Electrophoresis Equipment and Supplies Market Size, Share & Industry Analysis, By Types (DNA Electrophoresis, RNA Electrophoresis, Protein Electrophoresis), By Products (Gel Electrophoresis, Capillary Electrophoresis, Electrophoresis Supplies & Accessories), By End-Users (Biotechnology & Pharmaceutical Industries, Diagnostic Centers, Academic & Research Institutes) and Regional Forecast, 2024-2032

Electrophoresis is a procedure to separate and/or purify the molecules like nucleic acids and proteins, under the influence of electricity. It is one of the most conventional techniques used in biotechnology, which separates the particles on the basis of charge and size they possess. Electrophoresis is a preferred method for both research and diagnostics due to its applicability for quantification and detection of biomolecules which has helped to boost the growth of the market. Moreover, the growth of the market can be attributed to growing research projects related to genes, proteins, and individual biomolecules.

Electrophoresis equipment and supplies market is expanding due to the continuous technological advancements and increasing investments in biotechnology. According to PharmaTimes December 2018, 13.5 bn USD venture capital was invested into the biotechnology sector in the first ten months of 2018, beating the previous full-year record of USD 11 bn in 2017. Moreover, the demand for electrophoresis equipment and its supply market has increased worldwide due to the improvement in the sensitivity, precision, and speed of the electrophoresis equipment. Also, factors such as rising demand for innovative therapies and drugs and an increase in demand and interest in research associated with DNA, genes, and proteins are expected to propel the growth of the market in the forecast period.

Key Market Driver -

Are projected to boost the market

Key Market Restraint -

Complexity involved in process of extraction is likely to hinder the market growth.

However, the use of electrophoretic instruments demands technical expertise and hazardous chemical, which may put technical barriers which are expected to obstruct the market growth.

Market Segmentation:

Globally, the electrophoresis equipment and supplies market can be segmented on the basis of the types, products, end-users, and region. Based on the types, the market can be segmented into DNA electrophoresis, RNA electrophoresis, and protein electrophoresis. Based on the products, the market can be segmented into gel electrophoresis, capillary electrophoresis, and electrophoresis supplies & accessories. Gel electrophoresis can further be segmented into horizontal, vertical, and gel documentation system. Electrophoresis supplies & accessories segment can be sub-segmented into reagents & buffers, power packs, and others. Based on the end-user, the market can be segmented into biotechnology & pharmaceutical industries, diagnostics, academic & research institutes, and others.

Geographically, electrophoresis equipment and supplies market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The major companies in the global electrophoresis equipment and supplies report include Bio-Rad Laboratories Inc., Agilent Technologies, PerkinElmer Inc, Merck KGaA, Thermo Fisher Scientific Inc.,  Beckman Coulter Inc., Hoefer Inc., Lonza Group Ltd., SERVA Electrophoresis GmbH, C.B.S Scientific Company Inc., QIAGEN, Helena Laboratories Corporation, and other prominent players.

Key Insights:

• Key Industry Developments - Mergers, Acquisitions, and Partnerships


• Biotechnology Investments for Key Countries/Region


• Recent Electrophoresis Research & Development Activities

Regional Analysis:

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Geographically, the global electrophoresis equipment and supplies market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to hold the largest share of the market and is anticipated to follow the same trend over the forecast period owing to the increasing expenditure in research. The U.S. is anticipated to witness the highest growth due to the plethora of world-class research universities and academic medical centers. Moreover, the R&D spending of the U.S. is quite higher than in most of the regions. For instance, in 2014, the U.S. witnessed most top R&D investments in biotechnology and, since then, the US biotechnology research and investment has been growing at a steady rate. Europe is projected to be the second most productive market throughout the forecast period. The development of new products and partnership activities of biotechnology companies is likely to boost the growth of the market in this region. Moreover, technological advancements and increased government funding in biotechnology are expected to boost the market in this region. However, Asia-Pacific possesses the high market potential for the growth of the market due to an increase in the purchasing power of the countries of this region and R&D expenditure. Moreover, an increasing number of academic and research institutes across different countries are also likely to boost the biotechnology sector driving the growth of the market over the forecast period. This fast-growing startup space in the region stimulated by the influx of capital will encourage added research and development efforts toward building advanced technologies. Latin America and the Middle East and Africa are expected to show moderate growth during the forecast period.

Segmentation

Global Electrophoresis Equipment and Supplies Market Industry Developments

• In November 2019, PerkinElmer Inc. offered two microfluidic electrophoresis platforms such as  LabChip GX Touch nucleic acid analyzer for DNA and RNA, and the LabChip GXII Touch protein characterization system for proteins and glycans.


• In May 2018, Agilent Technologies, Inc. announced the acquisition of Advanced Analytical Technologies, Inc. (AATI), one of the leading manufacturers of computerized and automated capillary electrophoresis instruments. Through this acquisition, Agilent Technologies is centering on reinforcing its position in the market.