Electrophoresis Equipment and Supplies Market By Product Type (Gel Electrophoresis Systems, Capillary Electrophoresis Systems, Accessories), Application (Protein Diagnostics, Hemoglobin Analysis, Microbial Detection), End Use (Hospitals & Diagnostics Centres, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies) & Region - Forecast to 2018-2027
Electrophoresis Equipment and Supplies Market - Analysis, Outlook, Growth, Trends, Forecasts
- December 2018
- 130 pages
- Testing Equipment
Increasing Adoption of Electrophoresis Equipment and Supplies in DNA Analysis and Identification of Protein Interactions is Expected to Drive Growth
Healthcare organisations are rapidly adopting devices, such as electrophoresis equipment and supplies, to conduct continuous R&D activities for the discovery of medicines and biological research.
A rapid increase in research activities at hospitals, research institutes and other areas is fuelling the demand for laboratory equipments such as electrophoresis equipment and supplies.
In addition, the applications of electrophoresis equipment and supplies in other areas, such as food safety and content identifications, is also significantly driving the global electrophoresis equipment and supplies market.
Hence, increase in the applications of electrophoresis equipment and supplies in biotechnology as well as the identification of chemical properties is contributing to the growth of electrophoresis equipment and supplies market.
Capillary Electrophoresis Systems are Gaining Traction Owing to High Accuracy and Efficiency as Compared to Other Systems
Electrophoresis equipment and supplies are used for the purification as well as separation of molecules, specifically protein and other complex molecules such as nucleic acids. Electrophoresis is the process of molecule separation from the samples.
This process is carried out in clinical and research laboratories using different types of electrophoresis equipment and supplies. Electrophoresis equipment and supplies are available primarily in two types: capillary electrophoresis and gel electrophoresis.
Both systems separate molecules according to charge and size, sometimes referred to as the electrophoretic mobility of a molecule. Capillary electrophoresis systems are preferred over other systems as it has the capability to detect millimolar to nano-molar binding interactions which are helpful in precise measurements.
These systems also offer benefits of drug discovery screening on various targets such as antibodies, nucleic acid complexes, structural proteins, membrane receptor domains and others.
Rapid Adoption of Electrophoresis Equipment and Supplies in Biological Operations in Laboratories Driving Market Growth
The global electrophoresis equipment and supplies market is estimated to witness a single-digit CAGR in terms of value and volume, and hence, reach US$ 2.8 Bn by 2027.
Moreover, there has been significant growth in research projects, which include research activities such as genomics, electrophoresis processes and other protein & DNA identification processes at the industrial level as well as at the individual level for patients and others.
Increase in these activities is resulting in an increase in the demand for electrophoresis equipment and supplies, which is driving the electrophoresis equipment and supplies market.
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Growth in Usage of Capillary Electrophoresis in Clinical Diagnosis, Drug Development and Discoveries Boosting Growth of the Market
On the basis of various types, the electrophoresis equipment and supplies market is segmented considering the categories in which electrophoresis equipment and supplies are available as well as their application areas.
Based on product type, the electrophoresis equipment and supplies market is segmented into gel electrophoresis, capillary electrophoresis and accessories. The revenue contribution from the capillary electrophoresis segment is expected to expand at a CAGR of 5.8% during the forecast period.
Capillary electrophoresis is widely preferred as it is more accurate and easy to operate, thus contributing to the growth of the electrophoresis equipment and supplies market.
Increasing Applications of Electrophoresis Equipment and Supplies in the Quality Control and Research Sector Driving Market Growth
Considering the applications of electrophoresis equipment and supplies, the market is segmented based on the analysis of haemoglobin, protein diagnosis and microbial detection.
The applications of electrophoresis equipment and supplies differ as per their areas of usage as well as functions. Increase in the number of diseases due to lifestyle issues and the complexities in finding out suitable medical solutions is one of the prime factors due to which the adoption of electrophoresis equipment and supplies is increasing rapidly.
The increasing applications of capillary electrophoresis in the process of microbial detection and separation is also boosting the demand for electrophoresis equipment and supplies. The microbial detection segment from the applications of electrophoresis equipment and supplies is expected to register a significant growth rate over forecast period.
On the basis of end use, the electrophoresis equipment and supplies market is segmented into hospitals & diagnostics centres, academic & research institutes, biotechnology & pharmaceutical companies and others.
Due to constant investments in conducting research for studying the biological properties and molecular identification, the demand from the academic & research institutes for electrophoresis equipment and supplies is expected to grow significantly.
In addition, biotechnology & pharmaceutical companies are focusing on modifying the properties of their products for which DNA-level studies are increasing rapidly, thus fuelling the demand for electrophoresis equipment and supplies market.
Regional Overview: Asia Pacific Excluding Japan Expected to be the Most Attractive Region in the Electrophoresis Equipment and Supplies Market
On the basis of region, the global electrophoresis equipment and supplies market is segmented into North America, Latin America, Europe, Japan, APEJ and MEA. In terms of revenue generation from the sale of electrophoresis equipment and supplies, the North America region dominates the global market due to dense presence of biotechnology & pharmaceutical giants.
The biotechnology & pharmaceutical companies in this region are highly focused on innovations and new drug discoveries due to which they are adopting electrophoresis equipment and supplies.
In addition, other factors such as predefined majors in terms of maintaining the composition of medicines as well as other pharmaceutical products by organisations in this region, is also resulting in an increase in the demand for equipment, such as electrophoresis equipment and supplies, in this region.
Europe is second largest market for electrophoresis equipment and supplies due to increasing research and development spending in this region.
Some of the leading vendors of electrophoresis equipment and supplies are:
- Bio-Rad Laboratories
- GE Healthcare
- Danaher Corporation
- Merck Millipore
- QIAGEN N.V.
- Thermo Fisher Scientific Inc.
- Agilent Technologies
- Lonza Group Ltd.
- Hoefer Inc.
- Lumex Instruments
- PerkinElmer, Inc.
- Sebia Group
- Labnet International, Inc.
- Shimadzu Corporation
- Harvard Bioscience, Inc.
Electrophoresis Equipment and Supplies Market Key Segments Covered
- Gel Electrophoresis Systems
- Capillary Electrophoresis Systems
- Hospitals & Diagnostics Centres
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Protein Diagnostics
- Hemoglobin Analysis
- Microbial Detection
Key Regions Covered
- North America
- Latin America
- Rest of Latin America
- Rest Of Europe
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA