Western blotting, or protein immunoblot, is the technique used for detection and quantification of specific proteins in a sample. This technique forms a major contributor in molecular diagnostics market. Growing prevalence of HIV worldwide, increasing range of applications of western blotting and extensive R&D initiatives being undertaken in this space by biotechnology and pharmaceutical companies are the major drivers of the global western blotting market. Oh the other hand, threat from alternative detection techniques and high price of blotting apparatus and devices may hold back the growth of this market. Some of the major trends observed in the global western blotting market are high investment in research and development, increasing adoption of automation, and introduction of novel imaging software in efficient blotting and detection among others.
The purpose of this research study titled ‘Western Blotting Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global western blotting market. This report presents and analyzes the major trends prevalent in the global western blotting market and the market size and forecast.
This report categorizes the global western blotting market in terms of product type, application, usage areas and geographical distribution. Based on product type, the global western blotting market is categorized into consumables (reagents and kits), instruments (gel electrophoresis instruments, blotting systems: wet blotting instruments and semi-dry blotting instruments; and imagers: chemiluminescent imagers, fluorescent imagers and others). Biomedical and biochemical research, disease diagnostics, agri-biotech and others are the chief application areas considered for the purpose of this study. On the basis of usage areas, the global western blotting market is categorized into research and academia, pharmaceuticals and biotech, disease diagnosis, and others. Market size and forecast for each mentioned segment for the period 2015-2025 is presented in the report along with respective CAGRs for the forecast duration 2017-2025.
The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional presented in terms of product type, applications, usage areas and constituent region/country level markets.
This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global western blotting market. Competition assessment tools such as, major agreements, partnerships and collaborations, market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the western blotting market. The key players profiled in this report are Advansta, Inc., Bio-Rad Laboratories, Inc., Bio-Techne Corporation, Cell Signaling Technology, F. Hoffmann-La Roche Ltd., GE Healthcare, LI-COR Biosciences, Merck KGaA, PerkinElmer, Inc., Sigma-Aldrich Co., Thermo Fisher Scientific, Inc. and Trinity Biotech plc.
Based on the product types, the global western blotting market is segmented as follows:
Between consumables and instruments, the consumables segment dominates the global western blotting market. Significant rise in the incidence of target diseases that demand western blotting based research and diagnosis. Larger purchase and usage volume of these products thus lead to dominance of this segment. Additionally, the instruments segment including gel electrophoresis instruments, blotting systems and imagers will be the fastest progressing segment during the forecast period. Rapid adoption of western blotting techniques in emerging markets of Asia Pacific on the ground of growing number of research and development activities and outsourcing will support the growth of instruments segment. Among the types of instruments, electrophoresis systems will register the fastest growth rate in the market during the forecast period.
Based on the type of applications, the global fluoroscopy systems market is segmented as follows:
Biochemical and biomedical research is reported to be the largest segment in the global western blotting market in 2016. Increasing government funds in proteomics research and personalized medicine, and growing R&D expenditure by pharmaceuticals and biotechnology companies is the field of drug discovery significantly contribute to the dominance of this segment. Additionally, growing incidence of target infections such as HIV/AIDS, Lyme disease, HBV and HSV that tout western blotting as a gold standard for diagnosis makes disease diagnostics as the fastest progressing application segment during the forecast period. Other diseases that use western blotting technique for efficient diagnosis include feline immunodeficiency and mad cow disease.
Based on the usage areas, the global western blotting market is segmented as follows:
Research and academia segment accounted for the largest share in the global western blotting market. Significant influx of institutional and government funds in research with a focus on introduction of breakthrough technologies and exploratory tools in the field of proteomics and personalized medicine is majorly attributed to the dominance of this segment. Additionally, intention of embarking a footprint in the market through novel drug discovery and diagnostic tools makes pharmaceuticals and biotech a competitive segment. On the other hand, it is expected that disease diagnosis will be the fastest progressing segment during the forecast period. Rapidly growing incidence of infections such as Lyme disease, HIV/AIDS, HBV etc. corresponding to the intent of containing the perpetually growing socioeconomic burden of such diseases drive the growth of this segment.
Geographically, the global western blotting market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
At present, North America and Western Europe account for the largest revenue share in the global western blotting market. Domicile of a large number of market incumbents and research institutes in the regions, evolved research infrastructure and high awareness majorly contribute to the dominance of North America and Europe. On the other hand, alarming growth in incidence of target diseases, particularly Hepatitis and HIV/AIDS and growing trend of outsourcing of research and development contracts in countries such as India, Malaysia and others, drive the Asia Pacific market, thus making it the fastest progressing regional market. the global western blotting market is highly competitive in nature and is characterized by growing penetration activities of large market players in emerging economies, increasing strategic collaborations and M&A activities.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Western Blotting market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
| |
Application
| |
Usage Area
| |
|
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report
