This Northern Blotting market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Northern Blotting market.
Completion of the human genome project in 2003 has created a significant importance for the identification of gene and its expression. These processes are used to understand the functions of different genes in the body and to identify the diseases and disorders associated with them. Northern Blotting is a key technique in molecular biology to identify the gene and related disorder. It works on DNA-RNA hybridization technique and is similar to Southern Blotting technique. Northern Blotting has widespread use in molecular and biological research to calculate the RNA size and related protein that RNA encodes. It is also used to identify the specific site of RNA where gene expression occurs along with identification of the gene expression patterns. Gene identification and expression has become an important aspect in drug discovery and development and has widespread applications in pharmacogenomics, diagnostics, toxicology etc. These widespread application has created a significant importance for Northern Blotting technique and it is expected to boost the market growth of Northern Blotting in near future.
Northern Blotting market is expected to grow with a healthy CAGR over the forecast period owing to increasing investment in pharmaceutical and biotechnology industry related to R&D procedures. The major use of northern blotting technique is in cancer study. According to WHO, approximately 14 Million cases of cancer were reported in the year 2012. The prevalence and incidence of cancer is increasing across the globe and expected to increase the investment in cancer related research programs which in turn, can boost the growth of Northern Blotting market over the forecast period. Major driver of this market is the increase investment in R&D, widespread usage of northern blotting in healthcare, agriculture and pharmaceutical industry. On the other hand the high price of the products coupled with substitute technology can hamper the growth of northern blotting market over the forecast period.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Geographically the northern blotting market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific and MEA region.
Northern Blotting market is expected to show a healthy growth rate over the forecast period. Based on the R&D spending, the major market of northern blotting lies in North America and Europe owing to high allocation of funds in R&D. Demand for northern blotting in these regions is expected to grow as most of the large research labs and research organizations are based in these regions. Latin America shows signs of positive growth especially in Brazil and Mexico owing to increase in healthcare expenditure. Asia pacific region is expected to show a high growth in this market due to the increase in R&D funding in countries like China, India and South Korea coupled with increasing number of CROs in countries like China and India. Japan is one of the leading countries in APAC to spend maximum in the R&D facilities and expected to witness healthy growth in northern blotting market.
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On the basis of product the market is classified as the following:
- Segmentation by Product
- Segmentation by Application
- Academic Research
- Medical Diagnosis
- Agricultural research
- Drug Discovery and Development
- Segmentation by End User
- Clinical Research Organizations
- Pharmaceutical & Biotechnology Industries
- Research Labs
- Academic Institutions
Some key players in northern blotting market are ThermoFisher Scientific, Sigma Aldrich Co., Qiagen Inc., Perkin Elmer Inc., and Pall Corporation.
- Northern Blotting Market Segments
- Northern Blotting Market Dynamics
- Historical Actual Market Size, 2013 - 2015
- Northern Blotting Market Size & Forecast 2016 to 2026
- Northern Blotting Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Northern Blotting Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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Which framework has been used to develop the Northern Blotting Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
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