"Designing Growth Strategies is in our DNA"
Electrophoresis is a procedure to separate and/or purify the molecules like nucleic acids and proteins, under the influence of electricity. It is one of the most conventional techniques used in biotechnology, which separates the particles on the basis of charge and size they possess. Electrophoresis is a preferred method for both research and diagnostics due to its applicability for quantification and detection of biomolecules which has helped to boost the growth of the market. Moreover, the growth of the market can be attributed to growing research projects related to genes, proteins, and individual biomolecules.
Electrophoresis equipment and supplies market is expanding due to the continuous technological advancements and increasing investments in biotechnology. According to PharmaTimes December 2018, 13.5 bn USD venture capital was invested into the biotechnology sector in the first ten months of 2018, beating the previous full-year record of USD 11 bn in 2017. Moreover, the demand for electrophoresis equipment and its supply market has increased worldwide due to the improvement in the sensitivity, precision, and speed of the electrophoresis equipment. Also, factors such as rising demand for innovative therapies and drugs and an increase in demand and interest in research associated with DNA, genes, and proteins are expected to propel the growth of the market in the forecast period.
Key Market Driver -
Are projected to boost the market
Key Market Restraint -
Complexity involved in process of extraction is likely to hinder the market growth.
However, the use of electrophoretic instruments demands technical expertise and hazardous chemical, which may put technical barriers which are expected to obstruct the market growth.
Globally, the electrophoresis equipment and supplies market can be segmented on the basis of the types, products, end-users, and region. Based on the types, the market can be segmented into DNA electrophoresis, RNA electrophoresis, and protein electrophoresis. Based on the products, the market can be segmented into gel electrophoresis, capillary electrophoresis, and electrophoresis supplies & accessories. Gel electrophoresis can further be segmented into horizontal, vertical, and gel documentation system. Electrophoresis supplies & accessories segment can be sub-segmented into reagents & buffers, power packs, and others. Based on the end-user, the market can be segmented into biotechnology & pharmaceutical industries, diagnostics, academic & research institutes, and others.
Geographically, electrophoresis equipment and supplies market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The major companies in the global electrophoresis equipment and supplies report include Bio-Rad Laboratories Inc., Agilent Technologies, PerkinElmer Inc, Merck KGaA, Thermo Fisher Scientific Inc., Beckman Coulter Inc., Hoefer Inc., Lonza Group Ltd., SERVA Electrophoresis GmbH, C.B.S Scientific Company Inc., QIAGEN, Helena Laboratories Corporation, and other prominent players.
To gain extensive insights into the market, Request for Customization
Geographically, the global electrophoresis equipment and supplies market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to hold the largest share of the market and is anticipated to follow the same trend over the forecast period owing to the increasing expenditure in research. The U.S. is anticipated to witness the highest growth due to the plethora of world-class research universities and academic medical centers. Moreover, the R&D spending of the U.S. is quite higher than in most of the regions. For instance, in 2014, the U.S. witnessed most top R&D investments in biotechnology and, since then, the US biotechnology research and investment has been growing at a steady rate. Europe is projected to be the second most productive market throughout the forecast period. The development of new products and partnership activities of biotechnology companies is likely to boost the growth of the market in this region. Moreover, technological advancements and increased government funding in biotechnology are expected to boost the market in this region. However, Asia-Pacific possesses the high market potential for the growth of the market due to an increase in the purchasing power of the countries of this region and R&D expenditure. Moreover, an increasing number of academic and research institutes across different countries are also likely to boost the biotechnology sector driving the growth of the market over the forecast period. This fast-growing startup space in the region stimulated by the influx of capital will encourage added research and development efforts toward building advanced technologies. Latin America and the Middle East and Africa are expected to show moderate growth during the forecast period.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry