USD 2.3 billion
Report ID:
SQMIG35G2170 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
88
|Figures:
76
Electrophoresis Market size was valued at USD 2.43 billion in 2022 and is poised to grow from USD 2.57 billion in 2023 to USD 4.00 billion by 2031, growing at a CAGR of 5.70% in the forecast period (2024-2031).
The global electrophoresis market has been experiencing significant growth in recent years and is expected to continue its upward trajectory in the coming years. The technique finds extensive applications in various sectors, including pharmaceuticals, biotechnology, clinical diagnostics, and research laboratories. The growing focus on personalised medicine and the need for precise diagnosis and treatment strategies have fueled the demand for electrophoresis techniques, thus propelling market growth. Electrophoresis techniques, such as gel electrophoresis and capillary electrophoresis, provide accurate and sensitive analysis of biomarkers, contributing to early disease detection and monitoring. This has led to increased adoption of electrophoresis systems and consumables in clinical diagnostics, thereby driving market growth. These techniques are used in quality control processes, purity assessment, and characterization of therapeutic proteins, vaccines, and other biotherapeutics. As the biopharmaceutical sector continues to grow, the demand for electrophoresis products is expected to rise, positively impacting the market.
US Electrophoresis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.3 billion
Largest Segment
Agarose Gel Electrophoresis
Fastest Growth
Agarose Gel Electrophoresis
Growth Rate
5.7% CAGR
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The global electrophoresis market is segmented based on type, application, end-use, and region. Based on type, the market can be segmented into Agarose Gel Electrophoresis, and Polyacrylamide Gel Electrophoresis. Based on application, the market is segmented into Protein Analysis, Nucleic Acid Analysis, Glycan Analysis, and Others. By End-use, it can be segmented into Academic and Research Institutions, Pharmaceutical and Biotechnology Companies, Clinical Laboratories and Hospitals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Electrophoresis Market Analysis by Type
In the global electrophoresis market, both Agarose Gel Electrophoresis and Polyacrylamide Gel Electrophoresis are widely used techniques. However, when it comes to dominance, Agarose Gel Electrophoresis stands out as the most dominant type. Agarose gel is commonly preferred for various applications due to its simplicity, ease of use, and cost-effectiveness. It is widely used for the separation and analysis of nucleic acids, such as DNA and RNA, in molecular biology research, genetic analysis, and diagnostics.
On the other hand, Polyacrylamide Gel Electrophoresis (PAGE) is recognized as the fastest-growing type in the global electrophoresis market. Polyacrylamide gels offer higher resolution and separation efficiency compared to Agarose gels, making them suitable for more demanding applications, especially in protein analysis. PAGE is extensively used in protein research, including protein purification, protein sequencing, and protein-protein interaction studies. The increasing focus on proteomics and the need for detailed protein analysis are driving the growth of Polyacrylamide Gel Electrophoresis in the market.
Electrophoresis Market Analysis by Application
Among the various applications in the global electrophoresis market, Protein Analysis is the most dominant segment. Protein analysis using electrophoresis techniques plays a crucial role in various fields such as pharmaceuticals, biotechnology, and clinical diagnostics. It enables the separation and characterization of proteins based on their size, charge, and other properties. Protein analysis helps in understanding protein structures, functions, and interactions, which is essential for drug discovery, biomarker identification, and disease research. The dominant position of Protein Analysis can be attributed to the extensive use of electrophoresis techniques in protein-related research and applications.
On the other hand, the fastest-growing application in the global electrophoresis market is Nucleic Acid Analysis. Nucleic acid analysis using electrophoresis techniques is vital for studying DNA and RNA molecules in various research areas such as genomics, molecular biology, forensics, and diagnostic testing. Electrophoresis allows the separation and detection of nucleic acids, enabling researchers to analyse gene expression, genetic variations, and DNA sequencing. The rapid advancements in genomics research, the emergence of personalised medicine, and the increasing demand for molecular diagnostics are driving the growth of nucleic acid analysis in the electrophoresis market.
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In the global electrophoresis market, the most dominant region is North America. North America, which includes countries like the US, Canada, and Mexico, holds a significant share in the market. This dominance can be attributed to factors such as advanced healthcare infrastructure, well-established research and development facilities, and a strong presence of key market players. The region's focus on technological advancements and innovative research practices has contributed to the growth and dominance of the electrophoresis market in North America.
On the other hand, the fastest-growing region in the global electrophoresis market is Asia-Pacific. Countries such as China, Japan, India, South Korea, and Australia are witnessing rapid growth in the electrophoresis market. The increasing investments in research and development, expanding biotechnology and pharmaceutical sectors, and growing healthcare expenditure are driving the market growth in this region. Additionally, the rising adoption of advanced technologies and increased focus on precision medicine and personalised healthcare solutions are fueling the demand for electrophoresis in Asia-Pacific.
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Electrophoresis Market Drivers
Advancements in Proteomics and Genomics
Electrophoresis Market Restraints
Limited Sample Throughput and Resolution
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The competitive landscape of the global electrophoresis market comprises both established and emerging players characterised by their innovative technologies and niche product offerings. They focus on developing advanced electrophoresis systems with improved sensitivity, faster analysis time, and higher resolution. These players often target specific applications or customer segments and aim to capture market share through differentiation and technological advancements.
Electrophoresis Market Top Player’s Company Profiles
Electrophoresis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global electrophoresis analysis, it identifies several factors influencing the growth of the electrophoresis market. These include increasing investments in genomics and proteomics research, rising demand for personalised medicine, and technological advancements in electrophoresis techniques. The report also highlights the impact of regulatory policies and guidelines on market growth. The report provides a detailed analysis of the competitive landscape, profiling key players operating in the global electrophoresis market. The report includes a comprehensive geographical analysis, covering key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It provides insights into market size, growth potential, and market trends specific to each region. The analysis helps market players understand regional dynamics and formulate effective strategies to tap into regional markets.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.43 billion |
Market size value in 2031 | USD 4.00 billion |
Growth Rate | 5.70% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Electrophoresis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electrophoresis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electrophoresis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35G2170