Market Trends of Electrophoresis Equipment and Supplies Industry
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.
