Western Blotting Market Size, Share, Growth | Forecast 2027

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
  • Category : Biotechnology
  • Status : Published
  • No. of Pages : 175
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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

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

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.

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Western Blotting Market: Strategic Insights

western-blotting-market
Market Size Value inUS$ 638.82 Million in 2018
Market Size Value byUS$ 992.55 Million by 2027
Growth rateCAGR of 5.2% from 2019-2027
Forecast Period2019-2027
Base Year2019
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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

  1. Thermo Fisher Scientific Inc.
  2. Merck KGaA
  3. GENERAL ELECTRIC
  4. Cell Signaling Technology, Inc.
  5. PerkinElmer, Inc.
  6. Bio-Rad Laboratories, Inc.
  7. LI-COR, Inc.
  8. OriGene Technologies, Inc.
  9. Rockland Immunochemicals Inc.
  10. Abcam plc                
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product ; Application ; End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. Thermo Fisher Scientific Inc.
  2. Merck KGaA
  3. GENERAL ELECTRIC
  4. Cell Signaling Technology, Inc.
  5. PerkinElmer, Inc.
  6. Bio-Rad Laboratories, Inc.
  7. LI-COR, Inc.
  8. OriGene Technologies, Inc.
  9. Rockland Immunochemicals Inc.
  10. Abcam Plc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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