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Electrophoresis technique is used to physically separate macromolecules such as RNA, nucleic acid fragments, and proteins according to their molecular size and electric charge. Gel electrophoresis and capillary electrophoresis techniques are the first choice of researchers for efficient analytical separation of macromolecules. Gel electrophoresis is a technique that separates macromolecules using gel-like matrix and offers a range of geometrics to researchers. The capillary electrophoresis market has been revitalized by growing popularity of microfluidics. Gel electrophoresis is used in genomics for the generation of artificial chromosome libraries, genetic mapping, and chromosomal assignments of genes. Hence, the genomics market is expected to drive the global electrophoresis market. Increase in government funding and technological advancements are expected to boost market growth. However, decline in average selling prices of instruments and services is expected to be offset by an increase in genetic testing volumes. Expanding applications of genomics research and testing supported by the decline in cost of instruments and consumables present significant opportunities for market players in the manufacturing and services industry.
Increase in Importance of Proteomics Research
High-throughput proteomics technologies combined with advanced bioinformatics are extensively used to identify molecular signatures of diseases based on protein pathways and signaling cascades. Mass spectrometry plays a vital role in proteomics and has become an indispensable tool in molecular and cellular biology. Proteomics is the protein equivalent of genomics and has captured the imagination of biomolecular scientists across the world. In the post-genomic era, proteomics is a rapidly growing field of research that is becoming increasingly important. Genomics has provided a vast amount of information linking gene activity with disease, but it does not predict PTM that most proteins undergo. The genomics and proteomics are complementary fields, with proteomics extending the functional analysis.
Increase in Health Care Expenditure
According to the Centers for Disease Control and Prevention and the National Center for Health Statistics data, annual health care expenditure in the U.S. is around US$ 2.5 Trn, which represents 17.4% of the GDP. Demographic analysis of health care expenditure shows that average per capita health care expenses increases significantly with age, particularly for individuals above 65 who are more susceptible to heart and vascular diseases, cancer, acute and chronic neurological conditions, inflammatory and immune diseases, and a range of other conditions. Around 1% of the seriously ill account for more than 25% of total health care expenditure.
North America is projected to account for major share of the global electrophoresis market during the forecast period. The market in the region is anticipated to grow at a rapid pace in the next few years due to increase in research & development and technologically advanced products introduced in the market. North America dominated the global electrophoresis market due to innovation in electrophoresis techniques, acceptance of new technologies, and procedural (usage pattern) shift toward combination techniques. Asia Pacific is anticipated to be a highly attractive market during the forecast period due to rise in proteomics & genomics research, increase in investments by pharmaceutical & biotechnology companies, surge in awareness about personalized therapeutics, and increase in research activities.
The global electrophoresis market is highly consolidated owing to the presence of small number of key players. Leading players operating in the global electrophoresis market are:
Global Electrophoresis Market, by Product
Global Electrophoresis Market, by Application
Global Electrophoresis Market, by End-user
Global Electrophoresis Market, by Region
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Electrophoresis Market
