According to the report published by Allied Market Research, the global electrophoresis market amassed revenue of $2.3 billion in 2021, and is expected to hit $4.0 billion by 2031, registering a CAGR of 5.7% from 2022 to 2031.
The increase in biochemical testing services and medical diagnostic services are some of the major factors driving the growth of the global electrophoresis devices market. The increase in the complexity of the treatment of diseases, such as cancer, genetic diseases, and other medical conditions, is also one of the main factors driving the growth of the electrophoresis market. The application of electrophoresis devices in areas such as microbial detection and protein analysis, promotes the popularity of electrophoresis devices.
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Impact of Covid-19 on Electrophoresis Market-
- The Covid-19 pandemic positively impacted the growth of the global electrophoresis market with capillary electrophoresis separating molecular components of a sample utilized for examination based on charge, mass, and nucleic acid chain length.
- Electrophoresis was extensively utilized during the COVID-19 pandemic for research purposes. Furthermore, different kinds of research activities were conducted to study viral particles during the pandemic, thereby enlarging the scope of the market growth.
In addition, recent advances in electrophoresis systems provide an opportunity for the electrophoresis market to support new applications. There has been the development of a variety of new technologies ranging from PerkinElmer microfluidic electrophoresis platforms to polyacrylamide gel electrophoresis and SDS PAGE and 2D gel electrophoresis. Many of these technologies have shown good results. In addition, there has been a significant increase in expenditures for the development of electrophoresis technology.
Key Market Players : Agilent, Bio-Rad Corporation, Danaher, Harvard, LONZA GROUP, Merck & Co. Inc., Perkinelmer, Qiagen NV, Schimadzu, ThermoFisher Scientific
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.3 Billion |
| Market Size in 2031 | $4.0 Billion |
| CAGR | 5.7% |
| No. of Pages in Report | 275 |
| Segments Covered | Product, Application, End User, and Region |
| Drivers | Surge in research activities in medical research ventures and biochemistry. |
| Increase in complicatedness in treatment of diseases such as genetically transmitted diseases and cancer. | |
| Escalating demand for electrophoresis in DNA and gene research activities. | |
| Opportunities | A rise in the use of electrophoresis equipment in domains such as protein analysis and microbial detection. |
| Surge in demand for new drugs and solutions. |
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electrophoresis market analysis from 2021 to 2031 to identify the prevailing electrophoresis market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electrophoresis market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electrophoresis market trends, key players, market segments, application areas, and market growth strategies.
FREQUENTLY ASKED QUESTIONS?
Q1. What is the estimated industry size of Electrophoresis?
Q2. What are the upcoming trends of Electrophoresis Market in the world?
Q3. What is the leading application of Electrophoresis Market?
Q4. Which is the largest regional market for Electrophoresis?
Q5. Which are the top companies to hold the market share in Electrophoresis?
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