According to a new report published by UnivDatos Markets Insights, the Electrophoresis Market was valued at more than USD 2.6 Billion in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Type (Electrophoresis System, Electrophoresis Reagents, Gel Documentation Systems and Software, and Imaging); Region/Country.

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The Electrophoresis Market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Electrophoresis Market. The Electrophoresis Market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Electrophoresis Market at the global and regional levels.

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Market Overview

Electrophoresis is a technique, which is used to separate DNA, RNA, or protein molecules according to their size and electrical charge. The molecules are moved by an electric current through a gel or other matrix. Smaller molecules can move more quickly than larger molecules thanks to pores in the gel or matrix that act as a sieve. Standards of known sizes are separated on the same gel and compared to the sample to determine the size of the molecules in the sample. In recent years, the demand for electrophoresis has risen dramatically during the recent years, which is mainly due to the rising cases of cancer, infectious disease, and genetic disorders. For instance, as per the data of GLOBOCAN, about 19.2 Million newly diagnosed cancer cases were observed in the year 2020 and this number is expected to reach 21.6 Million by the year 2025.

Factors such as rising cases of cancer, infectious disease, and genetic disorders coupled with the increasing investments in genomic research and rising number of research-industry collaborations are some of the prominent factors that are positively influencing the market growth globally.

Some of the major players operating in the market include Bio-Rad Laboratories, GE Healthcare, Thermo Fisher Scientific, Inc., Danaher Corporation, Agilent Technologies, Merck Group, PerkinElmer, Inc., Harvard Bioscience, QIAGEN N.V., and Lonza Group Ltd.

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COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. The Electrophoresis Market has been significantly affected during these times owing to the delay in elective surgeries during the pandemic.

The global Electrophoresis Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·       Based on type, the market is segmented into electrophoresis system, electrophoresis reagents, gel documentation systems and software, and imaging. The electrophoresis reagents segment is dominating the market and is expected to grow significantly during the forecast period owing to the growing adoption of the consumables coupled with the increasing application of electrophoresis in the field of proteomics, genomics, drug discovery, antibody production, personalized medicine etc. Along with this, the market for electrophoresis is expanding due to factors including the rising frequency of chronic diseases and partnerships and collaborations between top companies and academic institutions. For instance, in June 2021, Thermo Fisher Scientific signed an agreement with Advanced Electrophoresis Solutions Ltd with an aim of accelerating therapeutic development using Cutting-Edge Protein Analysis.

·       On the basis of application, the market is categorized into diagnostics, research, quality control, and others. Among these, the research segment held a significant share in the market in 2020. This is mainly due to the increasing application of electrophoresis in drug discovery, genomics, and proteonomics. Along with this, the growing adoption of next-generation sequencing and the identification of biomarkers is also expected to improve the adoption rate of electrophoresis and consumables in the research field.

·       Based on end user, the electrophoresis market is segmented into academic & research centers, pharmaceuticals & biotechnology, and hospitals & diagnostic centers. The academic & research centers held a significant share of the market and due to the high adoption of electrophoresis during the forecast period. This is mainly due to the rising adoption rate of electrophoresis in the field of drug discovery and development, genomics, proteomics, and precision medicine.

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Electrophoresis Market Geographical Segmentation Includes:

·       North America (United States, Canada, and Rest of North America)

·       Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·       Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·       Rest of the World

North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, a rising number of surgeries, and an increasing number of travelers in the region. For instance, U.S. domestic travel increased 1.7% in 2019 to a total of 2.3 billion person-trips. Also, Leisure travel accounted for 80% of all U.S. domestic travel in 2019. Furthermore, the presence of key industry players in the region and an increasing number of product launches are also some of the factors contributing to the market growth.

The major players targeting the market include

·       Bio-Rad Laboratories

·       GE Healthcare

·       Thermo Fisher Scientific, Inc.

·       Danaher Corporation

·       Agilent Technologies

·       Merck Group

·       PerkinElmer, Inc.

·       Harvard Bioscience

·       QIAGEN N.V.

·       Lonza Group Ltd.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Electrophoresis Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Electrophoresis Market?

• Which factors are influencing the Electrophoresis Market over the forecast period?

• What are the global challenges, threats, and risks in the Electrophoresis Market?

• Which factors are propelling and restraining the Electrophoresis Market?

• What are the demanding global regions of the Electrophoresis Market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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