The global electrophoresis instruments market is expected to reach USD 2800 million and is estimated to expand at a steady CAGR during 2015-2020. Biotech and healthcare have been slightly affected by the recent global economic downturn and many of the biotech companies also started to reemerge from the recession and are expected to have positive gains.
The United States represents the largest market for electrophoresis supplies and equipment while growth is expected to be robust in the markets of Asia-Pacific, according to Future Market Insights. Gel electrophoresis instruments are the largest segment with respect to product category while polyacrylamide and agarose gels are the most popularly used forms of gel electrophoresis. Capillary electrophoresis is estimated to be the fastest growing market in coming years.
The factors contributing to market growth are increasing demand for innovative therapies and drugs, worldwide growing research projects related to genes, proteins, and certain biomolecules, increasing popularity for electrophoresis devices as it is the most widely used technology, increasing demand for advanced gel imaging systems, and innovative products. Along with proteomics research, various other industries involved in research are expected to start using electrophoresis instruments, which in turn will increase the demand for the instruments globally.