Western Blotting Market Forecast to 2028 - COVID-19 Impact and Global Analysis - Product (Instruments, Consumables); Application (Biomedical & Biochemical Research, Agriculture and Others); End User (Biotechnological and Pharmaceutical Companies, Diagnostic Laboratories, Academic and Research Institutes and Others)
Publication Month: Jul 2019 | Report Code: TIPHE100001121 | No. of Pages: 175 | Category: Biotechnology | Status: Published
The western blotting market is projected to grow from 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% during 2019–2027.
Western blotting also known as protein blotting and immunoblotting, is a core technique used in cell and molecular biology. This process is used to detect the presence of a particular protein in a complex solution that has been extracted from cells. Western blotting is being used widely to confirm gene expression, demonstrate antibody specificity, diagnose diseases, and detect post translational modifications. Proteins are separated by gel electrophoresis based on molecular weight of proteins.
The western blotting market growth is attributed to the application in the field of proteomic research, rising prevalence of Lyme & HIV, increasing investment in R&D by pharmaceutical and biotechnology companies. However, alternative technologies for protein detection hinder the growth of the market.
Lucrative Regions in Western Blotting Market
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Market Insights
pplication In The Field of Proteomic Research
Western blot the widely used technique in study of Proteomic. Proteomic is study of proteomics which is developed in an organism. Proteomics are used to study how protein are expressing in the biological systems, number of protein produced in time, protein degradation, protein modification process ,transfer of protein between cellular compartment, the association of proteins in metabolic pathways and also the protein interaction with one another. Identifying the cell signaling molecules is one of the many advantages that the western blotting technique offers.
Proteomic research is helping pharmaceutical companies in drug discovery research. Using 2-dimensional polyacrylamide gel electrophoresis (2D-PAGE) for protein expression profiling as the gold standard for differentiating between disease and control samples. Owing to these factors, the western blot market is expected to grow in the forecast period.
Product-Based Insights
The global western blotting market, based on product is segmented into instruments and consumables. In 2018, the consumables segment held the largest share of the market, by product. The consumables segment of western blotting market is also expected to witness growth in its demand at a fastest CAGR of 5.6 % during 2019 to 2027. The instruments and consumbles are further divided into segments. The instrument segment is divided into imagers, gel electrophoresis instruments and blotting systems. Likewise, the consumbales segment is categorized as kits, reagents and others.
Western Blotting Market, by Product – 2021 and 2028
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Application Insights
Based on indication, the western blotting market is segmented into biomedical & biochemical research, agriculture market, and others. In 2018, the biomedical & biochemical research segment held the largest share of the market, by application. In addition, the growing demand for western blot is also expected to grow at the fastest rate during the coming years owing rising research activities.
End User Insights
The global western blotting market, based on the end user was segmented into biotechnological and pharmaceutical companies, diagnostic laboratories and academic and research institutes. In 2018, the academic and research institutes segment held the largest share of the market, by end user. However, the biotechnological and pharmaceutical companies segment is also expected to grow at the fastest rate during the coming years.
Strategic Insights
Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the western blotting market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally. The market is anticipated to flourish in the coming years due to the development of innovative products by market players.
Company Profiles
- 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.
- Abcam plc
The List of Companies
- 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.
- Abcam Plc.
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