Electrophoresis Reagents Market is Expecting Major Technological Revolutions in Near Future

PUNE, India, 2020-Aug-05 — /EPR Network/ —

Substantial growth and rapid technological advancement was experienced by the electrophoresis market in the past few years which had had a positive impact on the overall growth of the electrophoresis reagents market. The market has witnessed new transforming and innovative applications of the electrophoresis reagents market.

The global electrophoresis reagents market is expected to reach USD 1.05 Billion by 2020. This market was valued at USD 810.2 Million in 2015 and is expected to grow at a CAGR of 5.4% from 2015 to 2020

The global electrophoresis reagents market is mainly driven by technological advancement; rapidly increasing geriatric population; increasing funding for genomics and proteomics research. However, time consuming operations and limited sample analysis through gel electrophoresis and presence of alternative technologies offering better efficiencies and results are restraining the growth of this market to a certain extent.

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The electrophoresis reagents market is segmented based on products, end users, techniques, applications, and regions. Based on products, the market is segmented into gels, dyes, buffers, and other electrophoresis reagents. Electrophoresis gels are subsegmented into polyacrylamide gels, agarose gels, and starch gels; dyes are subsegmented into ethidium bromide (EtBr), SYBR, and other dyes; and buffers are subsegmented into tris borate EDTA (TBE) buffers, tris acetate EDTA (TAE) buffers, and other buffers.

Based on technique, the electrophoresis reagents market is segmented into gel electrophoresis and capillary electrophoresis. Based on end users, the market is segmented into academic & research institutions, pharmaceutical & biotechnology companies, hospitals & diagnostic centers, and other end users. On the basis of applications, the market is segmented into protein analysis and DNA & RNA analysis.

In 2014, the electrophoresis gels segment accounted for the largest share of the electrophoresis reagents market. However, the electrophoresis dyes segment is expected to be the fastest-growing segment in this market during the forecast period of 2015-2020. The high growth in this segment can be attributed to increasing investments and efforts by market players to find safer and highly sensitive alternative dyes for electrophoresis analysis.

Academic & research institutions end user segment to contribute the largest share during forecast period

Based on end user, the global electrophoresis reagents market is divided into academic & research institutes, pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, and others. Academic & research institutes form the largest end-user segment in 2015. The large share of this segment is mainly due to factors, such as rising R&D expenditure, large investments in emerging markets sucha as China and India, and wide application of electrophoresis reagents in academic and research institutions.

North America is expected to account for the largest share of electrophoresis reagents market during the forecast period

The global electrophoresis reagents market is divided into four major regions-North America, Europe, Asia- Pacific, and the Rest of the World (RoW). North America accounted for the largest share of global electrophoresis reagents market in 2015. North America has been among the frontrunners in terms of drug discovery research and the utilization of advanced diagnostics technologies. An increasing number of proteomic and genomic research projects in the U.S. and Canada and stringent regulatory requirements for the pharmaceutical sector in these countries are some of the major factors accounting for the greater demand for electrophoresis technologies and related consumables in North American region.

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The prominent players in the electrophoresis reagents market include Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Lonza Group (Switzerland), QIAGEN N.V. (Netherlands), and Merck Millipore (U.S.), among others.

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