Western Blotting Market

Historical & Future Market Outlook

While western blotting manufacturers flourished on the steadily rising demand from pharmaceutical and biotechnology companies, increase in research & development activities in proteomics field further catalyzed the growth of industrial players.

United States, Germany, China, and other countries continue to witness high R&D in this landscape. According to FMI, the global western blotting market grew at close to 5.3% CAGR during the year from 2016 to 2020.

Protein research dynamics are also likely to create a surge in demand for western blotting products. Additionally, amplifying investments by biotechnology and pharmaceutical companies in proteomic inventions and rise in prevalence of AIDS are projected to aid in the growth of western blotting industry in the near future. According to FMI, the global western blotting market is anticipated to ascend at nearly 6.0% CAGR through 2031.

How the Increase in Scientific Research Activities is Raising Demand for Western Blotting Products?

Various western blotting products such as traditional wet transfer blotting systems, chromogenic reagent kits, and others are an integral part of scientific research, especially in the biotechnology sector. As a result, the rise in investment in this sector and related activities is boosting the growth of western blotting product manufacturers.

According to the report titled “Biotechnology- Internal Market, Industry, Entrepreneurship, and SMEs” published by the European Commission (EC), biotechnology & life sciences sectors are highly advanced and significantly contribute to the modernization of European industry. Also, the EC made its life sciences & biotechnology strategy part of the Europe 2020 strategy and the Innovation Union flagship programme. Such initiatives are anticipated to raise the revenue for stakeholders operating in the western blotting industry.

What are the Key Challenges Faced by Western Blotting Product Manufacturers?

Despite being highly required in molecular biology field and various other biotechnological research activities, western blotting products require complex life cycle during development phase. Also, manufacturing process of highly sought-after western blotting products such as automated dry blotting systems, chromogenic reagent kits, to name a few, requires costly laboratory set up, sufficient knowledge, and experts’ handling. These factors often work as constraints for small to medium manufacturing hubs and biotechnology institutes.

Also, the COVID-19 pandemic put a standstill to manufacturing of western blotting products due to scarcity of raw materials and labors during the long lock down period. Decline in key end-use industries such as scientific research, food & beverages, to name few, has further slowed down the growth of suppliers in the industry.

However, the potential of the western blotting industry is much higher than a few restraints, and manufacturers are giving best of their efforts to fully utilize the upcoming opportunities.

Country-Wise Analysis

How Progressive is the Western Blotting R&D in the United States?

The United States is the epicenter of the world’s largest western blotting market, North America, and is predicted to keep leading over the forecast period. Highly advanced biotechnology and medical diagnostics sectors are expected to fuel the sales of western blotting products further in the coming years.

According to the report published by the United States Department of Agriculture (USDA), biotechnology industry in the U.S. is extremely strong and farmer adoption of agricultural biotechnology is giving the commercialization in this sectors a new outlook. As stated by the United Department of States, in the U.S, agricultural biotechnology holds to boost food production and related R&D activities. This indirectly indicate the surge in demand for western blotting products in the U.S.

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Why Germany is at the Forefront of the Europe Western Blotting Market?

Germany being the focal point of the world’s second largest western blotting market Europe, is heavyweight for stakeholders operating in this industry. Backed by the exponentially growing medical diagnostics, research, and pharmaceutical industries, Germany is targeted by leading players.

According to the report published by the European Union, EU-funded CANCERSCREEN project that has built a comprehensive global data set of over 800 companies in this field, is expected to further strengthen the research sector in Germany. As per the report published by the UNAIDS Organization on 18^th December, 2020, UNAIDS strongly welcomed the announcement by Sweden at the 47^th meeting of UNAIDS Programme Coordinating Board to renew its annual funding commitment to UNAIDS of SEK300 million in core funding for 2021, equivalent to 36 million USD, demonstrating the country’s continued leadership in the global AIDS response. This will positively impact the players operating in the western blotting market in the coming years.

How Big is the Opportunity in China?

China has emerged highly progressive in the world’s fastest growing western blotting market, Asia-Pacific. Exponentially growing pharmaceutical industry and increase in demand from medical diagnostics sector are bolstering the growth of western blotting suppliers in China.

According to the report titled “Healthcare Resource Guide” published by the Export Government of China on 30^th October, 2019, the medical devices and diagnostics industry is one of the fastest growing industries in China which maintained double-digit growth for over a decade. As per the report, in 2018, the medical devices including diagnostic devices industry reached US$ 78.81 billion, an increase of 22% from 2017.

