Electrophoresis Market

Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), and Danaher Corporation (US) are the Leading Players in the Electrophoresis Market

The electrophoresis market is projected to reach USD 3.6 billion by 2025 from USD 2.7 billion in 2020, at a CAGR of 6.0% during the forecast period. Factors such as the rising incidence of cancer, infectious diseases, and genetic disorders; growth in funding for research on genomic, proteomic, and electrophoresis techniques; the growing number of industry-academia research collaborations; growing use of capillary electrophoresis with mass spectroscopy; the increasing use of next-generation sequencing; and rise in the number of clinical, forensic, and research laboratories are factors driving the growth of the electrophoresis market. Additionally, the growth in emerging markets, increasing demand for personalized medicine, and a shift from plant-derived to genome-based drug discovery are also factors expected to provide significant growth opportunities for market players during the forecast period. However, the presence of alternative technologies offering better efficiency & results and time-consuming operations with limited sample analysis are factors restraining the growth of this market to a certain extent during the forecast period

Thermo Fisher Scientific (US), Bio-Rad Laboratories (US), Merck Group (Germany), Agilent Technologies (US), Danaher Corporation (US), GE Healthcare (US), PerkinElmer (US), QIAGEN N.V. (Netherlands), Harvard Bioscience (US), Shimadzu Corporation (Japan), Lonza Group (Switzerland), Sebia Group (UK), and C.B.S. Scientific Company (US) are the key players operating in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, partnerships, agreements, collaborations, and expansions.

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Bio-Rad (US) was one of the leading players in the electrophoresis market in 2019. It offers an exhaustive portfolio of consumables, instruments, and software solutions for electrophoresis and protein quantitation solutions. The company is the leading player in the electrophoresis market with an addressable market of USD 1,000 million, with a wide range of nucleic acid and protein electrophoresis solutions. With a strong brand name and wide geographic coverage in more than 35 countries, Bio-Rad has a well-established presence in this market. As a part of its global growth strategy, the company is investing in the fast-growing life science industry by entering into synergies with companies and academic institutes to strengthen its market position.

For providing innovative products, Bio-Rad invests a significant amount of its sales revenue in R&D. In 2019, it invested around USD 0.20 billion in R&D. This allows the company to extend its technological capabilities and provide superior-quality products, thereby helping it to achieve long-term growth.

Thermo Fisher Scientific (US) has diversified product offerings in this market, ranging fro gel and capillary electrophoretic systems to gel documentation systems and software solutions, along with a wide range of reagents. Owing to its strong sales and distribution network, the company has a significant global footprint. Additionally, the large number of production sites gives it a competitive advantage over other players in the electrophoresis market.

The company further intends to strengthen its presence in this market by investing in R&D. Thermo Fisher’s extensive research and development activities enable it to increase its depth of capabilities in technologies and software. Moreover, its significant investment in R&D enables it to provide innovative products, thus enabling it to maintain and improve its competitive position in the global market. The company’s strategy is to augment complementary acquisitions to achieve internal growth. The increasing demand for high-quality research products, the growing proteomics and genomics research sector, and strong presence in emerging markets are expected to offer growth opportunities for the company in the coming years.

Related Reports:

Electrophoresis Market by Product (Gel Electrophoresis (1D & 2D Gel Electrophoresis, Agarose, PAGE), Capillary Electrophoresis (CZE, CGE, Isoelectric Focusing), Reagents, Imaging), Application (Research, Diagnostics), and End User - Global Forecast to 2025

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Report Code
AST 5339
RI Published ON
4/17/2020
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