Electrophoresis Market by Product (Reagents (Protein & Nucleic Acid), (Gel Electrophoresis (1D & 2D), Capillary Electrophoresis (CZE, CGE), GDS, Software), Application (Research, Diagnostics), End User (Hospitals) & Region - Global Forecast to 2028
The global Electrophoresis Market size in terms of revenue was USD 3.1 Billion in 2023 and is projected to reach USD 4.1 Billion by 2028, expanding at a CAGR of 5.7% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The growth in this market is attributed to the the growing industry-academia research collaboations, and increasing number of clinical, forensic and research labs screening will drive the growth of the market. On the other hand, safety concerns associated with electrophoresis reagents may challenge the growth of market. Whereas, increasing demand for personalized medicines to provide growth opportunities for market.
Attractive Opportunities in the Electrophoresis Market
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Global Electrophoresis Dynamics
DRIVER: Growing industry-academia research collaborations
Electrophoresis is used in proteomic and genomic research in academic and research institutes. It is also used in the diagnosis of diseases and the quality control of drugs in pharmaceutical and biotechnology companies. Due to the widespread applications of electrophoresis, market players are collaborating with various academic institutions to increase awareness about new analytical technologies among students and researchers. For instance, In August 2022, SciGenom Labs, a genomics company in India and the US, announced a unique Ph.D. program to support research in genomics, proteomics, microbiome disciplines, and bio-nanotech in collaboration with CHARUSAT University. Numerous collaborative research projects and similar initiatives have already been launched, and several others are expected to be initiated during the forecast period. Several companies are also helping university researchers by providing technical and financial assistance to commercialize university research projects. Such developments are expected to positively impact the growth of the market during the forecast period.
OPPORTUNITY: Increasing demand for personalized medicines
Personalized medicine, which has become a core area of research in the healthcare industry, has entered mainstream clinical practice and is changing how many diseases are identified, classified, and treated. These advancements are particularly evident in the area of oncology. This growing demand for personalized medicine is expected to increase the uptake of electrophoretic systems in the drug development process. For instance:
- In October 2021, 4baseCare (India), a precision oncology company, collaborated with Cellworks Group, Inc. (US), a leading company in personalized medicine for oncology and immunology. The collaboration aimed to deliver greater insights to the oncology fraternity, predict patient therapy responses and enable therapy selection resulting in optimal treatment outcomes.
- In October 2021, 11 multidisciplinary projects in Israel, including research on cancers, Crohn’s, and rare diseases, received NIS 32 million (USD 9.9 million) in grants from Israel Precision Medicine Partnership to help accelerate the pace of discovery and the potential for implementing new therapeutic approaches and position Israel at the forefront of global precision medicine research
CHALLENGE: Need for high procedural efficiency to ensure accurate results
Electrophoresis requires a complex combination of analytical knowledge, extensive manual handling, dexterity, and strict protocol adherence to achieve reliable results. Furthermore, the gel concentration must be accurate to avoid errors; if too high or too low, the fragments will migrate too slowly or quickly, leading to errors in resolving the different bands. Care must be taken during the electrophoresis run to ensure the voltage is steady. Any fluctuations in the voltage will result in the unsteady migration of DNA fragments, leading to errors in reading the bands. The buffer solution must also be of the correct composition, as a buffer with the wrong pH or ionic concentration will change the DNA fragment shape and migration times.
Electrophoresis Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of electrophoresis systems, reagent, gel documentation systems and software. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories (US), Merck Group (Germany), Agilent Technologies (US), and Danaher Corporation (US).
In 2022, software segment to observe highest growth rate of the electrophoresis industry, by product
Based on the products, the global electrophoresis market is broadly segmented into electrophoresis reagents, electrophoresis systems, gel documentation systems, and software. Software segment to observe highest growth rate during the forecast period. The high growth rate can be attributed to the simple and user-friendly workflow to guide users through each step of the analysis, allowing effortless identification of significantly changing proteins.
In 2022, academic & research institutes segment to dominate the electrophoresis industry, by end user
Based on end user, the electrophoresis market is segmented into academic & research institutes, hospitals & diagnostic centers, pharmaceutical & biotechnology companies, and other end users. Academic & research institutes to dominate the market due to increasing research being conducted in the fields of drug designing, proteomics, genomics, sequencing, biomarker discovery, and personalized medicine.
In 2022, North America to dominate in electrophoresis industry
The global electrophoresis market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is expected to dominate during the forecast period, primarily due to government initiatives to promote research, the increasing need to combat cancer, as well as growing public-private partnerships to promote research in areas of genomics and proteomics.
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The electrophoresis market is dominated by players such Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories (US), Merck Group (Germany), Agilent Technologies (US), and Danaher Corporation (US).
