Western blotting: Key market research findings
- Growing application range boosts market growth
- The Americas dominate the market geographically
- Key vendors – Bio-Rad Laboratories, GE, Merck Millipore, and Thermo Fisher Scientific
Technavio’s market research analysts predict the global western blotting market to grow at a CAGR of around 6% between 2016 and 2020. The broadening application range of western blotting is the major driving force behind the growth of this market. Western blotting has found applications in a wide range of areas such as disease diagnosis, biomedical and biochemical research, food and beverage, agriculture, and QC tests in the pharmaceutical, biopharmaceutical, and biotechnology industries. Furthermore, it is also used in disease diagnosis for confirmation of results obtained from ELISA tests. During 2015, the Americas dominated the global western blotting market by accounting for over 49% of the overall market share. The increasing number of awareness programs undertaken by organizations that provide huge funds, across regions, to deal with HIV/AIDS cases is expected to drive growth in the western blotting market in Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of western blotting segments based on the end-user.
“Technological advancements to improve the outcome the technique plays a vital role in the growth of the global market. Many companies worldwide have come up with proprietary technologies to ensure high accuracy in the products offered. New technologies that can improve the sensitivity, quantifiability, reproducibility, and overall speed of western blot experiments are expected to emerge during the forecast period owing to increased investments in R&D,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research.
By 2020, the pharmaceuticals and biotechnology end-user segment will reach a market share of almost 43% to continue its dominance over the global western blotting market. The growing number of applications in sectors such as food and beverage and agriculture is prompting pharmaceutical and biotechnology companies to invest in R&D for new solutions that address critical issues in these sectors. Western blotting will find application in the diagnosis and development of new drugs with the rise in new types of diseases during the forecast period.
The key vendors in the market include Bio-Rad Laboratories, GE, Merck Millipore, and Thermo Fisher Scientific. The global western blotting market is characterized by the presence of many international and regional vendors. The international vendors have a strong hold over the market, making it difficult for local vendors to compete, especially in terms of quality and pricing. With the increase in the number of laboratories along with rapid technological advances, the competition between the vendors is likely to intensify during the forecast period. Furthermore, many dominant vendors are shifting their R&D and manufacturing facilities to APAC owing to the low cost of land and labor.
A more detailed analysis is available in the Technavio report, Global Western Blotting Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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