Asia Pacific is the fastest growing geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. The market in the Asia Pacific is driven by the key factors such as rise in biotechnologies industry across the nations such as China, Japan, India and South Korea. The increasing investments in the sector is likely to encourage the growth of the market during the forecast period. In addition, the market is also expected to grow due to support of government that have initiated programs to increasing the professionals. The collaboration of the countries such China and Japan with the foreign entities are expected to grow the market during the forecast period.
The western blotting market accounted to US$ 638.82 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 992.55 Mn by 2027.
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Rising Prevalence of Lyme and HIV
Automation in Western Blot Technique
The global western blotting market by application segments was led by biomedical & biochemical research segment. In 2018, the biomedical & biochemical research held a largest market share of 38.58% of the western blotting market, by application. However, the others segment is expected to grow at the fastest growth rate during the forecast period, 2019 to 2027.
Organic and inorganic growth strategies were observed among which organic strategy was the most adopted strategy in global western blotting industry. For instance, in June, 2019. Thermo Fisher Scientific Inc. launched the iBright 1500 Imaging System Series that includes two models, the Invitrogen iBright FL1500 imaging system and the Invitrogen iBright CL1500 imaging system for life science researchers. Thus, various product launch in the market are likely to influence the market growth during forecast period.
- Thermo Fisher Scientific Inc.
- Merck KGaA
- GENERAL ELECTRIC
- Cell Signaling Technology, Inc.
- PerkinElmer, Inc.
- Bio-Rad Laboratories, Inc.
- LI-COR, Inc.
- OriGene Technologies, Inc.
- Rockland Immunochemicals Inc.
- Abcam Plc.
Western Blotting – MARKET SEGMENTATION
- Biomedical & Biochemical Research
By End User
- Biotechnological & Pharmaceutical Companies
- Diagnostic Laboratories
- Academic & Research Institutes
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- South America (SAM)
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