Global western blotting market was valued at $296.0 million in 2013 and is poised to grow at a CAGR of 4.8% from 2013 to 2018, to reach $374.2 million by 2018.
(PRWEB) August 05, 2014
The global western blotting market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (innovations, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market.
In the coming years, the western blotting market is expected to experience the highest growth in the Asian region, with emphasis on India and China. These countries are expected to serve as new revenue pockets for the western blotting manufacturers. The high growth in these regions can be attributed to the extensive research in the field of crop science and growing pharmaceutical and biotechnology industry in India and China. In addition, rising incidences of HIV infection in the Asian region is likely to propel the market. The U.S. and European markets are witnessing increased funding for researches that use western blotting. The Rest of the World (RoW) region, which includes Latin America, Africa, Middle East, and the Pacific countries, experience increasing focus on proteomics research, federal collaboration in Australia, and high prevalence of HIV infection in South Africa, thus increasing the potential for the western blotting market in these regions. Complete report is available at http://www.rnrmarketresearch.com/western-blotting-market-by-product-instruments-manualsemi-automatedautomated-consumables-kitsreagentsmembrane-by-application-disease-diagnosisagriculturebiomedical-research-end-user-a-market-report.html.
Western blotting consumables have the largest share in the global western blotting market, as they have a variety of applications in all areas, which include disease diagnosis, agriculture, biomedical and biochemical research, and QC tests in the bio-pharmaceutical, pharmaceutical, and biotechnology industry. The biomedical and biochemical research segment accounted for the largest share of the western blotting application market, as western blotting techniques are extensively used in the area to separate, purify, and detect proteins.
Over the years, the western blotting market comprising of instruments and consumables, has witnessed various technological advancements to improve the sensitivity, reproducibility, quantifiable, and speed of western blot experiments. These advancements have led to a growth in the number of applications. Western blotting instruments and consumables have its applications in disease diagnosis, agriculture, biomedical and biochemical research, biologic (therapeutics), and QC tests in the bio-pharmaceutical industry.
The leading players of this industry include Advansta Inc, Assay Horizons, Inc, Bio-Rad Laboratories Inc, Ge Healthcare, Li-Cor Biosciences, Merck Millipore, Perkinelmer Inc, Proteinsimple Inc, Roche Applied Science, Sigma-Aldrich Corporation and Thermo Fisher Scientific Inc. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=201736.
The research report studies the global western blotting market over the forecast period of 2013 to 2018. This market was valued at $296.0 million in 2013 and is poised to grow at a CAGR of 4.8% from 2013 to 2018, to reach $374.2 million by 2018. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of the World (RoW). North America is the largest market for western blotting, followed by Europe and Asia. However, the Asian market is slated to grow at the highest CAGR in the coming five years. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=201736.
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Western blotting market report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms garner a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
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