare disorders.

Market Dynamics:

Driver:

Rising investments in life sciences

The demand for sophisticated molecular techniques like Southern blotting rises rapidly as funding in the life sciences sector keeps increasing, especially for research involving genomics and molecular biology. Accurate and reliable genetic analysis methods are essential for studies that attempt to discover genetic variants, understand the intricacies of the human genome, and create targeted therapeutics for a range of disorders. Additionally, government agencies, for-profit businesses, and biotechnology firms all contribute financially to the advancement of Southern blotting technology through promoting innovation.

Restraint:

Cost considerations

The cost of performing Southern blotting can be witnessed as high due to multiple considerations, even if the reagents may not be unreasonably expensive by themselves. The labor-intensive nature of the approach means that professional staff are needed, which raises labor costs. Additionally, the process often requires specialized equipment for blotting and gel electrophoresis, which raises the initial expenditure.

Opportunity:

Genomic research advancements

The demand for reliable and precise methods to examine DNA sequences grows as the discipline of genomics continues to develop. Southern blotting continues to be a vital tool for genomic researchers because of its capacity to identify certain DNA sequences and offer insights into gene expression, genomic variants, and epigenetic alterations. Additionally, the dynamic field of genomic research, represented by endeavors like functional genomics, genome mapping, and personalized medicine programs, highlights the ongoing need for Southern blotting methods.

Threat:

High competition in the diagnostic sector

Next-generation sequencing (NGS) and polymerase chain reaction (PCR) are both instances of the many sophisticated, high-throughput technologies that Southern blotting has to compete within the clinical diagnostics sector. Diagnostic labs seeking efficiency and cost-effectiveness might discover these alternatives attractive since they can analyze numerous samples simultaneously, provide faster results, and are more sensitive. However, the difficulty of launching into the market is made more difficult by the desire for these rapid and automated diagnostic techniques, which frequently demand less manual labor than Southern blotting.

Covid-19 Impact

Growth in the market was temporarily hindered by supply chain interruptions and restrictions on laboratory operations during lockdowns. Several research projects were canceled or postponed, which affected the need for molecular biology methods like Southern blotting. Resources allocated for non-urgent examines were also impacted by budgetary restrictions in academic and research organizations and a change in priority towards COVID-19-related research. However, the epidemic also highlighted the value of genetic studies, as evidenced by the rise in viral genomic studies.

The consumables segment is expected to be the largest during the forecast period

Due to the growing demand for consumables such as membranes, buffers, probes, and reagents spurred on by the widespread use of the Southern blotting market, the consumables segment is predicted to increase profitably throughout the projected period. Demand for consumables rises in accordance with Southern blotting's continued importance as a key technique for a range of applications, such as genetic research, diagnostics, and forensics. Furthermore, the simplicity of use and effectiveness of Southern blotting techniques are further enhanced by advancements in consumer products, such as the creation of pre-made kits and enhanced reagent designs.

The forensic labs segment is expected to have the highest CAGR during the forecast period

Due to their capacity to deliver precise and comprehensive information on DNA sequences, the forensic laboratories segment is expected to increase at a rapid rate over the projected period. This information is particularly useful for forensic investigations involving crime scene analysis, paternity testing, and individual identification. Southern blotting provides forensic labs with an effective method for accurate DNA fingerprinting because of its high specificity and sensitivity, which also contribute to its dependability in detecting genetic differences. Moreover, southern blotting continues to be at the cutting edge because it maintains the stringent requirements of forensic applications, even as forensic research progresses and necessitates precise genetic analysis.

Region with largest share:

Due to the growing emphasis on genomics and molecular biology research in nations like China, India, Japan, and South Korea, which has increased the demand for advanced genetic analysis techniques, the Asia-Pacific region held the largest market share throughout the projected period. Additionally, the use of Southern blotting for a variety of applications is being fueled by the region's growing pharmaceutical and biotechnology businesses as well as increased investments in life sciences.

Region with highest CAGR:

Due to the rising demand for accurate genetic analysis tools and the growing awareness of personalized medicine and genetic illnesses, the Asia-Pacific area is expected to have lucrative growth throughout the projected period. Southern blotting has implications for the diagnosis of genetic illnesses and the understanding of the genetic basis of many health issues due to its capacity to offer deep insights into DNA fragments. Additionally, the market in the region is expanding in part because of the availability of affordable solutions and the increasing number of market players providing Southern blotting kits and consumables.

Key players in the market

Some of the key players in Southern Blotting market include Agilent Technologies, Aplegan, Applied Bio systems, BioRad Laboratories, Cleaver Scinetific Ltd, Pall Life Science Laboratories, Perkin Elmer Inc. and ThermoFisher Scientific.

Key Developments:

In December 2023, Goldman Sachs has decided to maintain its positive outlook on Agilent Technologies and has increased its price target for the company from $128.00 to $145.00. This upward revision represents a significant 12.48% increase from the current share price of $128.91.

In December 2023, Agilent Technologies is enhancing its BioTek product line on the back of portfolio expansions and technology upgrades. Notably, Agilent enhanced the BioTek Cytation C10 confocal imaging reader with the addition of water immersion and confocal spinning disk technology.

Products Covered:
• Consumables
• Instruments
• Other Products

Applications Covered:
• Genetic Fingerprinting and Sex Determination
• Agricultural Applications
• Medical Diagnosis
• Scientific Research
• Other Applications

End Users Covered:
• Forensic Labs
• Contract Research Organizations
• Academic Research Institute
• Pharmaceutical and Biotechnology Industry
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:

- Market share assessments for the regional and country-level segments

- Strategic recommendations for the new entrants

- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements