(PharmaNewsWire.Com, January 26, 2020 ) 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
“By product, the reagents segment accounted for the largest share of the market in 2016.”
On the basis of product, 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.
“By Application, the research segment held the largest market share in 2016.”
Based on application, 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
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