As per the data revealed by the Government of China, the import and export of pharmaceutical and dietary supplement products totaled US$ 114.8 billion in 2018, with exports accounting for about US$ 64.4 billion and imports approximately US$ 50.4 billion. This gives a glimpse of the rise in opportunities for players in the western blotting industry from these sectors.

India Western Blotting Market to Emerge Lucrative

India is another highly potential country in the Asia-Pacific western blotting industry. Increase in governmental expenditure in medical diagnostics and biotechnology sectors is driving the growth in India.

According to the report published by the Invest India, National Investment Promotion & Facilitation Agency of India, the medical devices & diagnostics industry is worth more than US$ 10 billion and is likely to grow to US$ 65 billion by 2024. As stated in the report, medical devices including diagnostic devices has the potential to grow at 28% per annum and reach US$ 50 billion by 2025. The data explains well why key players in the western blotting industry are eyeing India.

Category-Wise Insights

Which Product has the Highest Requirement in the Western Blotting Industry?

Presently, electrophoresis blotting systems are leading in the western blotting industry in terms of product type and are expected to sustain its position during the forecast period. Electrophoresis blotting is highly efficient in pinpointing a specific protein in a given sample while employing the ability of an enzyme or fluorescence-labeled primary antibody to bind to its specific antigen. As a result it has high requirement in diverse applications.

Other key segments in this category are reagent kit products such as chromogenic reagent kits, chemiluminescent reagent kits, fluorescent reagents, antibodies, and buffer kits.

Which is the Leading Application for Western Blotting?

Currently, scientific research and medical diagnostics sectors continue to be lucrative in the global western blotting industry in terms of application and are set to remain in the positions in the coming years. Increase in number of research & development activities and advancement in medical diagnostics sector has made these segments highly lucrative for key players.

Other key applications of western blotting products are agriculture, food & beverages, and others.

Competitive Landscape

While the global western blotting industry is thriving on the top companies, the competition is getting stricter with each passing year. In order to secure their positions in the cut-throat competition, key market players are focusing on launching wider variety of products. For instance,

• Bio-Rad Laboratories, Inc. launched its new range of western blotting products such as Trans-Blot Turbo Transfer System, Immun-Blot PVDF Membrane, and others during the last 5 years from 2015 to 2020
• LI-COR, Inc. launched its new range of LI-COR Quantitative Western Blotting Solutions in 2020

Some of the key players providing western blotting solutions are-

• Thermo Fisher Scientific, Inc.
• GE Healthcare
• Hofmann-La Roche Ltd.
• Danaher Corporation (Lumigen, Inc.)
• EMD Millipore Corporation
• Bio-Rad Laboratories, Inc.
• PerkinElmer Inc.
• LI-COR, Inc.
• Bio-Techne Corporation (ProteinSimple Inc.)
• Advansta, Inc.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Report Scope

Key Questions Answered in Report

• Which are the top companies operating in the market?

  Some of the top companies providing western blotting solutions are Thermo Fisher Scientific, Inc., GE Healthcare, Bio-Rad Laboratories Inc., and LI-COR, Inc.

• Which are some of the lucrative markets for western blotting?

  The United States, The United Kingdom, Germany, China, India, Japan, and a few others are lucrative markets for western blotting, and are expected to dominate throughout the forecast period.

• Which is a highly sought-after product type for western blotting?

  Presently, electrophoresis blotting systems are the mostly sought-after in terms of product type, and are expected to keep leading over the forecast period as well.

• Which are some key applications of western blotting?

  Presently, research, diagnostic, and agricultural applications are key areas, while with advancements in the medical industry, manufacturers are subject to witness higher demand from these segments over the coming years.

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Market Segmentation by Category

Product Type

• Electrophoresis Blotting Systems
  • Automated Dry Blotting Systems
  • Semi-Dry Blotting Systems
  • Traditional Wet Transfer Blotting Systems
• Reagent Kits
  • Chromogenic Reagent Kits
  • Chemiluminescent Reagent Kits
    • Horseradish Peroxidase (HRP) Substrate
    • Alkaline Phosphatase (AP) Substrate
  • Fluorescent Reagents
  • Antibodies
    • Primary Antibody
    • Secondary Antibody
  • Buffer Kits

Application

• Research
• Diagnostics
• Agricultural
• Food & Beverages
• Other Applications

End User

• Diagnostic Laboratories
• Research Institutions
• Pharmaceutical & Biotechnology Companies

Region

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania