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(Medical-NewsWire.com, November 11, 2019 ) A number of factors, such as the growth in funding for research on electrophoresis techniques, increasing number of research collaborations between market players and academic institutions, increasing use of capillary electrophoresis (CE) with mass spectroscopy (MS), and growing focus on next-generation sequencing research are driving the growth of the market. The base year considered for the study is 2016 and the forecast period includes 2017 to 2022.
Market Size
The global Electrophoresis Market is projected to reach USD 2.80 Billion by 2022 from USD 2.15 Billion in 2017, at a CAGR of 5.4%.
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“By product, the reagents segment accounted for the largest share of the market in 2016.”
On the basis of product, the reagent segment accounted for the largest share of the global electrophoresis market. This is primarily attributed to the increasing demand for 2D electrophoresis for protein separation for various applications such as biomarker discovery and protein mapping.
“By Application, the research segment held the largest market share in 2016.”
Based on application, the research segment accounted for the largest share of this market. Low cost and sensitive approach for DNA sequencing, the major role of electrophoresis in drug discovery, rising use of electrophoresis techniques as a result of growing importance of antibody research in the development of biotherapeutic are the major factors driving the use of electrophoresis, which has boosted the demand for research applications.
Recent Developments
• In May 2017, the Bio-Rad Laboratories (U.S.) launched its ChemiDoc MP Digital Imaging System—a gel documentation product. The company also focuses on acquiring local and international players providing life science products to expand its business.
• In 2017, Bio-Rad acquired RainDance Technologies, Inc. (U.S.), a provider of a wide range of life science research and clinical research products that will extend the reach of Bio-Rad into next-generation sequencing (NGS) applications and strengthen its position in the area of Droplet Digital systems.
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