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Asian Region to Offer Significant Growth Opportunities for the Western Blotting Market in the Coming Years
The global western blotting market is witnessing a moderate growth and will continue to do so over the next five years. Factors such as the global increase in the life sciences R&D spending, development of automated western blotting systems, and rising prevalence of HIV contribute to the growth of the western blotting market. In the forecast period, the Asian region is projected to grow at the highest CAGR, with the growth in this region centered at India and China. Furthermore, countries such as Brazil, Australia, and South Africa also possess a reasonable projected growth.
In the Asian region, China and India are the leaders in the western blotting market. Extensive research in the field of crop science and the growing pharmaceutical and biotechnology industry in India and China are the prime factors to boost the Asian western blotting market. In addition, rise in the incidences of HIV infection in the Asian nations is likely to propel the market.
The U.S. and European markets witness increased funding for researches that use western blotting. In the U.S., the National Institutes of Health (NIH) provided a funding of $39 million to the University of Georgia to develop technologies such as virus and contaminant detection and cost-efficient DNA analysis. In Europe, the increasing investments in R&D by pharmaceutical giants and the rising incidences of Lyme disease is attributed for the growth of western blotting in Europe. The markets in Brazil and Australia are expected to witness growth as well. This growth can be attributed to the use of western blotting in the pharmaceutical and biotechnology industry and the extensive research on proteomics of the respective countries. Furthermore, the high prevalence of HIV infection in South Africa is likely to boost the market for western blotting in the region.
Western Blotting Market by Product (Instruments (Manual/Semi-automated/Automated), Consumables (Kits/Reagents/Membrane), by Application (Disease Diagnosis/Agriculture/Biomedical Research) - End-User Analysis & Global Forecast to 2018
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