The Electrophoresis Equipment and Supplies Market is estimated to grow at a 4.9% CAGR from 2023 to 2033, from USD 2.1 billion in 2023 to USD 3.4 billion in 2033.
| Attribute | Details |
|---|---|
| Electrophoresis Equipment and Supplies Market Value (2023) | USD 2.1 billion |
| Electrophoresis Equipment and Supplies Market Anticipated Value (2033) | USD 3.4 billion |
| Electrophoresis Equipment and Supplies Market Growth Rate (2023 to 2033) | 4.9% CAGR |
The global demand for healthcare breakthroughs is expanding
Electrophoresis is mostly used to separate and examine big molecules such as proteins, nucleic acids, plasmids, DNA, RNA, and their fragments. Affinity electrophoresis, capillary electrophoresis, gel electrophoresis, immune electrophoresis, electroblotting, pulsed-field gel electrophoresis, and isoelectric focusing are all examples of electrophoresis.
The pharmaceutical and biotechnology sectors must create novel medications or vaccinations to combat the novel virus. This has resulted in an increase in pharmaceutical developments, with electrophoresis playing an important role in these innovations.
Electrophoresis is increasingly being used in pharmaceutical development. For pharmaceutical analysis, researchers employ the electrophoresis technique. As a result of the increasing use of electrophoresis in novel medication development, the market researched is predicted to increase rapidly throughout the projection period.
However, one of the issues impeding market growth is the lengthy study time connected with this technique.
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The Electrophoresis Equipment and Supplies Market is expected to be worth USD 1.9 billion by 2022, growing at a 3.2% CAGR from 2017 to 2022. Global Market Absolute Dollar Growth is USD 1.3 billion.
The global electrophoresis equipment and supplies market is largely driven by the want for more recent and imaginative drugs and treatments, as well as the rising research ventures associated with proteins, characteristics, and specific bio-atoms around the world.
Furthermore, the market is expected to be driven by the growing ubiquity of electrophoresis gadgets as the innovation is being used widely all around for rising desire for improved gel imaging framework and new things. This is the primary driver of the worldwide electrophoresis equipment and supplies market.
Together with the proteomics investigation, numerous other parts of the investigation are expected to commence employing electrophoresis hardware, which is fuel the expansion of the global electrophoresis equipment and supplies market.
Furthermore, technological improvements are propelling the worldwide electrophoresis equipment and supplies market forward.
| Historical CAGR (2017 to 2022) | 3.2% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.9% |
As per the FMI analysts, a valuation of USD 6.30 billion by 2033 end is estimated for the market.
| Year | Market Value |
|---|---|
| 2016 | USD 1.40 billion |
| 2021 | USD 1.65 billion |
| 2022 | USD 1.9 billion |
| 2023 | USD 2.1 billion |
| 2033 | USD 3.4 billion |
Healthcare organisations are rapidly adopting devices, such as electrophoresis equipment and supplies, to conduct continuous R&D activities for the discovery of medicines and biological research.
A rapid increase in research activities at hospitals, research institutes and other areas is fuelling the demand for laboratory equipment’s such as electrophoresis equipment and supplies.
In addition, the applications of electrophoresis equipment and supplies in other areas, such as food safety and content identifications, is also significantly driving the global electrophoresis equipment and supplies market.
Hence, increase in the applications of electrophoresis equipment and supplies in biotechnology as well as the identification of chemical properties is contributing to the growth of electrophoresis equipment and supplies market.
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Electrophoresis equipment and supplies are used for the purification as well as separation of molecules, specifically protein and other complex molecules such as nucleic acids. Electrophoresis is the process of molecule separation from the samples.
This process is carried out in clinical and research laboratories using different types of electrophoresis equipment and supplies. Electrophoresis equipment and supplies are available primarily in two types: capillary electrophoresis and gel electrophoresis.
Both systems separate molecules according to charge and size, sometimes referred to as the electrophoretic mobility of a molecule. Capillary electrophoresis systems are preferred over other systems as it has the capability to detect millimolar to nano-molar binding interactions which are helpful in precise measurements.
These systems also offer benefits of drug discovery screening on various targets such as antibodies, nucleic acid complexes, structural proteins, membrane receptor domains and others.
The global electrophoresis equipment and supplies market is estimated to witness a single-digit CAGR in terms of value and volume, and hence, reach USD 2.8 Billion by 2027.
