Growth Trajectory Of The Electrophoresis Reagents Market 2023-2032
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
The worldwide electrophoresis reagents market is projected to increase from $1.18 billion in 2022 to $1.25 billion in 2023, with a 5.9% CAGR. By 2027, the market size is expected to reach $1.57 billion, experiencing a 5.8% CAGR.
North America was the largest region in the electrophoresis reagents market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Electrophoresis Reagents Market Driver
The electrophoresis reagent market is set to grow due to the rapidly increasing geriatric population. Geriatric population refers to those aged 60 and above in the total population. Hemoglobin electrophoresis, used for anemia, sickle cell disease, and haemoglobin disorders diagnosis, is common. For example, in 2020, data from the Organization for Economic Co-operation and Development, a France-based organization with 38 member countries, revealed the global geriatric population increased from 9.11% to 9.33% from 2019. Hence, the expanding geriatric population fuels electrophoresis reagent market growth.
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Prominent Electrophoresis Reagents Market Trend
Technological advancements are a growing trend in the electrophoresis reagents market. Leading companies in the electrophoresis sector are embracing new technologies for market competitiveness. In September 2020, US-based miniPCR bio, a life sciences company, introduced the GELATO electrophoresis system for rapid DNA analysis. This innovative system integrates gel electrophoresis and transillumination technology into a compact design for nucleic acid separation and visualization.
Electrophoresis Reagents Market Prominent Players
Major players in the electrophoresis reagents market are Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Bio-Rad Laboratories Inc., Agilent Technologies Inc., Lonza Group, Takara Bio Inc., Sebia Group, Merck KGaA, BioAtlas OU, Cytiva, Promega Corporation, Helena Laboratories Corporation, Randox Laboratories Limited, and Apacor Limited.
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Key Electrophoresis Reagents Market Segments
The global electrophoresis reagents market is segmented –
1) By Product: Gels (Polyacrylamide, Starch, and Agarose), Buffers (TAE Buffer, TBE Buffer, and Other Buffers), Dyes (ETBR, SYBR, Bromophenol Blue, and Others), and Other Reagents
2) By Technique: Capillary Electrophoresis, Gel Electrophoresis
3) By Application: DNA and RNA Analysis, Protein Analysis
4) By End-User: Pharmaceutical and Biotechnology Companies, Hospitals and Diagnostic Laboratories, Academic and Research Institutions, Others End Users
The Electrophoresis Reagents Global Market Report 2023 provides a comprehensive overview on the electrophoresis reagents market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the electrophoresis reagents 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.
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