Report : Western Blotting Market to 2027 - Global Analysis and Forecasts By Product (Instruments, Consumables); Application (Biomedical & Biochemical Research, Disease Diagnostics, Others); End User (Biotechnological & Pharmaceutical Companies, Diagnostic Laboratories, Academic & Research Institutes, Others) and Geography
Consumables segment is expected to grow the market for western blotting over the forecast period by product segment.
According to a new market research study titled ‘Western Blotting Market to 2027 – Global Analysis and Forecasts by Product, Application, End User and Geography. The Global Western Blotting Market is expected to reach US$ 992.55 Mn in 2027 from US$ 638.82 Mn in 2018. The market is estimated to grow with a CAGR of 5.2% from 2019-2027. The report highlights the trends prevalent in the global western blotting market and the factors driving the market along with those that act as challenges to its growth.
Global western blotting market was segmented by product, application and end user. The product segment was segmented into instruments and consumables. The instrument segment was further divided into imagers, gel electrophoresis instruments and blotting systems. Like consumables were classified as kits, reagents and others. Based on the application the market was segmented as biomedical & biochemical research, agriculture, and others. Similarly based on the end user the market is segmented as biotechnological & pharmaceutical companies, diagnostic laboratories, academic & research institutes and others.
The market for western blotting is expected to grow significantly due to driving factors such as application in the field of proteomic research, rising prevalence of Lyme and HIV, and increasing investment in R&D by pharmaceutical and biotechnology companies. However, the factor such as alternative technologies for protein detection is likely to act as major restraining factor for the growth of the market.
The major players operating in the western blotting market include, Thermo Fisher Scientific Inc., Merck KGaA, GENERAL ELECTRIC, Cell Signaling Technology, Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., LI-COR, Inc., OriGene Technologies, Inc., Rockland Immunochemicals Inc., and Abcam plc among the others. The companies are involved in various growth strategies that are enabling the growth of the market as well as for the company. For instance, in June, 2019, Thermo Fisher Scientific Inc. launched iBright 1500 Imaging System Series that includes two models, the Invitrogen iBright FL1500 imaging system and the Invitrogen iBright CL1500 imaging system for life science researchers.
Global Western Blotting Market, By Regions, 2018 (%)
The report segments the global western blotting market as follows:
Global Western Blotting Market – By Product
Global Western Blotting Market – By Application
Global Western Blotting Market – By End User
Global Western Blotting Market – By Geography
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