The global gel electrophoresis market is estimated to grow at a steady CAGR of 7 percent during 2017 to 2021, estimates Technavio Research. The increasing demand for personalized medicine is expected to drive the growth prospects for the market until the end of 2021.
The growing trend for DNA profiling is also expected to drive the growth prospects for the market for the next four years, owing to the growing need in paternity testing and forensic investigations. On the basis of end-users, the laboratory research segment accounted for the majority market share during 2016 and will continue to dominate the market for the next 4 years. The growing demand for personalized medicines and research activities for drug discovery will accelerate the rate of demand for lab analytical instruments such as gel electrophoresis.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the next 4 years. The increasing amount of government funding and investments, collaborations and acquisitions, the presence of a number of research labs and academic institutions, and investments by pharmaceutical and biotechnological companies are the major reasons for their dominance.