Published on : Dec 26, 2017
Albany, New York, December 26, 2017: The global western blotting market is likely to grow at a CAGR of over 5% during the forecast period 2016-2021, according to a new research report added to the repository of Market Research Hub (MRH). According to the report titled “Western Blotting Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2021”, the global western blotting market will continue to witness gains on accounts of its wide-ranging applications in diagnostics, especially confirming HIV positive results.
Preliminary HIV testing is carried out through rapid tests and ELISA, however, in many countries, it is mandatory to confirm an HIV positive result with western blotting. Although HIV prevalence rates are on a decline, greater awareness among people about the importance of getting tested for HIV is driving the growth of the global western blotting market.
The report offers detailed segmentation to give users insights and analysis on the quick growing and sluggish growing markets. On the basis of product, the western blotting market has been segmented into electrophoresis, chromogenic reagents, and transfer membranes. On the basis of application, the market has been segmented into scientific research, medical diagnostics, agricultural application, food and beverage, and others. By end use, the key segments include diagnostic laboratories, research institutes, and pharmaceutical & biotechnology.
The western blotting market is also being positively influenced by advancements in technology, including automation and imaging. The advancement in technology have enhanced the scope of western blotting, promoting its use in many end-use applications. The market for western blotting is also being positive impacted by the rise in collaborations between pharmaceutical and biotechnology companies is also auguring well for the prospects of the western blotting market.
North America continues to be one of the leading markets for western blotting globally. The market in North America is led by the U.S., which continues to be one of the centers for research and development in this field. The progress made in the U.S. western blotting landscape has broader ramifications on the global scene, and it is highly likely that future trends will be shaped by developments in the U.S. Strong demand from the pharmaceutical industry in the U.S is also likely to contribute to the growth of the western blotting market in the region. Overall, the region will continue to offer growth opportunities to players in the western blotting market during the forecast period. Some of the key companies profiled in the report include GE Healthcare, Merck Millipore, PerkinElmer Inc., Thermo Fisher Scientific, and Bio-Rad Laboratories, Hoffmann-La Roche Ltd., LI-COR, Inc., Danaher Corporation (Lumigen, Inc.), EMD Millipore Corporation, Advansta, Inc., and Bio-Techne Corporation (ProteinSimple Inc.).
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