The global Electrophoresis market size is projected to reach US$ 2436.1 million by 2026, from US$ 1967.8 million in 2019, at a CAGR of 3.1% during 2021-2026. An increase in funding for research on genomic, proteomic, and electrophoresis techniques due to the rising incidence of cancer, infectious diseases, and genetic disorders are driving the electrophoresis market
Based on application, the electrophoresis market is categorized into research, diagnostics, and quality control & process validation. In 2016, the research applications segment accounted for the largest share of the market. The largest share of this segment is attributed to the increasing application of electrophoresis in the field of drug discovery, technological advancements such as automated electrophoresis systems and microchip-based CE diagnostics have revolutionized the application of electrophoresis in research.
Based on region, the Asia Pacific is expected to be the most lucrative segment during the forecast period. This due to increased proteomics and genomics research, increased investments by pharmaceutical and biotechnology companies, increased awareness of personalized therapeutics, and increased research activities in the field of mAb-based therapeutics.
Ans. The global electrophoresis market size is projected to reach USD 2436.1 Million by 2026, from USD 1967.8 Million in 2019, at a CAGR of 3.1% during 2021-2026.
Ans. An increase in funding for research on genomic, proteomic, and electrophoresis techniques due to the rising incidence of cancer, infectious diseases, and genetic disorders are driving the electrophoresis market
Ans. Some key players operating in the electrophoresis market are Bio-Rad Laboratories, Ge Healthcare, Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, Perkinelmer, Qiagen, Merck Millipore, Lonza Group Ltd, Harvard Bioscience, Sebia Group.
Ans. Based on application, the research applications segment is expected to be the most lucrative segment during the forecast period.
Ans. The forecast period for the electrophoresis market is 2021 to 2027.
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