LONDON--(EON: Enhanced Online News)--Technavio analysts forecast the global gel electrophoresis market to grow to USD 1,470.13 million by 2021, at a CAGR of close to 7% over the forecast period, according to their latest report.
“Developing economies such as India and China are swiftly expanding their R&D facilities to be on par with their developed counterparts. This is creating a huge growth potential for vendors in the laboratory equipment market”
The research study by Technavio on the global gel electrophoresis market for 2017-2021 provides detailed industry analysis based on end-users (laboratory research and pharmaceutical and biotechnological companies) and geography (the Americas, EMEA, and APAC).
Gel electrophoresis is a technique used to separate mixtures of deoxyribonucleic acid (DNA), ribonucleic acid (RNA), or proteins based on their molecular size. Laboratory research is the leading revenue generator for the gel electrophoresis market.
Gel electrophoresis is being increasingly demanded from the personal medicine and drug discovery segments in laboratories. Major revenue contributors to this segment are the developed countries in North America and Europe.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global gel electrophoresis market:
- Increasing demand in proteomics market
- Increasing demand for personalized medicine
- Emerging markets such as India and China
Increasing demand in proteomics market
“The study of proteins and their effect on the proper functioning of the human body has been gaining prominence, leading to the development of new and personalized drugs through the identification and study of protein expressions,” says Amber Chourasia, a lead analyst at Technavio for lab equipment research.
Gel electrophoresis techniques such as 2-D electrophoresis is a core separation technology and form an integral component of any proteomics program. Protein electrophoresis can separate and resolve complex mixtures of thousands of proteins in a single gel, which is driving their increasing adoption in the proteomics market.
Increasing demand for personalized medicine
Personalized medicine is an umbrella term used for treatments tailor-made to suit individual patients’ anatomy and morphology. Personalized medicines greatly increase the efficacy of treatments through companion diagnostics and genetic testing. These drugs minimize any adverse effects the treatment may have on the patient.
Gel electrophoresis techniques are widely adopted in the field of personal medicine to accurately map and analyze the abnormal tissues or molecules responsible for causing the illness. Electrophoresis techniques such as two-dimensional difference gel electrophoresis provide quantitative, sensitive, reproducible, high-throughput, and exhaustive global protein expression profiling.
Emerging markets such as India and China
“Developing economies such as India and China are swiftly expanding their R&D facilities to be on par with their developed counterparts. This is creating a huge growth potential for vendors in the laboratory equipment market,” says Amber.
Rapidly growing process industries in the developing countries will attract increased investments from private firms to establish state-of-the-art laboratories in these regions. Also, there is an increasing migration of R&D facilities to developing APAC nations due to lower capital costs and cheap availability of labor. These two factors will lead to a higher demand for electrophoresis instruments and techniques, such as gel electrophoresis, thereby driving market growth.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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