Press Release

Electrophoresis Market: Surging proteomics and genomics research activities drive substantial growth of CAGR 5.5%

Date : Jul 24, 2023

The global Electrophoresis Market has been exhibiting steady and substantial growth in recent years, driven by the rapidly expanding application areas in genomics, proteomics and other life science research domains. This article provides a comprehensive and detailed analysis of the electrophoresis market including key highlights, latest trends, challenges, segmentation analysis, regional insights, and profile of major companies.

Market Highlights and Statistics:

·         The electrophoresis market was valued at USD 2.3 billion in 2021 and is projected to reach USD 3.7 billion and grow at a CAGR of 5.5% from 2022 to 2030.

·         North America held the dominant share exceeding 40% in 2022 owing to high investments in life science R&D.

·         Gel electrophoresis accounted for the largest share in 2022 based on the technology segment.

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Electrophoresis Market Overview:

The steady market growth can be attributed to the thriving genomics, proteomics, and antibody research activities, continuous advancements in electrophoresis technologies, rising public and private spending on life science research and development, and increasing prevalence of chronic diseases. The growing adoption of 2D electrophoresis, capillary electrophoresis, and increasing integration of automation are the key trends observed in the market. High equipment costs and dearth of skilled researchers remain major challenges.

Latest Trends in the Electrophoresis Market:

Increasing adoption of capillary electrophoresis and two-dimensional electrophoresis.

Growing integration of electrophoresis with mass spectrometry and other analytical techniques.

Rising application of electrophoresis in protein biomarker discovery research.

Incorporation of automation and AI in electrophoresis workflows.

The gradual shift towards microchip and paper electrophoresis platforms.

Major Growth Factors:

Expanding application landscape in genomics, proteomics, epigenetics and antibody research.

Substantial rise in R&D investments in the biotechnology and life sciences domain.

Rising incidence and burden of chronic diseases like cancer globally.

Increasing focus on developing personalized therapeutic solutions.

Continuous technological advances in electrophoresis equipment and consumables.

Market Challenges:

High costs of advanced electrophoresis systems and equipment.

Scarcity of trained professionals and expertise in developing countries.

Requirement of frequent maintenance of instruments.

Complex and tedious pre-electrophoresis sample preparation processes.

Lack of reproducibility and standardization concerns in manual electrophoresis.

Electrophoresis Market Segmentation Analysis:

The market can be analyzed by type, application, and end user. Major types are capillary zone electrophoresis (CZE), capillary gel electrophoresis (CGE), capillary electro chromatography (CEC), and others. Key applications are research, diagnostics, and quality control & process validation. Major end users are research organizations, hospitals & diagnostic centers, academic institutions, and pharmaceutical & biotechnology companies.

Regional Market Insights:

North America accounted for over 40% market share in 2022, attributed to extensive proteomics and genomics research programs in the U.S. Asia Pacific market is poised to grow at the fastest CAGR during 2022-2030.

Leading Companies Profiled in the Electrophoresis Industry:

Key players profiled include Danaher Corporation, Agilent Technologies Inc., Bio-Rad Laboratories Inc., Merck Group, Thermo Fisher Scientific Inc., PerkinElmer Inc., GE Healthcare Ltd., Harvard Bioscience Inc., Shimadzu Corporation, Sebia Group, C.B.S. Scientific Company Inc., among others. Acquisitions, partnerships and new product launches are key business strategies adopted.

Conclusion:

Driven by surging investment in life science R&D and rising application in genomics and proteomics, the electrophoresis market outlook remains positive. Advances in equipment to improve efficiency, sensitivity, and reproducibility will further boost adoption over the forecast period.

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