Global Electrophoresis Market: Introduction

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.

Key Drivers of Global Electrophoresis Market

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 to Account for Major Share of Global Electrophoresis Market

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.

Key Players Operating in Global Electrophoresis Market

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:

  • Bio-Rad Laboratories
  • GE Healthcare
  • Thermo Fisher Scientific, Inc.
  • Danaher Corporation
  • Agilent Technologies
  • Merck Millipore
  • PerkinElmer, Inc.
  • Hoefer Inc.
  • Lonza Group Ltd.
  • Shimadzu Corporation
  • Harvard Bioscience, Inc.
  • C.B.S. Scientific Company, Inc.

Global Electrophoresis Market: Research Scope

Global Electrophoresis Market, by Product

  • Capillary Electrophoresis
  • Gel Electrophoresis
  • Reagents
  • Imaging
  • Geldoc

Global Electrophoresis Market, by Application

  • Diagnostics
  • Research
  • Quality Control
  • Others

Global Electrophoresis Market, by End-user

  • Academic & Research Centers
  • Pharmaceuticals and Biotechnology
  • Hospitals & Diagnostics Centers

Global Electrophoresis Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Electrophoresis Market