The Western Blotting market report delivers exceptional insights on the major developments unfolding in the industry. The market is segmented on the basis of Product, Application, End User, and provides in-depth research of the existing and upcoming market conditions.
Companies Mentioned: 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., and Abcam plc among the others
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According to new study Western Blotting Market is expected to grow with a CAGR of 5.2% and is anticipated to reach US$ 638.82 Million During 2019-2027.
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.
Rising Prevalence of Lyme and HIV
Western blot delivers both confirmatory results in the field of research and diagnostic testing. Lyme is the tick-borne disease in the region of North America. According to study published in 2018, by Carnegie Mellon University sates that Lyme disease is expected to rise in United States. Reason for rise in Lyme disease is the climate change. Various studies have shown western blot IgM has 94-96% of specificity towards the patient with clinical symptom of Lyme disease. Western blot is used in the confirmatory test for HIV followed by ELISA test. Western blot was specifically gold standard for the diagnosis of HIV-1 infection. According to data published on the site of HIV.gov in 2016, approximately 38,700 people were newly infected by HIV. Therefore, owing to the above mentioned factors it is expected that the market is likely to grow during the forecast period.
MARKET SEGMENTATION:
Global Western Blotting Market – By Product
- Instruments
- Imagers
- Gel Electrophoresis Instruments
- Blotting Systems
- Consumables
Global Western Blotting Market – By Application
- Biomedical & Biochemical Research
- Agricultures
- Others
Global Western Blotting Market – By End User
- Biotechnological & Pharmaceutical Companies
- Diagnostic Laboratories
- Academic & Research Institutes
- Others
Application Insights
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.
The target audience for the report on the Western Blotting market
– Manufactures
– Market analysts
– Senior executives
– Business development managers
– Technologists
– R&D staff
– Distributors
– Investors
– Governments
– Equity research firms
– Consultants
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– Learn about the driving factors, affecting the market growth.
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– Pick up on the leading market players within the market.
– Envision the restrictions and restrains that are likely to hamper the market.
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