Shift From Plant-Derived to Genome-Based Drug Discovery - the Future of Global Electrophoresis Reagents Market
Substantial growth was observed in the global electrophoresis reagents market in the last decade, majorly due to an expected increase in the global burden of infectious diseases, genetic disorders, & cancer; significant investments by governments in genomics and proteomics; technological advancements; and rapid increase in geriatric population in developed countries.
The electrophoresis reagents market is segmented based on products, end users, techniques, applications, and regions. Based on products, the market is segmented into gels, dyes, buffers, and other electrophoresis reagents.
On the basis of product, the gels segment accounted for the largest share in 2015, owing to the increasing application of gels in protein analysis and DNA & RNA analysis.
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Based on application, the electrophoresis reagents market is categorized into protein analysis and DNA & RNA analysis. In 2015, the protein analysis segment accounted for the largest share of this market. The growth in this segment is primarily driven by the rising focus on proteomics research by pharmaceutical and biotechnology companies.
Based on end user, the global electrophoresis reagents market is divided into academic & research institutes, pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, and others. Academic & research institutes form the largest end-user segment in 2015. The large share of this segment is mainly due to factors, such as rising R&D expenditure, large investments in emerging markets sucha as China and India, and wide application of electrophoresis reagents in academic and research institutions.
In 2014, the electrophoresis gels segment accounted for the largest share of the electrophoresis reagents market. However, the electrophoresis dyes segment is expected to be the fastest-growing segment in this market during the forecast period of 2015-2020. The high growth in this segment can be attributed to increasing investments and efforts by market players to find safer and highly sensitive alternative dyes for electrophoresis analysis.
The electrophoresis reagents market in the Asia-Pacific region is expected to offer significant growth opportunities for market players during the forecast period. The high growth in this regional segment is majorly attributed to the rapidly improving healthcare infrastructure, rising per capita income, increasing funding for genomics and proteomics research, rising demand for cutting-edge technologies, and low labor costs in emerging APAC countries.
The prominent players in the electrophoresis reagents market include Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Lonza Group (Switzerland), QIAGEN N.V. (Netherlands), and Merck Millipore (U.S.), among others.
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