The global Electrophoresis Market, By Product Type (Instruments, Kits and Reagents, Accessories), By Application (Estimation of DNA Molecule, Analysis of PCR Product, Forensic Science, Protein and Antibody Interaction, Clinical Pathology Analysis), By End User (Pharmaceutical and Biotechnology Companies, Diagnostic Labs, and Others (CROs, CMOs, Academic Institutes, etc.)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3.08 Billion in 2023 and is expected to exhibit a CAGR of 5.6% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on adopting organic growth strategies such as the launch of new products, which will drive the global electrophoresis market. For instance, in May 2022, QIAGEN, a Germany-based medical instrument manufacturing company, announced that they had launched a new QIAxcel Connect, a high-speed, high-resolution, and high-sensitivity nucleic acid analysis capillary electrophoresis (CE) instrument.
Global Electrophoresis Market: Impact of Coronavirus (COVID-19) Pandemic
- The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
- COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of things from one place to another.
- However, COVID-19 had a positive impact on the global electrophoresis market as the use of electrophoresis techniques increased during the COVID-19 pandemic. The combination of gel electrophoresis and RT-PCR was used to determine the presence of foreign DNA in the sample. Thus, pertaining to these reasons, COVID-19 has a positive impact on the market.
Global Electrophoresis Market: Key Developments
In September 2020, miniPCR bio, a manufacturer of scientific tools for educators and researchers, announced the launch of the GELATO, an integrated deoxyribonucleic acid (DNA) analysis system. GELATO combines gel electrophoresis with transillumination technology, allowing for simultaneous nucleic acid separation and visualization in a single, compact system.
Browse 35 Market Data Tables and 32 Figures spread through 180 Pages and in-depth TOC on “Global Electrophoresis Market”- Forecast to 2030, Global Electrophoresis Market, By Product Type (Instruments, Kits and Reagents, Accessories), By Application (Estimation of DNA Molecule, Analysis of PCR Product, Forensic Science, Protein and Antibody Interaction, Clinical Pathology Analysis), By End User (Pharmaceutical and Biotechnology Companies, Diagnostic Labs, and Others (CROs, CMOs, Academic Institutes, etc.)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/electrophoresis-market-2666
Key Takeaways of the Global Electrophoresis Market:
- The global electrophoresis market is expected to exhibit a CAGR of 5.6% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global electrophoresis market.
- Among application, the forensic science segment is expected to hold a dominant position in the global electrophoresis market during the forecast period, and this is attributed to the increasing application of electrophoresis techniques in forensic sciences. Most of the biological samples such as saliva, blood, urine, and others, are complex in nature, and therefore they need separation of the molecules prior to analysis. The electrophoresis technique is a technique that is used for the separation of molecules. It is a helpful tool for the separation of forensic samples, particularly when the sample size is too small.
- Among region, North America is expected to be the dominant region in the global electrophoresis market owing to the increasing prevalence of genetic diseases, which will increase the usage of DNA and protein identification techniques such as electrophoresis, PCR, and others. For instance, according to the Centers for Disease Control and Prevention (CDC), on June 28, 2023, Down syndrome continues to be the most common chromosomal disorder, and each year, about 6,000 babies are born with Down syndrome in the U.S., which is about 1 in every 700 babies born.
- Major players operating in the global electrophoresis market are Cleaver Scientific, Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, ACTGene, Beckman Coulter, BiOptic, Merck Group, Hoefer, Lumex Instruments, Spectroline, Analytic Jena, Bio- Rad laboratories, Cytiva UK limited, Kewaunee Scientific, Prince Technology, Lumex Instruments, Agilent Technologies, and Syngene