Scope of the Electrophoresis Industry:
Report Metric |
Details |
Market Size Available for Years |
2021–2028 |
Base Year Considered |
2022 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD) |
Segments Covered |
Product, Application and End user |
Geographies Covered |
North America, Europe, Asia Pacific, Latin |
Companies Covered |
Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), and Agilent Technologies, Inc. (US), PerkinElmer Inc. Inc. (US), QIAGEN N.V. (Netherlands), Lonza (Switzerland), Shimadzu Corporation (Japan), HOEFER INC.(US), Sebia Group (UK), Takara Bio Inc.(US), C.B.S. Scientific (US), 4Basebio PLC. (Germany), Helena Laboratories Corporation (US), Syngene (UK), VWR International (US), TBG Diagnostics Ltd. (Australia), Analytik Jena GMBH (Germany), Oprl Biosciences PVT.LTD. (India), Kaneka Eurogentec S.A. (Germany), Cleaver Scientific Ltd. (UK), Major Science Co., Ltd. (Taiwan), Bio World (India), National Analytical Corporation (India) and AES life sciences (Canada) |
This research report categorizes the Electrophoresis market to forecast revenue and analyze trends in each of the following submarkets:
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
By Product
- Electrophoresis Reagents
- Electrophoresis Systems
- Gel Documentation Systems
- Electrophoresis Software
By Application
- Research Applications
- Diagnostics Applications
- Quality Control & Process Validation
By End User
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Hospitals & Diagnostic Centers
- Other End Users
Recent Developments of Electrophoresis Industry:
- In 2023, Advanced Electrophoresis Solutions Ltd (Canada) signed Medispec (India) as an exclusive distributor partner in India. This will allow AES’ critical solutions to reach many companies located in India.
- In 2022, Thermo Fisher Scientific (US) introduced a new Applied Biosystems SeqStudio Flex Series Genetic Analyzer to enable customers’ cutting-edge research in areas such as gene editing and infectious disease.
- In 2020, Danaher Corporation (US) acquired GE Healthcare Life Sciences (US) and rebranded it as Cytiva. This company will be a $3.3-billion global life sciences company with nearly 7000 employees in 40 countries.
Frequently Asked Questions (FAQ):
What is the projected market value of the global electrophoresis market?
The global market of electrophoresis is projected to reach USD 4.1 billion.
What is the estimated growth rate (CAGR) of the global electrophoresis market for the next five years?
The global electrophoresis market in terms of revenue was estimated to be worth $3.1 billion in 2023 and is poised to grow at a CAGR of 5.7%.
What are the major revenue pockets in the electrophoresis market currently?
The global market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is expected to dominate during the forecast period, primarily due to government initiatives to promote research, the increasing need to combat cancer, as well as growing public-private partnerships to promote research in areas of genomics and proteomics.
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The objective of the study is analyze the key market dynamics such as drivers, opportunities, challenges, restraints, and key player strategies. To track companies developments such as acquisitions, product launches, expansions, collaborations, agreements and partnerships of the leading players, the competitive landscape of the electrophoresis market to analyzes market players on various parameters within the broad categories of business and product strategy. Top-down and bottom-up approaches were use to estimate the market size. To estimate the market size of segments and subsegments the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are
Collecting Secondary Data
The secondary research data collection process involves the usage of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B), annual reports, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the electrophoresis market. A database of the key industry leaders was also prepared using secondary research.
Collecting Primary Data
The primary research data was conducted after acquiring knowledge about the electrophoresis market scenario through secondary research. A significant number of primary interviews were conducted with stakeholders from both the demand side (such clinical laboratories, hospitals, and academic & research institutes) and supply-side (such as included various industry experts, such as Directors, Chief X Officers (CXOs), Vice Presidents (VPs) from business development, marketing and product development teams, product manufacturers, wholesalers, channel partners, and distributors) across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Approximately 40% of the primary interviews were conducted with stakeholders from the demand side while those from the supply side accounted for the remaining 60%. Primary data for this report was collected through questionnaires, emails, and telephonic interviews.
A breakdown of the primary respondents is provided below:
Breakdown of Primary Participants:
Note 1: *Others include sales managers, marketing managers, and product managers.
Note 2: Tiers are defined based on a company’s total revenue as of 2022: Tier 1=> USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3=< USD 500 million
To know about the assumptions considered for the study, download the pdf brochure
COMPANY NAME |
DESIGNATION |
Thermo Fisher Scientific Inc. |
General Manager |
Bio-Rad Laboratories Inc. |
Senior Product Manager |
Danaher Corporation |
Regional Manager |
Agilent Technologies Inc. |
General Manager of Sales |
Market Size Estimation
All major product manufacturers offering various electrophoresis were identified at the global/regional level. Revenue mapping was done for the major players and was extrapolated to arrive at the global market value of each type of segment. The market value electrophoresis market was also split into various segments and subsegments at the region and country level based on:
- Product mapping of various manufacturers for each type of electrophoresis market at the regional and country-level
- Relative adoption pattern of each electrophoresis market among key application segments at the regional and/or country-level
- Detailed primary research to gather qualitative and quantitative information related to segments and subsegments at the regional and/or country-level.
- Detailed secondary research to gauge the prevailing market trends at the regional and/or country-level
Global Electrophoresis Market Size: Botton Up Approach
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Global Electrophoresis market Size: Top Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Electrophoresis industry.
Market Definition
Electrophoresis is an analytical method used for the separation and characterization of proteins and nucleic acids for genomic and proteomic research. With the growing demand for next-generation sequencing, personalized medicine, and structure-based drug design, electrophoresis techniques have become an integral part of life sciences research. Electrophoresis systems are frequently used in diagnostics, antibody analysis, drug quality control, vaccine analysis, and DNA sequencing.
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Report Objectives
- To provide detailed information about the factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To define, describe, segment, and forecast the electrophoresis market by product, application, end user, and region
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall electrophoresis market
- To forecast the size of the electrophoresis market in five main regions along with their respective key countries, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile key players in the electrophoresis market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments, such as acquisitions; product launches; expansions; collaborations, agreements, & partnerships; and R&D activities of the leading players in the electrophoresis market
- To benchmark players within the electrophoresis market using the Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
Additional country-level analysis of the Electrophoresis market
Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the Electrophoresis Market
Growth opportunities and latent adjacency in Electrophoresis Market