How Has the Electrophoresis Market Evolved Historically and What is its Current Size?
The electrophoresis market has seen considerable growth due to a variety of factors.
• The size of the electrophoresis market has seen considerable expansion in recent times. The expectation is for it to increase from $3.07 billion in 2024 to $3.25 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.8%. The previous growth can be linked with the escalating rates of genetic diseases, advances in drug exploration and creation, protein examination in proteomics research, growing applications in clinical diagnostics, and progress in molecular biology.
What Is The Projected Growth Of The Electrophoresis Market?
The Electrophoresis market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions indicate a substantial growth in the electrophoresis market size over the coming years, aiming to reach a worth of $4.44 billion by 2029 at a compound annual growth rate (CAGR) of 8.2%.
This projected growth during the estimation period can be linked to factors such as the shift towards capillary electrophoresis, the need for high-throughput analysis, the broadening scope in food and beverage testing, diagnostic applications dealing with infectious diseases, and breakthroughs in microfluidic electrophoresis. Upcoming trends that could shape the estimated period include the advent of next-generation sequencing (NGS) and omics technologies, the incorporation of artificial intelligence (AI) in data analysis, the customisation and personalisation of electrophoresis systems, the expansion of the market in burgeoning economies, along with strategic acquisitions and mergers.
What Are The Key Drivers Fueling Growth In The Electrophoresis Market?
The electrophoresis market is expected to experience substantial growth driven by the escalating instances of cancer, infectious diseases and genetic disorders. Regularly occurring and spreading pandemic-potential infectious illnesses such as the plague, cholera, flu and severe acute respiratory syndrome are examples. Moreover, cancer, like diabetes and heart disease, is resultant from multiple causes instead of just one. This contributes to the increased use of electrophoresis for the detection and separation of DNA, RNA, or protein molecules to ascertain antibiotic concentration, thus enhancing dosage correctness. For example, in June 2022, the UK-based cancer charity Macmillan Cancer Support reported that the number of people living with cancer hit 3 million in 2022 and is anticipated to increase to approximately 3.5 million by 2025 and 4 million by 2030. Consequently, the escalating frequency of cancer and infectious diseases would spur the growth of the electrophoresis market.
What Are The Principal Market Segments In The Global Electrophoresis Industry?
The electrophoresis market covered in this report is segmented –
1) By Product: Electrophoresis Reagents, Electrophoresis Systems, Gel Documentation Systems, Electrophoresis Software
2) By Application: Research, Diagnostics, Quality Control And Process Validation
3) By End User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Hospitals, Other End Users
Subsegments:
1) By Electrophoresis Reagents: Gel Staining Solutions, Running Buffers, Sample Preparation Reagents
2) By Electrophoresis Systems: Horizontal Electrophoresis Systems, Vertical Electrophoresis Systems, Capillary Electrophoresis Systems
3) By Gel Documentation Systems: UV Transilluminators, Gel Imaging Systems, Software For Gel Analysis
4) By Electrophoresis Software, Data Analysis Software, Gel Image Analysis Software, Electrophoresis Experiment Management Software
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Which Emerging Market Trends Are Altering The Electrophoresis Industry?
Innovation in technology is emerging as a crucial trend in the electrophoresis market, with leading companies leveraging new tech solutions to maintain their market positions. For example, miniPCR bio, a life sciences company based in the US, in May 2023, introduced the GELATO electrophoresis system for quick DNA analysis. The GELATO system merges gel electrophoresis with transillumination technology, facilitating nucleic acid separation and visualization in one compact layout.
Who Are the Key Players In The Electrophoresis Market?
Major companies operating in the electrophoresis market include:
• Bio-Rad Laboratories Inc.
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Agilent Technologies Inc.
• Merck Group
• PerkinElmer Inc.
• QIAGEN N.V.
• Lonza Group Limited
• Shimadzu Corporation
• Harvard Bioscience Inc.
• C.B.S. Scientific Company Inc.
• Takara Bio Inc.
• Sebia Group
• Analytik Jena AG
• Biochrom Ltd.
• Biometra GmbH
• Cleaver Scientific Ltd.
• Helena Laboratories Corporation
• Hoefer Inc.
• Labnet International Inc.
• Major Science Co. Ltd.
• Prona Technologies Inc.
• Alfa Wassermann Inc.
• Eppendorf SE
• Promega Corporation
• Corning Inc.
• LI-COR Biosciences
What Are The Regional Insights Into The Electrophoresis Market?
North America was the largest region in the electrophoresis market in 2024. The regions covered in the electrophoresis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
