ProteinSimple

Jan 24, 2023

Major Players Thermo Fisher Scientific, Inc., GE Healthcare, Hoffmann-La Roche Ltd., Danaher Corporation (Lumigen, Inc.), EMD Millipore Corporation, Bio-Rad Laboratories, Inc., PerkinElmer Inc., LI-COR, Inc., Bio-Techne Corporation (ProteinSimple Inc.), and Advansta, Inc.  among other. Segmentation Analysis The gel electrophoresis segment is expected to be the fastest-growing segment in 2022. The product segment is blotting systems, consumables, gel electrophoresis, and imagers. The gel electrophoresis segment is expected to witness the highest growth rate during the forecast period. By utilising an enzyme's or a primary antibody's capacity to bind to a specific antigen, electrophoresis blotting is a highly effective method for detecting a specific protein in a sample. It therefore has strict requirements for a variety of applications. The demand for consumables in blotting systems for research and diagnosis is rising at the fastest rate due to the rising occurrence of contagious illnesses. The western segment is expected to be the fastest-growing segment in 2022. The type segment is northern, western, eastern, and southern. The western segment is expected to witness the highest growth rate during the forecast period. Proteins are separated and identified using the blotting method known as Western blotting, commonly referred to as immunoblotting. Preparing the tissue, electrophoresis on a gel, protein transfer to the membrane, blocking to prevent membrane and antibody interactions, membrane incubation, and antibody-based protein detection are all steps in the western blot procedure. The diagnostics segment is expected to be the fastest-growing segment in 2022. The application segment is agriculture, research, food & beverages, diagnostics, and others. The diagnostics segment is expected to witness the highest growth rate during the forecast period. Scientific research and medical diagnostics are now lucrative in the global blotting systems market, and it is anticipated that they will continue to maintain those positions in the coming years. Due to a growth in research and development efforts and advancements in the medical diagnostics business, these markets have grown to be incredibly lucrative for significant players. Regional Analysis            The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the blotting systems include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia. The North America region witnessed a major share. The United States has North America's biggest market. In the approaching years, it is anticipated that sales of blotting systems will be driven by the rapidly developed biotechnology and medical diagnostics sectors. According to a study done by the US Department of Agriculture, farmers' adoption of agricultural biotechnology is changing how this industry is commercialized (USDA). According to reports, the biotechnology sector is fairly developed in the US. The USDA claims that agricultural biotechnology has the potential to enhance US food production and associated R&D initiatives. This is a hidden sign that there is a rise in the demand for blotting systems in the US. Country Analysis Germany Germany's blotting systems market size was valued at USD 0.62 billion in 2022 and is expected to reach USD 0.72 billion by 2030, at a CAGR of 2% from 2023 to 2030. Germany is an important market for people in this industry as it is the centre of the largest blotting systems market in Europe. Due to its rapidly expanding pharmaceutical, medical research, and diagnostics industries, Germany is a target for multinational corporations. Germany's research sector is anticipated to be significantly improved by the EU-funded CANCERSCREEN project, which has assembled a comprehensive global data collection of over 800 businesses in this field. China China’s blotting systems market size was valued at USD 1.36 billion in 2022 and is expected to reach USD 1.86 billion by 2030, at a CAGR of 4% from 2023 to 2030. The medical equipment and diagnostics sector is one of China's fastest-growing businesses, with double-digit growth sustained for more than 10 years, according to the "Healthcare Resource Guide" research, which was issued by the Export Government of China on October 30th, 2019. India India's blotting systems market size was valued at USD 1.02 billion in 2022 and is expected to reach USD 1.29 billion by 2030, at a CAGR of 3% from 2023 to 2030. The market for medical devices and diagnostics is currently worth more than US$ 10 billion, and by 2024, it is expected to increase to US$ 65 billion, according to Invest India, the National Investment Promotion & Facilitation Agency of India. The market for medical equipment, which includes diagnostic tools, is expected to increase at a rate of 28% per year and reach US$ 50 billion by 2025, according to the report. Covid-19 Impact Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries. Furthermore, the growth of the blotting systems market is mainly driven by the rise in applications. 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