Market Size of Electrophoresis Equipment and Supplies Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Electrophoresis Equipment & Supplies Market Analysis
The electrophoresis equipment and supplies market is expected to register a CAGR of 4.9% during the forecast period.
The COVID-19 pandemic had a significant positive impact on the electrophoresis equipment and supplies market. This is majorly due to the application of electrophoresis in diagnosing COVID-19. To increase COVID-19 testing capacities, a new method for SARS-CoV-2 detection was developed. The method includes using a two steps end point RT-PCR protocol, where conventional nonreal-time thermal cycler, the set of primers targets included on the CDC RT-qPCR protocol, and agarose gel electrophoresis are used. With the help of this new method, the diagnosis of COVID-19 was widely made across developed countries, such as the United States and European countries. This factor contributed significantly to market growth during the pandemic.
The electrophoresis technique is mainly used to separate and analyze large molecules, such as proteins, nucleic acids, plasmids, DNA, RNA, and fragments of these macromolecules. Electrophoresis comprises several related analytical techniques, such as affinity electrophoresis, capillary electrophoresis, gel electrophoresis, immune electrophoresis, electroblotting, pulsed-field gel electrophoresis, and isoelectric focusing.
The demand for healthcare innovations has been increasing worldwide. COVID-19 forced the pharmaceutical and biotechnology industries to develop innovative drugs or vaccines that can cope with the novel virus. This led to increasing innovations in the field of pharmaceuticals, and electrophoresis plays a crucial role in these innovations. For instance, the PubMed data published in July 2021 suggests that the application of electrophoresis is on the rise in pharmaceutical development. Researchers use the electrophoresis technique for pharmaceutical analysis. Hence, with the rising use of electrophoresis in new drug development, the market studied is expected to witness strong growth over the forecast period.
However, the long analysis time associated with this technique is one of the factors hindering the market growth.
Electrophoresis Equipment & Supplies Industry Segmentation
Electrophoresis is a technique used to separate molecules based on charge, size, and binding affinity. This technique is mainly used to separate and analyze large molecules, such as proteins, nucleic acids, plasmids, DNA, RNA, plasmids, and fragments of these macromolecules. The electrophoresis equipment and supplies market is segmented by product type (gel electrophoresis systems, capillary electrophoresis systems, electrophoresis accessories), application (academic and research institutes, hospitals and diagnostics centers, pharmaceutical and biotechnology companies, other applications), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America). The report also covers the estimated market sizes and trends for 17 countries across major regions. The report offers market size and forecast values in USD million for the above segments.
| By Product Type | |
| Gel Electrophoresis Systems | |
| Capillary Electrophoresis Systems | |
| Electrophoresis Accessories |
| By Application | |
| Academic and Research Institutes | |
| Hospitals and Diagnostics Centres | |
| Pharmaceutical and Biotechnology Companies | |
| Other Applications |
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Electrophoresis Equipment and Supplies Market Size Summary
The electrophoresis equipment and supplies market is poised for steady growth, driven by its critical role in separating and analyzing large molecules such as proteins and nucleic acids. The market experienced a notable boost during the COVID-19 pandemic, as electrophoresis techniques were integral to developing new diagnostic methods for SARS-CoV-2 detection. This surge in demand highlighted the importance of electrophoresis in healthcare innovations, particularly in the pharmaceutical and biotechnology sectors, where it is increasingly used for drug development and quality control. Despite the long analysis times associated with some electrophoresis techniques, the market is expected to expand due to ongoing technological advancements and the rising need for innovative therapies.
North America is anticipated to maintain a significant share of the market, supported by robust research and development activities and stringent regulatory requirements in the region. The United States, in particular, has seen increased investments in life sciences research, further propelling market growth. The market is characterized by a fragmented landscape with several key players, including Bio-Rad Laboratories, GE Healthcare, and Thermo Fisher Scientific, among others. These companies continue to innovate, as evidenced by recent product launches aimed at enhancing electrophoresis capabilities. As demand for high-resolution and sensitive analytical methods grows, the electrophoresis equipment and supplies market is expected to witness sustained expansion over the forecast period.
Electrophoresis Equipment and Supplies Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Demand for Innovative Therapies and Drugs
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1.2.2 Increasing Research Activities on Genes, Proteins, and Certain Biomolecules
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1.3 Market Restraints
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1.3.1 Time-consuming Technique
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Gel Electrophoresis Systems
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2.1.2 Capillary Electrophoresis Systems
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2.1.3 Electrophoresis Accessories
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2.2 By Application
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2.2.1 Academic and Research Institutes
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2.2.2 Hospitals and Diagnostics Centres
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2.2.3 Pharmaceutical and Biotechnology Companies
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Electrophoresis Equipment and Supplies Market Size FAQs
What is the current Electrophoresis Equipment and Supplies Market size?
The Electrophoresis Equipment and Supplies Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Electrophoresis Equipment and Supplies Market?
Bio-Rad Laboratories, Inc, GE Healthcare, Thermo Fisher Scientific Inc, Agilent Technologies, Inc and Merck & Co Inc are the major companies operating in the Electrophoresis Equipment and Supplies Market.
