Electrophoresis Equipment and Supplies Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Albany, New York (PRWEB) May 15, 2014
According to a new market report published by Transparency Market Research "Electrophoresis Equipment and Supplies Market (Gel Electrophoresis, Capillary Electrophoresis and Electrophoresis Accessories) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global electrophoresis equipment and supplies market was valued at USD 1.37 billion in 2012 and expected to grow at a CAGR of 4.8% from 2013 to 2019, to reach an estimated value of USD 1.92 billion in 2019.
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Electrophoresis technique is being used since several decades to physically separate macromolecules such as RNA, nucleic acid fragments and proteins according to their molecular size and electric charge. Electrophoresis can be segmented as gel electrophoresis and capillary electrophoresis and both these techniques are observed to be the first choice of researchers for efficient analytical separation of macromolecules. Gel electrophoresis is a technique that separates macromolecules using gel-like matrix and has contributed to the growth by offering a wide range of geometrics to researchers. The market for capillary electrophoresis has been revitalized through growing popularity of microfluidics.
The factors driving electrophoresis market include the increasing importance of proteomics research and drug discovery, which in turn is triggered by increase in market demand for innovative drugs and therapies. Along with this patent expiration of several bestseller drugs increasing new drug development investments and market focusing on research projects involving proteins, associated biomolecules and genes is also driving this market. There has been a significant demand for technologically advanced electrophoresis equipment that are capable of providing higher precision and enhanced detection limits along with higher throughputs. Electrophoresis accessories market includes reagents, electrophoresis densitometers and DC supply, of which reagents market captures the major share followed by DC supply and electrophoresis densitometers.
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Gel electrophoresis currently has major market share because of its increasing use in genomics applications with a market share of over 50% of the total electrophoresis market in 2012. Two-dimensional gel electrophoresis equipment is expected to be the fastest growing market of the gel electrophoresis segment and the most preferred technique for proteomics research. Capillary electrophoresis is emerging with a significant growth rate and was observed to be the most preferred choice of research institutes. It is recognized for its high efficiency, high resolution, complete automation, minimum sample and solvent requirements, on-line detection capabilities and ease of miniaturization.
Nucleic acid and protein analysis are the major applications of electrophoresis. The protein diagnostics market is expected to grow at a highest CAGR of 5.3% from 2013 to 2019. This growth has been supported due to a significant rise in the proteomics research. While hemoglobin analysis market is the most established market capturing approximately 40% of the market share of electrophoresis equipment by application in 2012.
In terms of geography, North America was the leading market in 2012 with major market share of electrophoresis equipment and reagents. Whereas Asia-Pacific is expected to experience rapid growth in the coming years owing to the overall development in healthcare infrastructure and research facilities in this region.
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Global electrophoresis equipment and supplies market is dominated by Bio-Rad Laboratories, Inc., GE Healthcare Ltd. and Hoefer, Inc., whereas Agilent Technologies and Life Technology Corp. among others form the other key players of market.
The global electrophoresis equipment and supplies market is segmented as follows:
Electrophoresis Equipment and Supplies Market, by Technology
- Gel electrophoresis
- Slab Gel Electrophoresis
- Polyacrylamide Gel Electrophoresis
- Two-dimensional Gel Electrophoresis
- Capillary Electrophoresis
- Electrophoresis Accessories
- Electrophoresis Densitometers
- DC Power Supply
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Electrophoresis Equipment and Supplies Market, by Applications
- Diagnostics (Proteins)
- Microbial Detection
Electrophoresis Equipment and Supplies Market, by Geography
- North America
- Rest of the World (RoW)
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