(PharmaNewsWire.Com, July 30, 2019 ) Growth in this market is majorly attributed to factors such as increasing demand for pet insurance and rising animal healthcare expenditure, growing demand for animal-derived food products, and growth in the number of veterinary practitioners and their income levels.
The global electrophoresis market is expected to reach USD 2.80 Billion by 2022 from USD 2.15 Billion in 2017, at a CAGR of 5.4% during the forecast period.
+ Market Dynamics
+ Market Drivers
+ Rising Incidence of Cancer, Infectious Diseases, and Genetic Disorders
+ Growth in Funding for Research on Genomic, Proteomic, and Electrophoresis Techniques
+ Growing Number of Industry-Academia Research Collaborations
+ Growing Use of Capillary Electrophoresis With Mass Spectroscopy
+ Growing Use of Next-Generation Sequencing
+ Rapid Growth in Aging Population
+ Growth in the Number of Clinical, Forensic, and Research Laboratories
The reagent segment accounted for the largest share of the global electrophoresis market. This is primarily attributed to the increasing demand for 2D electrophoresis for protein separation for various applications such as biomarker discovery and protein mapping. Over the years, genomic and proteomic technologies have gained significant importance in fields of clinical diagnosis and drug discovery and development.
The research segment accounted for the largest share of this market. Low cost and sensitive approach for DNA sequencing, the major role of electrophoresis in drug discovery, rising use of electrophoresis techniques as a result of growing importance of antibody research in the development of biotherapeutic are the major factors driving the use of electrophoresis, which has boosted the demand for research applications.
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