Market Size of Electrophoresis Equipment and Supplies Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
