Electrophoresis Equipment & Supplies Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Electrophoresis Equipment & Supplies Market Analysis
The electrophoresis equipment and supplies market is expected to register a CAGR of 4.9% during the forecast period.
The COVID-19 pandemic had a significant positive impact on the electrophoresis equipment and supplies market. This is majorly due to the application of electrophoresis in diagnosing COVID-19. To increase COVID-19 testing capacities, a new method for SARS-CoV-2 detection was developed. The method includes using a two steps end point RT-PCR protocol, where conventional nonreal-time thermal cycler, the set of primers targets included on the CDC RT-qPCR protocol, and agarose gel electrophoresis are used. With the help of this new method, the diagnosis of COVID-19 was widely made across developed countries, such as the United States and European countries. This factor contributed significantly to market growth during the pandemic.
The electrophoresis technique is mainly used to separate and analyze large molecules, such as proteins, nucleic acids, plasmids, DNA, RNA, and fragments of these macromolecules. Electrophoresis comprises several related analytical techniques, such as affinity electrophoresis, capillary electrophoresis, gel electrophoresis, immune electrophoresis, electroblotting, pulsed-field gel electrophoresis, and isoelectric focusing.
The demand for healthcare innovations has been increasing worldwide. COVID-19 forced the pharmaceutical and biotechnology industries to develop innovative drugs or vaccines that can cope with the novel virus. This led to increasing innovations in the field of pharmaceuticals, and electrophoresis plays a crucial role in these innovations. For instance, the PubMed data published in July 2021 suggests that the application of electrophoresis is on the rise in pharmaceutical development. Researchers use the electrophoresis technique for pharmaceutical analysis. Hence, with the rising use of electrophoresis in new drug development, the market studied is expected to witness strong growth over the forecast period.
However, the long analysis time associated with this technique is one of the factors hindering the market growth.
Electrophoresis Equipment & Supplies Market Trends
This section covers the major market trends shaping the Electrophoresis Equipment & Supplies Market according to our research experts:
Pharmaceutical and Biotechnology Companies Segment is Expected to Witness Rapid Growth
Capillary gel electrophoresis techniques are used in pharmaceutical and biotechnology industries to separate large molecules or macromolecules, such as DNA, RNA, and proteins, whose mass-to-charge ratios do not vary much with size. In 2021, the Association of Medical Research Charities (AMRC) contributed GBP 1.5 billion (USD 1.82 billion) of non-industry spending on research and development in the United Kingdom, while the Department of Health and Social Care (DHSC) spent around GBP 5 billion (USD 6.08 billion). Increasing investments in life sciences research and the UK government's ambition to increase R&D spending to 2.4% of GDP by 2027 and 3% over the longer term also support market growth.
The pharmaceutical and biotechnology companies segment holds a significant market share in the electrophoresis equipment and supplies market. It is anticipated to show a similar trend over the forecast period due to the growing adoption of electrophoresis in quality control of pharmaceutical formulations by analyzing the drug content of pharmaceutical formulations and identification and study of DNA fragments, and testing of antibiotics and vaccines. For instance, in August 2022, Kymos stated that electrophoretic assays in different types and formats are currently included as a testing method in the certificates of analysis for batch testing of therapeutic proteins. Cytokines, blood factors, hormones, monoclonal antibodies (mAbs), and fusion proteins are some of the proteins that can be analyzed with electrophoresis. The adoption of electrophoresis increases with its rising importance, which contributes to the growth of the segment.
Constant technological advancements in the medical and healthcare sector, the growing demand for innovative therapies and drugs, and increasing research projects on genes, proteins, and biomolecules are the key factors driving the pharmaceutical and biotechnology companies segment.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the electrophoresis equipment and supplies market due to growing demand from research and development projects involving proteins, genes, and associated biomolecules, stringent regulatory issues on pharmaceutical product quality control, and process validation processes in this region.
Increasing investments and R&D spending in the United States contributes to the growth of the electrophoresis equipment market. For instance, according to the National Institute of Health data 2022, R&D investments in the United States increased to USD 88.6 billion in 2021 from USD 45.7 billion in 2016. Hence, with the rise in R&D expenditure across the United States, the market for electrophoresis equipment and supplies is expected to witness strong growth in the coming years.
Strong analytical methods with high separation efficiency and sensitivity are needed to confidently identify and quantify proteins, posttranslational modifications, and protein complexes expressed in cells and tissues. In recent years, interest in capillary electrophoresis-mass spectrometry (CE-MS) greatly expanded due to this demand in developed countries like the United States. With the increasing demand, the market studied is believed to witness strong growth over the forecast period.
