The Global Electrophoresis Market Analysis| Coherent Market Insights

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2. ELECTROPHORESIS MARKET ANALYSIS Electrophoresis Market,byProduct (Systems, Reagents, Software, and Others), by Application (Diagnosis, Pharmaceutical & Biotechnology Research, and Others), by End Use (Pharmaceutical & Biotechnology Companies, Academic Research Institutes, Diagnostic Laboratories, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

3. The global electrophoresis market was valued at US$ 2,263.3 million in 2017, and is expected to witness a CAGR of 5.7% over the forecast period (2018 – 2026). Drivers • According to the Pharmaceutical Research and Manufacturers of America (PhRMA) 2018 report, biopharmaceutical companies based in the U.S. invested around US$ 90 billion in R&D in 2016. Electrophoresis has application in various fields ranging from healthcare to forensic science. For instance, hemoglobin electrophoresis tests blood samples and determines blood disorders such as sickle cell anemia.

4. Various complex biological molecules such as antibiotics, vitamins B12, and proteins can be separated efficiently by electrophoresis due to charge difference among the mixtures. Electrophoresis is also used in preparation of antibiotic medicines and testing drugs for resistance to pathogens. The technique is used in the purification and analysis of different types of vaccines such as Hepatitis and influenza. • Gel electrophoresis technique is used in DNA fingerprinting to identify large molecules. Capillary electrophoresis is suitable for use in genetic analysis, pharmaceuticals with enantiomers, counter-ion analysis in drug discovery, and protein characterization. Electrophoresis reaction is also used by the International Olympic Committee to conduct drug tests among players. These tests help to detect illegal supplements ingested by athletes for enhancing their performance

5. Global Electrophoresis Market Share (%) Analysis, By Product, 2017

6. Market Restraints • Despite technological advancements in process, there is still a basic need for an external power supply to operate the electrophoresis. This is a bottle neck for the usage of any electrophoresis system since the usage of electrophoresis is limited to a room with an external power supply. • Other disadvantages of the currently available electrophoresis systems and techniques include the effect of contaminations such as selenium and vanadium that can compromise gel results, especially if the process is being left to run for a long period of time. Moreover, a lot of care needs to be taken in handling capillary electrophoresis, such as gas flow rates and capillary position, as differences in the settings can generate different results for the same experiment.

7. Regional Insights On the basis of region, the global electrophoresis market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America electrophoresis market is expected to foresee major revenue share, owing to increasing focus of major industry players on research involving proteins and genes. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct more than 50% of the world's R&D in pharmaceuticals and hold the intellectual property rights on most new medicines. In 2017, the U.S. FDA approved 56 new medicines including first cell and gene therapies and first treatment for sickle cell disease.

8. Asia Pacific electrophoresis market is expected to grow at a significant CAGR owing to rising public and private investments in R&D. Moreover, rapidly growing pharmaceutical industries in the emerging economies are expected to attract investments from private firms to establish technologically advanced laboratories in the regions. According to the Foreign Direct Investment Policy of India, in India, bio-incubation space of 175,000 sq. ft. has been planned with the target to support 50 world class bio-incubators by 2020. According to the India Brand Equity Foundation (IBEF) 2017 report, the Indian government is projected to invest US$ 3.7 billion on biotechnology in 12th Five-Year Plan.

9. Global Electrophoresis Market Value (US$ Mn) & Y-o-Y Growth (%)

10. Competitive Section Key players operating in the global electrophoresis market include Agilent Technologies, Bio-Rad Laboratories, C.B.S. Scientific Company, Inc., Danaher Corporation, GE Healthcare, Harvard Bioscience, Inc., Hoefer Inc., Lonza Group Ltd., Merck Millipore, PerkinElmer, Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., and Qiagen N.V.

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