Moreover, there has been significant growth in research projects, which include research activities such as genomics, electrophoresis processes and other protein & DNA identification processes at the industrial level as well as at the individual level for patients and others.
Increase in these activities is resulting in an increase in the demand for electrophoresis equipment and supplies, which is driving the electrophoresis equipment and supplies market.
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On the basis of various types, the electrophoresis equipment and supplies market are segmented considering the categories in which electrophoresis equipment and supplies are available as well as their application areas.
Based on product type, the electrophoresis equipment and supplies market are segmented into gel electrophoresis, capillary electrophoresis and accessories. The revenue contribution from the capillary electrophoresis segment is expected to expand at a CAGR of 5.8% during the forecast period.
Capillary electrophoresis is widely preferred as it is more accurate and easier to operate, thus contributing to the growth of the electrophoresis equipment and supplies market.
Considering the applications of electrophoresis equipment and supplies, the market is segmented based on the analysis of haemoglobin, protein diagnosis and microbial detection.
The applications of electrophoresis equipment and supplies differ as per their areas of usage as well as functions. Increase in the number of diseases due to lifestyle issues and the complexities in finding out suitable medical solutions is one of the prime factors due to which the adoption of electrophoresis equipment and supplies is increasing rapidly.
The increasing applications of capillary electrophoresis in the process of microbial detection and separation is also boosting the demand for electrophoresis equipment and supplies. The microbial detection segment from the applications of electrophoresis equipment and supplies is expected to register a significant growth rate over forecast period.
On the basis of end use, the electrophoresis equipment and supplies market is segmented into hospitals & diagnostics centres, academic & research institutes, biotechnology & pharmaceutical companies and others.
Due to constant investments in conducting research for studying the biological properties and molecular identification, the demand from the academic & research institutes for electrophoresis equipment and supplies is expected to grow significantly.
In addition, biotechnology & pharmaceutical companies are focusing on modifying the properties of their products for which DNA-level studies are increasing rapidly, thus fuelling the demand for electrophoresis equipment and supplies market.
In the pharmaceutical and biotechnology sectors, capillary gel electrophoresis techniques are used to separate big molecules or macromolecules, such as DNA, RNA, and proteins, whose mass-to-charge ratios do not vary substantially with size.
In the electrophoresis equipment and supplies industry, pharmaceutical and biotechnology companies account for a sizable market share. It is expected to exhibit a similar trend over the forecast period due to the increasing use of electrophoresis in pharmaceutical formulation quality control by analysing the drug content of pharmaceutical formulations, identification, and study of DNA fragments, and testing of antibiotics and vaccines.
Electrophoretic assays of various sorts and formats are now included in certificates of analysis for batch testing of therapeutic proteins as a testing method. Electrophoresis can be used to analyse proteins such as cytokines, blood factors, hormones, monoclonal antibodies, and fusion proteins. Electrophoresis adoption is increasing as its importance grows, which helps to the segment's growth.
Continuous technological breakthroughs in the medical and healthcare sectors, rising need for novel cures and pharmaceuticals, and expanding research initiatives on genes, proteins, and biomolecules are the primary factors driving the pharmaceutical and biotechnology firm segment.
In life science, biotech labs, and the pharmaceutical sector, electrophoresis is the most utilised analysis and separation tool. It has traditionally been used to physically separate macromolecules like RNA, proteins, and other nucleic acid fragments based on their electric charge and molecular size.
The electrophoresis equipment and supplies market is divided into two parts: capillary electrophoresis equipment and gel electrophoresis equipment. Due to the assistance of genomics applications, gel electrophoresis equipment has dominated the global market. In the recent past, the category of gel electrophoresis equipment accounted for about half of the market share.
A paradigm shift from genomics to proteomics has been observed in the global electrophoresis equipment and supplies market, which has aided in the expansion of two-dimensional gel electrophoresis equipment.
The global electrophoresis equipment and supplies market may be divided into three segments based on application: haemoglobin analysis, microbiological detection, and protein diagnostics. Molecular profiling applications have grown in popularity in recent years, creating a steady demand for the electrophoresis technique.
Electrophoresis has two key applications: nucleic acid separation and protein separation. The haemoglobin analysis market dominated the electrophoresis equipment and supplies industry. Haemoglobin electrophoresis was identified as one of the most exact, accurate, and widely used DNA analysis techniques in the global market.
