Vaibhav Mondhe

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Electrophoresis Equipment and Supplies Market to Reach USD 1.925B

Electrophoresis Equipment and Supplies Market

Development of niche electrophoresis equipment and accessories that can combine automation, ease of miniaturization and capability for on-line detection with efficiency and resolution in order to enhance the technology of separation and analysis of bio-molecules is expected to boost the market over the next few years.

Browse full report with TOC: http://www.transparencymarketresearch.com/electrophoresis-equipment-supplies.html

A new report by Transparency Market Research, a U.S.-based research firm, forecasts that at an estimated growth rate of 4.8%, the global market for this field will reach $1,925.2 million by the year 2019. A substantial rise in research activities in the fields of genomics, proteomics, biotechnology and pharmacy is projected as the primary reason behind the rise in demand for electrophoresis equipment and accessories market.

According to data collected in the year 2012, the market leaders of electrophoresis equipment and accessories market were the US, enjoying a market share of 39.96%, followed by Europe (29.45%), Asia-Pacific (19.02%) and RoW (11.57%). However, as the report suggests, growth is expected to stem from the Asia-Pacific region owing to the overall development in the healthcare and research facilities in the past few years.

One of the major trends that motivated growth in this industry is the increase in mergers and acquisitions by leading vendors. These mergers and acquisitions prevented loss of patents, helped vendors in achieving bigger economies and increasing their global presence. An instance of this can be seen in the 2011 acquisition of Beckman Coulter, which had a wide portfolio of laboratory instruments, by Danaher Corp.

Technological innovations in various fields have proved to be the major impetus for growth in the electrophoresis equipment and supplies market. The same reason is estimated to propel further growth too.  The main challenge, however, will come from the highly fragmented nature of the market, presence of large number of vendors and the resulting intense competition.

Of the two major product segments in this field, gel electrophoresis equipment currently have a major market share and the demand is further rising owing to a substantial growth in genomics applications. The highest paying and fastest growing segment of gel electrophoresis is estimated to be of two-dimensional gel electrophoresis equipment, which has widespread applications in proteomics research. The other major product segment of the field, capillary electrophoresis equipment is also performing well and is the most preferred choice of research institutes.

The market of protein diagnostics, one of the major applications of electrophoresis, is expected to grow at a highest CAGR of 5.3% from 2013 to 2019. A significant rise in the proteomics research, again, is cited as the probable reason for the growth.

The key vendors operating in this market include Agilent Technologies Inc., GE Healthcare Ltd., Helena Laboratories Corp., PerkinElmer Inc., Bio-Rad Laboratories Inc., Hoefer Inc., C.B.S Scientific Inc., Life Technologies Corp., Sebia S.A., Lonza Group AG, Thermo Fisher Scientific Inc., and SERVA Electrophoresis GmbH, among others.

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Vaibhav Mondhe works for Transparency Market Research (TMR). TMR is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.