Electrophoresis Equipment Market Size, Share, Price Forecast 2024-2032

IMARC Group, a leading market research company, has recently releases report titled , “Electrophoresis Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the electrophoresis equipment market price. The global market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

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Factors Affecting the Growth of the Electrophoresis Equipment Industry:

 

Technological Advancements in Electrophoresis Equipment:

Innovations, such as microfluidic electrophoresis, capillary electrophoresis, and automated systems are enhancing the efficiency, accuracy, and throughput of deoxyribonucleic acid (DNA), ribonucleic acid (RNA), and protein analysis. These advancements offer high-resolution separation capabilities, reduced analysis time, and minimal sample requirements, catering to the growing demand for fast and reliable analytical methods in research, diagnostics, and quality control. The integration of advanced detection methods, such as laser-induced fluorescence, is further improving sensitivity and specificity. As laboratories and research institutions seek more sophisticated, user-friendly, and efficient analytical solutions, the demand for innovative electrophoresis equipment Is rising.

 

Increasing Prevalence of Genetic Disorders and Infectious Diseases:

The global increase in genetic disorders, infectious diseases, and personalized medicine is supporting the market growth. Electrophoresis is a cornerstone technique in molecular biology, used extensively for DNA, RNA, and protein analysis, crucial in diagnosing various genetic and infectious diseases. With the rising incidence of conditions such as cancer and hemophilia, there is an increase in the need for rapid, accurate, and high-throughput diagnostic methods. The capability of electrophoresis equipment to facilitate complex biomolecular analyses supports advancements in genomics and proteomics, aiding in the early detection, monitoring, and therapeutic evaluation of diseases.

 

Expansion of Biotechnology and Pharmaceutical Industries:

The biotechnology and pharmaceutical sectors depend on electrophoresis for various applications, including drug discovery, quality control, and protein purification. The growing investment in research activities, coupled with the increasing emergence of biotech and pharma companies, is driving the demand for advanced electrophoresis equipment. The need for high-quality standards in pharmaceutical products and the rising emphasis on therapeutic proteins and personalized medicine necessitate the adoption of sophisticated analytical techniques. Electrophoresis plays a vital role in the development and manufacturing of biopharmaceuticals, underpinning the production of vaccines, enzymes, and monoclonal antibodies.

Leading Companies Operating in the Global Electrophoresis Equipment Industry:

 

Agilent Technologies Inc.,

 

Bio-Rad Laboratories Inc.

 

Cleaver Scientific Ltd.

 

Edvotek Inc.

 

Flinn Scientific Inc.

 

Hoefer Inc. (Harvard Bioscience Inc.)

 

Lonza Group AG

 

Lumex Instruments

 

Merck KGaA

 

Nova-Tech International Inc.

 

PerkinElmer Inc.

 

Qiagen N.V.

 

SERVA Electrophoresis GmbH

 

Thermo Fisher Scientific Inc.

Electrophoresis Equipment Market Report Segmentation:

By Product Type:

 

Gel Electrophoresis Systems

 

Capillary Electrophoresis Systems

 

Electrophoresis Accessories

Gel electrophoresis systems represent the largest segment as they are renowned for their ability to separate nucleic acids and proteins with high resolution.

By Type:

 

Vertical Electrophoresis

 

Horizontal Electrophoresis

Vertical electrophoresis accounts for the majority of the market share due to its enhanced resolution and separation efficiency.

By End User:

 

Hospitals and Diagnostics Centers

 

Academic and Research Institutes

 

Pharmaceutical and Biotechnology Companies

 

Others

Pharmaceutical and biotechnology companies hold the biggest market share owing to the rising utilization of electrophoresis equipment for the production of various medical products.

Regional Insights:

 

North America (United States, Canada)

 

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

 

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

 

Latin America (Brazil, Mexico, Others)

 

Middle East and Africa

North America's dominance in the electrophoresis equipment market is attributed to the rising popularity of microfluidic electrophoresis platforms.

Global Electrophoresis Equipment Market Trends:

Stringent regulatory requirements and the need for stringent quality control in the pharmaceutical, biotechnology, and food industries are driving the demand for electrophoresis equipment. Regulatory authorities worldwide mandate rigorous quality checks and genetic testing to ensure product safety, efficacy, and compliance with international standards. Electrophoresis is instrumental in the analysis of raw materials, intermediates, and finished products, playing a crucial role in confirming molecular integrity, purity, and consistency. This analytical technique is pivotal in meeting the regulatory standards set by bodies, especially in the approval process of therapeutic drugs and genetically modified organisms (GMOs).

Other Key Points Covered in the Report:

 

Porters Five Forces Analysis

 

Value Chain Analysis

 

Strategic Recommendations

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