Electrophoresis Equipment & Supplies Industry Overview
The electrophoresis equipment and supplies market is fragmented and consists of several major players. In terms of market share, a few major players currently dominate the market. Some companies that currently dominate the market are Bio-Rad Laboratories, Inc, GE Healthcare, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Merck Millipore (Merck & Co., Inc.), PerkinElmer, Inc., QIAGEN N.V., Lonza Group Ltd, Shimadzu Corporation, and Sebia Group.
Electrophoresis Equipment & Supplies Market Leaders
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Bio-Rad Laboratories, Inc
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GE Healthcare
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Thermo Fisher Scientific Inc
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Agilent Technologies, Inc
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Merck & Co Inc
*Disclaimer: Major Players sorted in no particular order
Electrophoresis Equipment & Supplies Market News
- In September 2022, miniPCR bio, a manufacturer of scientific tools for educators and researchers announced the launch of the Bandit STEM Electrophoresis Kit, an educational electrophoresis system.
- In May 2022, QIAGEN announced the launch of QIAxcel Connect, a high-speed, high-resolution and high-sensitivity nucleic acid analysis capillary electrophoresis (CE) instrument.
Electrophoresis Equipment & Supplies Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growing Demand for Innovative Therapies and Drugs
- 4.2.2 Increasing Research Activities on Genes, Proteins, and Certain Biomolecules
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4.3 Market Restraints
- 4.3.1 Time-consuming Technique
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Gel Electrophoresis Systems
- 5.1.2 Capillary Electrophoresis Systems
- 5.1.3 Electrophoresis Accessories
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5.2 By Application
- 5.2.1 Academic and Research Institutes
- 5.2.2 Hospitals and Diagnostics Centres
- 5.2.3 Pharmaceutical and Biotechnology Companies
- 5.2.4 Other Applications
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Bio-Rad Laboratories, Inc.
- 6.1.2 GE Healthcare
- 6.1.3 Thermo Fisher Scientific Inc.
- 6.1.4 Agilent Technologies, Inc.
- 6.1.5 Merck Millipore (Merck & Co., Inc.)
- 6.1.6 PerkinElmer, Inc.
- 6.1.7 QIAGEN N.V.
- 6.1.8 Lonza Group Ltd
- 6.1.9 Shimadzu Corporation
- 6.1.10 Sebia Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityElectrophoresis Equipment & Supplies Industry Segmentation
Electrophoresis is a technique used to separate molecules based on charge, size, and binding affinity. This technique is mainly used to separate and analyze large molecules, such as proteins, nucleic acids, plasmids, DNA, RNA, plasmids, and fragments of these macromolecules. The electrophoresis equipment and supplies market is segmented by product type (gel electrophoresis systems, capillary electrophoresis systems, electrophoresis accessories), application (academic and research institutes, hospitals and diagnostics centers, pharmaceutical and biotechnology companies, other applications), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America). The report also covers the estimated market sizes and trends for 17 countries across major regions. The report offers market size and forecast values in USD million for the above segments.
| By Product Type | Gel Electrophoresis Systems | |
| Capillary Electrophoresis Systems | ||
| Electrophoresis Accessories | ||
| By Application | Academic and Research Institutes | |
| Hospitals and Diagnostics Centres | ||
| Pharmaceutical and Biotechnology Companies | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Electrophoresis Equipment & Supplies Market Research FAQs
What is the current Electrophoresis Equipment and Supplies Market size?
The Electrophoresis Equipment and Supplies Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Electrophoresis Equipment and Supplies Market?
Bio-Rad Laboratories, Inc, GE Healthcare, Thermo Fisher Scientific Inc, Agilent Technologies, Inc and Merck & Co Inc are the major companies operating in the Electrophoresis Equipment and Supplies Market.
Which is the fastest growing region in Electrophoresis Equipment and Supplies Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Electrophoresis Equipment and Supplies Market?
In 2024, the North America accounts for the largest market share in Electrophoresis Equipment and Supplies Market.
What years does this Electrophoresis Equipment and Supplies Market cover?
The report covers the Electrophoresis Equipment and Supplies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electrophoresis Equipment and Supplies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Electrophoresis Equipment and Supplies Industry Report
Statistics for the 2024 Electrophoresis Equipment and Supplies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electrophoresis Equipment and Supplies analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
