The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Electrophoresis Global Market Report 2023, the electrophoresis market is expected to show significant growth in the forecast period.

Key insights from the electrophoresis market forecast include:

1. Market Size

The worldwide electrophoresis market is projected to increase from $2.77 billion in 2022 to $2.93 billion in 2023, with a 5.9% CAGR. By 2027, the market size is anticipated to reach $3.68 billion, experiencing a 5.8% CAGR.

2. Major Driver

The electrophoresis market is set to grow due to an increase in cancer, infectious diseases, and genetic disorders. Infectious diseases with pandemic potential, like plague, cholera, flu, and severe acute respiratory syndrome, continue to emerge and spread. Additionally, cancer, influenced by factors such as diabetes and heart disease, necessitates electrophoresis for DNA, RNA, or protein molecule separation to determine antibiotic concentration, enhancing dosage accuracy. For example, a September 2020 report by the National Cancer Institute and the US National Cancer Program revealed 1,806,590 new cancer cases in the United States, with 606,520 cancer-related deaths. Moreover, according to Worldometer, a US-based reference website, the global death toll from COVID-19 in 2020 was estimated at 6,377,327. Hence, the increasing incidence of cancer and infectious diseases will propel the electrophoresis market’s growth.

View More On The Electrophoresis Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electrophoresis-global-market-report

3. Key Trend

Technological innovations are a prominent trend in the electrophoresis market. Leading companies in this sector are embracing new technology to maintain their market standing. For example, in September 2020, a US-based life sciences company, miniPCR bio, introduced the GELATO electrophoresis system, which combines gel electrophoresis with transillumination technology for rapid DNA analysis, all in a compact design.

4. Largest Region

North America was the largest region in the electrophoresis market in 2022.

5. Major Players

Major players in the food diagnostics market are Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., GE Healthcare, Merck Group, PerkinElmer Inc., Qiagen NV, Lonza Group Limited, Shimadzu Corporation, Harvard Bioscience Inc., C.B.S. Scientific Company Inc., Takara Bio Inc., Sebia Group, and Sigma-Aldrich Corporation.

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Key Electrophoresis Market Segments
The global electrophoresis market is segmented –
1) By Product: Electrophoresis Reagents, Electrophoresis Systems, Gel Documentation Systems, Electrophoresis Software
2) By Application: Research, Diagnostics, Quality Control, and Process Validation
3) By End User: Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, Hospitals, Other End Users

The Electrophoresis Global Market Report 2023  provides an in-depth analysis on the electrophoresis market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the electrophoresis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Electrophoresis Reagents Market Report 2023
Molecular Diagnostics Devices And Equipment Global Market Report 2023
Proteomics Global Market Report 2023

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