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Electrophoresis Reagents Market Size

Report ID: GMI6171
Published Date: Jul 2023
Report Format: PDF

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Electrophoresis Reagents Market Size

Electrophoresis Reagents Market size was valued at USD 2.5 billion in 2022 and is estimated to register 5.1% CAGR between 2023 and 2032. Electrophoresis reagents are widely used in the biotechnology and pharmaceutical industries owing to the increasing demand for novel therapeutics, personalized medicine, and diagnostics in these sectors. Electrophoresis is utilized in clinical diagnostics for the separation & analysis of proteins and other biomarkers. The need for accurate & reliable diagnosis of diseases and disorders is fueling the demand for electrophoresis reagents in clinical laboratories and diagnostic centers. Electrophoresis reagents are also witnessing rising adoption in forensic applications including DNA profiling, crime scene analysis, and forensic identification.

Electrophoresis Reagents Market

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The agriculture and food industries employ electrophoresis techniques to analyze genetic markers, DNA fingerprinting, and the quality of food products. The need for improved crop breeding, food safety testing, and genetic traceability is influencing the demand for electrophoresis reagents in this sector.

Electrophoresis Reagents Market Report Attributes
Report Attribute	Details
Base Year:	2022
Electrophoresis Reagents Market Size in 2022:	USD 2.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.10%
2032 Value Projection:	USD 4.2 Billion
Historical Data for:	2018 to 2022
No. of Pages:	175
Tables, Charts & Figures:	194
Segments covered:	Type, Technique, End Use, and Region
Growth Drivers:	Rapid expansion of the healthcare and pharmaceutical industries Increasing research activities Developing technologies in the agricultural sector
Pitfalls & Challenges:	High costs of production Changing regulatory landscapes Availability of cost-effective substitutes

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The high cost of electrophoresis reagents poses a significant challenge, particularly for research laboratories and academic institutions with limited budgets. This high cost can limit their accessibility and impede research activities. Variability in reagents and experimental conditions can affect the accuracy & reliability of results, affecting data interpretation and comparison. Alternative separation and analysis technologies, such as mass spectrometry and High-performance Liquid Chromatography (HPLC), offer advantages in terms of sensitivity, resolution, and automation, restricting the electrophoresis reagents market. Thus, the high cost & low availability of electrophoresis reagents and the presence of competing technologies may limit product adoption, further hampering market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of electrophoresis reagents size was worth USD 2.5 billion in 2022 and is projected to record USD 4.2 billion by 2032 attributed to widespread application in the biotechnology and pharmaceutical industries.

The gels type segment generated USD 1.3 billion in 2022 and is poised to grow at robust CAGR from 2023 to 2032 driven by their increasing usage in research activities related to genetics, genomics, and molecular biology.

U.S. electrophoresis reagents market was valued at USD 1.6 billion in 2022 and is anticipated to grow at rapid pace through 2032 due to the ongoing research & development in the fields of biotechnology, pharmaceuticals, and life sciences.

Some of the major companies engaged in the electrophoresis reagents industry are Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Merck KGaA (Merck Millipore), Agilent Technologies, Inc., GE Healthcare, Sigma-Aldrich Corporation, Lonza Group Ltd., and Promega Corporation