Southern Blotting Market report is an in-depth analysis study offered which explains necessary aspects like competition, segmentation, and regional growth in excessive detail. As a part of competitive analysis, the analysis study includes thorough company identification of leading players of the Southern Blotting Market.
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Southern Blotting Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. One of the objectives of this report is to identify the latest developments, market shares, and strategies employed by the major market players. Besides, the least competitive market niches with significant growth potential are also identified. For research methodology, secondary research, primary research, subject matter expert advice, quality check, and final review was utilized.
Global Southern Blotting Market Overview
A Southern blot is a method in molecular biology for detection of specific DNA sequence in DNA samples. Southern blotting combines transfer of electrophoresis-separated DNA fragments to filter membrane and subsequent fragment detection by probe hybridization. The technique was first introduced in 1970’s to detect presence of DNA fragment in samples. The technique not only helps in molecular R&D but also to detect some of the most chronic diseases – cancers and genetic diseases – prevalent across world.
Market Dynamics- Drivers
Drug discovery advancement along with demand for effective therapeutic treatment for genetic diseases is expected to bolster the southern blotting market worldwide
Growing incidence of many rare genetic disease worldwide is expected to drive growth of the global Southern blotting market during the forecast period. As per the estimates, there are over seven thousand rare genetic diseases prevalent globally with over 11% of U.S. population living with these diseases. Over 80% of these diseases are genetic in nature. As a result, pharmaceutical companies are spending heavily on R&D to develop effective drugs. Increased R&D spending coupled with increasing diagnostic cases is expected to create substantial opportunity for players engaged in southern blotting industry.
Moreover, growing use of Southern blotting in forensic science is expected to fuel the global Southern blotting market over the forecast period.
Key players in the market are expected to create substantial opportunity over the forecast period. It will be challenging for market players in capitalizing emerging regions wherein lower government funding along with high product pricing is a major cause of concerns for the players.
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Market Taxonomy:
Coherent Market Insights has segmented the southern blotting market by
- Product
- Application
- End-user
Market Outlook
On the basis of product, instruments are expected to be the attractive segment driving huge revenue for market players.
By application, scientific research holds key market share of overall industry. However, is expected to lose considerable market to medical diagnosis.
Regional Insights
North America to dominate the southern blotting market owing to increased government funding and availability of technologies in the region
The southern blotting market report covers market analysis across regions – North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Among regions, North America is expected to hold dominant position in the global Southern blotting market over the forecast period, followed by Europe. This is owing increased government funding and ample availability of technologies in the region. North America currently represents the largest regional market for southern blotting. Rise in genetic disorders, HIV prevalence, and on-going clinical research across various therapeutic application are some major factors driving the growth in the region. North America is expected to be primarily driven by U.S. – accounting for over 87% of the regional market in 2015.
Penetration rate of southern blotting instruments and consumables in Asia Pacific is low compared to developed regions. However, is expected to witness huge growth over the time frame. China and India are two major power engines of Asia Pacific.
Competitive Background
Companies such as BioRad Laboratories and ThermoFisher Scientific spends heavily on molecular diagnostic R&D
Major companies operating in the global Southern blotting market are BioRad Laboratories, Agilent Technologies, ThermoFisher Scientific, Perkin Elmer Inc., Aplegan, Applied Bio systems, Cleaver Scinetific Ltd, and Pall Life Science Laboratories.
Key Developments
Key companies are focused on various business strategies such as merger and acquisition to gain competitive edge in the market. For instance, in March 2018, Thermo Fisher Scientific, a biotechnology product development company, acquired IntegenX, a DNA testing firm for an undisclosed amount.
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