Capillary electrophoresis equipment is widely used in the examination of haemoglobin and is widely regarded as one of the most advanced equipment for the separation of nucleic acids on the global market.
| Country | USA |
|---|---|
| CAGR (2017 to 2022) | 2.9% |
| Valuation (2023 to 2033) | US$ 1.0 billion |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 2.0% |
| Valuation (2023 to 2033) | USD 148.2 million |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 2.5% |
| Valuation (2023 to 2033) | USD 245.0 million |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 1.5% |
| Valuation (2023 to 2033) | USD 200.3 million |
| Country | India |
|---|---|
| CAGR (2017 to 2022) | 1.2% |
| Valuation (2023 to 2033) | USD 117.8 million |
Because of growing demand from research and development projects involving proteins, genes, and associated biomolecules, stringent regulatory issues on pharmaceutical product quality control, and process validation processes in this region, North America is expected to hold a significant market share in the electrophoresis equipment and supplies market.
Rising investments and research and development spending in the United States help to drive the electrophoresis equipment market forward. With increased research and development spending in the United States, the market for electrophoresis equipment and supplies is likely to grow rapidly in the future years.
To correctly identify and quantify proteins, posttranslational modifications, and protein complexes expressed in cells and tissues, strong analytical approaches with high separation efficiency and sensitivity are required. Because of this demand in industrialised countries such as the United States, interest in capillary electrophoresis-mass spectrometry has grown significantly in recent years. With rising demand, the market under consideration is expected to expand rapidly over the forecast period.
The global electrophoresis equipment and supplies market is segmented into North America, Latin America, Europe, Japan, APEJ and MEA. In terms of revenue generation from the sale of electrophoresis equipment and supplies, the North America region dominates the global market due to dense presence of biotechnology & pharmaceutical giants.
The biotechnology & pharmaceutical companies in this region are highly focused on innovations and new drug discoveries due to which they are adopting electrophoresis equipment and supplies.
In addition, other factors such as predefined majors in terms of maintaining the composition of medicines as well as other pharmaceutical products by organisations in this region, is also resulting in an increase in the demand for equipment, such as electrophoresis equipment and supplies, in this region.
Europe is second largest market for electrophoresis equipment and supplies due to increasing research and development spending in this region.
Some of the key companies are as follows:
| Attribute | Details |
|---|---|
| Market Size Value In 2023 | USD 2.1 billion |
| Market Size Value in End of Forecast (2033) | USD 3.4 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Latin America; Europe; Japan; Asia Pacific Excluding Japan; Middle East and Africa |
| Key Segments | By Product Type, By End Use, By Application, By Region |
| Key Companies Profiled | Bio-Rad Laboratories; GE Healthcare; Danaher Corporation; Merck Millipore; QIAGEN N.V.; Thermo Fisher Scientific Inc.; Agilent Technologies; Lonza Group Ltd.; Hoefer Inc.; Lumex Instruments; PerkinElmer, Inc.; Sebia Group; Labnet International, Inc.; Shimadzu Corporation; Harvard Bioscience, Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The electrophoresis equipment and supplies market size is valued at USD 2.1 billion in 2023.
The electrophoresis equipment and supplies market is projected to thrive at a 4.9% CAGR through 2033.
The electrophoresis equipment and supplies market is predicted to surpass USD 4.9 billion by 2033.
The electrophoresis equipment and supplies market developed at a 3.2% CAGR from 2018 to 2022.
The United States’ electrophoresis equipment and supplies market is predicted to be worth USD 1 billion by 2033 end.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Gel Electrophoresis Systems 5.2. Capillary Electrophoresis Systems 5.3. Accessories 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Hospital & Diagnostics Centres 6.2. Academic & Research Institutes 6.3. Pharmaceuticals & Biotechnology Companies 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 7.1. Protein Diagnostics 7.2. Hemoglobin Analysis 7.3. Microbial Detection 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific Excluding Japan 8.5. Japan 8.6. Middle East and Africa 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Bio-Rad Laboratories 17.2. GE Healthcare 17.3. Danaher Corporation 17.4. Merck Millipore 17.5. Qiagen N.V. 17.6. Thermo Fisher Scientific Inc. 17.7. Agilent Technologies 17.8. Lonza Group Ltd. 17.9. Hoefer Inc. 17.10. Lumex Instruments 17.11. PerkinElmer, Inc. 17.12. Sebia Group 17.13. Labnet International, Inc. 17.14. Shimadzu Corporation 17.15. Harvard Bioscience, Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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Electrophoresis Equipment and Supplies Market
