Electrophoresis Reagents Market is Projected to Generate the Revenue Worth 1.05 Billion USD by 2020

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The global electrophoresis reagents market is expected to reach USD 1.05 Billion by 2020. This market was valued at USD 810.2 Million in 2015 and is expected to grow at a CAGR of 5.4% from 2015 to 2020.

(EMAILWIRE.COM, January 18, 2019 ) Substantial growth was observed in the global Electrophoresis Reagents Market in the last decade, majorly due to an expected increase in the global burden of infectious diseases, genetic disorders, & cancer; significant investments by governments in genomics and proteomics; technological advancements; and rapid increase in geriatric population in developed countries.

Secondary Research:

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

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Primary Research:

The electrophoresis reagents market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, distributors, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the hospitals & clinics, diagnostic laboratories, home care, food & beverage, pharmaceutical, nutraceutical & biotechnology companies, and environmental testing industry.

The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

In 2014, the electrophoresis gels segment accounted for the largest share of the electrophoresis reagents market. However, the electrophoresis dyes segment is expected to be the fastest-growing segment in this market during the forecast period of 2015-2020. The high growth in this segment can be attributed to increasing investments and efforts by market players to find safer and highly sensitive alternative dyes for electrophoresis analysis.

The electrophoresis reagents market in the Asia-Pacific region is expected to offer significant growth opportunities for market players during the forecast period. The high growth in this regional segment is majorly attributed to the rapidly improving healthcare infrastructure, rising per capita income, increasing funding for genomics and proteomics research, rising demand for cutting-edge technologies, and low labor costs in emerging APAC countries.

The prominent players in the electrophoresis reagents market include Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Lonza Group (Switzerland), QIAGEN N.V. (Netherlands), and Merck Millipore (U.S.), among others.

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