The latest market report published by Credence Research, Inc. “Electrophoresis Equipment and Supplies Market Growth, Future Prospects, and Competitive Analysis, 2018–2026” the electrophoresis equipment and supplies market was valued at US$ 1,729.2 Mn in 2017 and projected to reach US$ 2,554.4 Mn by 2026 at a CAGR of 4.4% over the forecast period from 2018 to 2026.
The electrophoresis equipment and supplies market is likely to exhibit a noticeable CAGR during the forecast period from 2018 to 2026. Electrophoresis is a technique mostly used in the lab to separate charged particles or molecules such as deoxyribonucleic acid (DNA), based on the size. Electrophoresis detects and quantifies minute traces of a broad-range of biomolecules in a mixture including nucleic acids, proteins, carbohydrates, and amino acids. The technique separates DNA fragments and other macromolecules especially proteins & nucleic acids such as ribonucleic acid (RNA), and widely used by life science laboratories for protein analysis & separation.
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Major players in this space are Bio-Rad Laboratories, Inc.; Thermo Fisher Scientific Inc.; GE Healthcare; Agilent Technologies, Inc.; Beckman Coulter, Inc. (A Subsidiary of Danaher Corporation); PerkinElmer Inc.; Shimadzu Corporation; Merck KGaA; QIAGEN; and Helena Laboratories. Improved technology, advanced solutions, wide-ranging product portfolio, and well-organized post-sales services are the factors supporting the dominance of these market players.
Key Market Movements:
- Globally, the electrophoresis equipment and supplies market will witness a considerable growth at a CAGR of 4.4% over the forecast period from 2018 to 2026
- Capillary electrophoresis technique is on the rise due to the growth in hyphenated technology, which in turn increasing the adoption of capillary electrophoresis–mass spectrometry (CE-MS). Researchers often use this technique owing to its higher efficiency & resolution, minimum sample & solvent requirements, and on-line detection principle.
- The research & diagnostics segment held the lion’s share of the market in 2017 due to growing applications of electrophoresis in drug discovery, mounting technological advancements such as automated electrophoresis systems and microchip-based CE diagnostics