Electrophoresis is a technique used for separating charged biomolecules based on their size and electric charge, and is mainly used in protein and RNA & DNA analysis. It is one of the most extensively-used techniques in biochemistry and molecular biology, with gel electrophoresis and capillary electrophoresis being the most preferred choice of researchers for efficient separation of macromolecules. Over the past decade, the market for electrophoresis reagents has witnessed a significant development, owing to increasing applications in healthcare industry. With the growing aging population and rising number of diseases and other disorders, the demand for electrophoresis reagents has increased, thereby stimulating the growth of this market.
Drivers for the Market
The growth of the worldwide market for electrophoresis reagents can be primarily attributed to the following factors:
- Rapidly growing geriatric population
- Growing number of collaborations between industry and academic research institutes
- Increased funding for genomic and proteomics research
- Rising cases of infectious diseases, cancer, and genetic disorders
- Advancements in technology
Apart from these, rapidly emerging economies, rising demand for personalized medicine, and a shift from plant-derived to genome-based drugs has created a buzz in the industry, thereby creating an array of growth opportunities for this market. However, time-consuming operations, limitations on sample analysis through gel electrophoresis, safety concerns related to mutagenic nucleic acid dyes, and presence of alternative technologies that provide better results and efficiency are some of the restricting factors affecting the growth of this market.
Market Overview
The global electrophoresis reagents market is expected to reach USD 1.05 Billion by 2020. This market was valued at USD 810.2 Million in 2015 and is expected to grow at a CAGR of 5.4% from 2015 to 2020. In 2014, North America was the dominant market, followed by Europe, Asia-Pacific, and RoW. Among these, North America and Europe are estimated to grow with healthy growth rate over the coming years, whereas Asia-Pacific is projected to be the fastest-growing market and offer considerable growth opportunities for the leading players involved in this market.
On the basis of products, the gels segment took up the major share of the market in 2014. However, the dyes segment is estimated to be the fastest-growing segment over the forecast period, mainly due to increasing investments and efforts taken by the leading market players for finding a safer and highly sensitive substitute dyes for electrophoresis analysis.
Based on application, the protein analysis segment held the largest market share in 2014, whereas based on end-user, the segment of academic & research institutions held the largest share of the market, owing to increased research activities in academic & research institutions.
Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Lonza Group (Switzerland), QIAGEN N.V. (Netherlands), and Merck Millipore (U.S.), among others are the prominent players in functioning in the global market for electrophoresis reagents.
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Research Scope
The analysis and forecasts for the global market for electrophoresis reagents has been done on the basis of following segmentation:
- Product: Dyes, Gels, Buffers, Others
- End-User: Academic & Research Institutions, Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Centers, Others
- Application: Protein Analysis, DNA & RNA Analysis
- Technique: Gel Electrophoresis, Capillary Electrophoresis
- Geography: North America, Europe, Asia-Pacific, RoW
