The market witnessed substantial growth and rapid technological advancements in the past few years, which had a positive impact on the overall growth of the market. The advancements have allowed the electrophoresis technique to be used in many new applications.
The global electrophoresis reagents market is mainly driven by the rapidly increasing geriatric population, increasing funding for genomics and proteomics research, and rising collaborations. However, time-consuming operations, limited sample analysis through gel electrophoresis, and presence of alternative technologies offering better efficiencies and results are restraining the growth of this market to a certain extent.
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Key Market Restraints:
# Time-Consuming Operations and Limited Sample Analysis Through Gel Electrophoresis
# Presence of Alternative Technologies Offering Better Efficiency and Results
Key Market Opportunities:
# Rapid Growth in Emerging Countries
# Increasing Demand for Personalized Medicine
# Shift From Plant-Derived to Genome-Based Drug Discovery
Key Market Challenges:
# Safety Concerns Associated With Mutagenic Nucleic Acid Dyes
Based on products, the market is segmented into gels, dyes, buffers, and other electrophoresis reagents. Electrophoresis gels are sub segmented into polyacrylamide gels, agarose gels, and starch gels; dyes are sub segmented into ethidium bromide (EtBr), SYBR, and other dyes; and buffers are sub segmented into tris borate EDTA (TBE) buffers, tris acetate EDTA (TAE) buffers, and other buffers.
Based on technique, the electrophoresis reagents market is segmented into gel electrophoresis and capillary electrophoresis. Based on end users, the market is segmented into academic & research institutions, pharmaceutical & biotechnology companies, hospitals & diagnostic centers, and other end users. On the basis of applications, the market is segmented into protein analysis and DNA & RNA analysis.
In 2014, the electrophoresis gels segment accounted for the largest share of the electrophoresis reagents market. However, the electrophoresis dyes segment is expected to be the fastest-growing segment in this market during the forecast period of 2015-2020. The high growth in this segment can be attributed to increasing investments and efforts by market players to find safer and highly sensitive alternative dyes for electrophoresis analysis.
The electrophoresis reagents market in the Asia-Pacific region is expected to offer significant growth opportunities for market players during the forecast period. The high growth in this regional segment is majorly attributed to the rapidly improving healthcare infrastructure, rising per capita income, increasing funding for genomics and proteomics research, rising demand for cutting-edge technologies, and low labor costs in emerging APAC countries.
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Some of the prominent players in the global electrophoresis reagents market are Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Lonza Group (Switzerland), and QIAGEN N.V. (Netherlands). In addition to these major players, there are several other players in the global electrophoresis reagents market, such as Merck Millipore (U.S.), Agilent Technologies, Inc. (U.S.), and Takara Bio, Inc. (Japan).
