New York, United States: The Report on Electrophoresis Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Electrophoresis Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors.
The global Electrophoresis market gathered revenue around USD 2.0 Billion in 2020 and market is set to grow USD 6.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.2% during the prediction period 2021 to 2027.
Overview of Electrophoresis Market Study
Electrophoresis market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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The rising incidence of cancer, infectious diseases, and genetic disorders; growth in funding for research on genomic, proteomic, and electrophoresis techniques; the growing number of industry-academia research collaborations; growing use of capillary electrophoresis with mass spectroscopy; the increasing use of next-generation sequencing; and rise in the number of clinical, forensic, and research laboratories are factors driving the growth of the electrophoresis market.
The electrophoresis reagents segment is expected to account for the largest share of the electrophoresis market, by product, in 2020
By product, the electrophoresis market is segmented into electrophoresis reagents, electrophoresis systems, gel documentation systems, and software. The electrophoresis reagents segment accounted for the largest share of the market in 2019. This can be attributed to the increasing use of consumables with the rise in electrophoresis in the fields of proteomics, genomics, drug discovery, antibody development, and personalized medicine, among others. Also, the increasing demand for 2D electrophoresis for protein separation in a number of applications such as drug discovery, protein mapping, and the diagnosis of chronic diseases, along with the increasing application areas of capillary electrophoresis are supporting market growth.
Research to account for the largest share of the electrophoresis market, by application, in 2020
Based on application, the market is segmented into research, diagnostics, and quality control & process validation. The research segment accounted for the largest share of the market in 2019. The large share of this segment can be attributed to the increasing application of electrophoresis in the field of drug discovery, proteomics, genomics, and antibody research. Moreover, increasing research in the field of biomarker discovery and NGS is increasing the adoption of electrophoresis systems and consumables.
Academic & research institutes to account for the largest share of the electrophoresis market, by end user, in 2020
Based on end users, the market is segmented into academic & research institutes, hospitals & diagnostic centers, pharmaceutical & biotechnology companies, and other end users (CROs, forensic laboratories, and food testing laboratories). The academic & research institutes segment accounted for the largest share of the electrophoresis market in 2019. This is primarily attributed to the growing number of industry-academia collaborations and increasing research funding for genomics and proteomics research among academic and research institutes. With increasing research being conducted in the fields of drug designing, proteomics, genomics, sequencing, biomarker discovery, and personalized medicine, the demand for electrophoresis products is expected to increase in academic and research institutes.
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COVID-19 Impact on Electrophoresis Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Electrophoresis market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Electrophoresis market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Electrophoresis market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Electrophoresis market include:
Thermo Fisher Scientific (US), Bio-Rad Laboratories (US), Merck Group (Germany), Agilent Technologies (US), Danaher Corporation (US), GE Healthcare (US), PerkinElmer (US), QIAGEN N.V. (Netherlands), Harvard Bioscience (US), Shimadzu Corporation (Japan), Lonza Group (Switzerland), Sebia Group (UK), C.B.S. Scientific Company (US), Helena Laboratories (US), Takara Bio (Japan), Syngene (UK), Teledyne Technologies (US), VWR International (US), Analytik Jena (Germany), and TBG Diagnostics Ltd. (Australia).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Electrophoresis Market, by Product
- Electrophoresis Reagents
- Protein Electrophoresis Reagents
- Nucleic Acid Electrophoresis Reagents
- Electrophoresis Systems
- Gel Electrophoresis Systems
- Gel Electrophoresis Systems, By Instrument Type
- Horizontal Gel Electrophoresis Systems
- Vertical Gel Electrophoresis Systems
- 1D Gel Electrophoresis
- 2D Gel Electrophoresis
- Gel Electrophoresis Systems, By Gel Type
- Polyacrylamide Gel Electrophoresis
- Agarose Gel Electrophoresis
- Gel Electrophoresis Systems, By Instrument Type
- Capillary Electrophoresis
- Capillary Zone Electrophoresis
- Capillary Gel Electrophoresis
- Isoelectric Focusing
- Micellar Electrokinetic Capillary Chromatography
- Capillary Electrochromatography
- Capillary Isotachophoresis
- Other Capillary Electrophoresis Systems
- Gel Electrophoresis Systems
- Gel Documentation Systems
- Electrophoresis Software
Electrophoresis Market, by Application
- Quality Control & Process Validation
Electrophoresis Market, by End User
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Other End Users
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The purpose of Nova one advisor’s Electrophoresis market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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