Overview of the global gel electrophoresis market
According to Technavio’s analysts, the global gel electrophoresis market is anticipated to grow at a steady rate and post a CAGR of close to 7% during the forecast period. The increasing demand for personalized medicine will drive the growth prospects for the global gel electrophoresis market until the end of 2021. Diagnostics obtain molecular profiling of body fluids and tumor tissues to identify the significant molecules responsible for regulating malignant features by using electrophoresis, which separates and quantifies these molecules. Also, it has been observed that electrophoresis methods such as two-dimensional difference gel electrophoresis (2-D-DIGE) allow quantitative, sensitive, reproducible, high-throughput, and exhaustive global protein expression profiling. The electrophoresis method develops cancer biomarkers and drives the preference for personalized medicine, which, in turn, increases the demand for lab equipment such as gel electrophoresis.
The growing trend for DNA profiling will drive the growth prospects for the global gel electrophoresis market for the next four years. One of the major factors responsible for the growing need for DNA profiling is paternity testing, which compares the DNA of the offspring of the father. Also, DNA profiling is used in forensic investigations to identify suspects or victims based on crime scene DNA electrophoresis. The
Overview of the global capillary electrophoresis market
As per the Technavio’s market research analysts, the global capillary electrophoresis market is predicted to grow at a CAGR above 7% during the forecast period. The rapid proliferation of the biotechnological industry is considered as one of the primary drivers for the market. The rise of the biotechnology sector is mainly attributed to the innovations in bioinformatics, advancements in the biotechnology, and improved biotechnology products in the market. The increasing demand for sophisticated analytical instrumentation such as capillary electrophoresis and methodologies is mainly due to growing utilization of recombinant DNA techniques, and peptide synthesis to produce highly specialized biomolecules. On the other hand, the better instrumentation and market availability have led to the adoption of capillary electrophoresis applications in biotechnology.
One of the latest trends that will gain traction in the global capillary electrophoresis market is the increasing popularity of lab-on-a-chip technology. This miniaturized device accommodates one or several analyses done in a lab onto a single chip and provides numerous advantages like ergonomy, diagnostic speed, cost efficiency, and sensitivity. The technology is combined with electrophoresis and used to separate proteins and other molecules taking much lesser time to analyse compared to the conventional methods. Therefore, the plus points provided by the technology will facilitate improved use of capillary electrophoresis instruments in the future, which will, in turn, boost this market’s adoption over the next four years.
Competitive analysis and key vendors
Overview of the global urinary slings market
According to the Technavio’s analyst, the global urinary slings market is anticipated to grow at a steady rate and will post a CAGR of more than 10% during the forecast period. The rising medical tourism initiatives on a global level will drive the growth prospects for the global urinary slings market until the end of 2021. It has been observed that governments around the world are increasingly taking medical tourism initiatives in the healthcare sector focusing key treatment areas such as cancer, cardiovascular, and bladder disorders. Also, medical tourism available for chronic diseases such as kidney diseases that require early diagnosis and treatment will boost the consumption of urinary incontinence products like urinary slings. Costa Rica, Mexico, Singapore, India, Taiwan, Israel, Malaysia, South Korea, Thailand, and Turkey are some of the countries that are popular for medical tourism initiatives offering cost-effective treatment for cancer and other chronic diseases including bladder disorders. Moreover, APAC is the region that has the highest number of countries with medical tourism initiatives in countries such as India and China.
The increasing number of improvements in the reimbursement policies will drive the growth prospects for the global urinary slings market for the next four years. The availability of reimbursement policies for urinary sling procedures will make the urinary sling surgeries affordable and increase the demand for urinary slings as it reduces the financial burden on individuals.
Overview of the global molecular spectroscopy market
Market research analysts at Technavio predict that the global molecular spectroscopy market will grow steadily during the next four years and post a CAGR of more than 6% by 2021. This industry analysis identifies the increasing focus on drug discovery and development as one of the primary growth factors for the molecular spectroscopy market. With the increased support from the governments of several developed and developing countries, there has been a significant increase in focus towards drug discovery and development by pharmaceutical and biotechnology companies and research institutes. This has considerably increased the demand for molecular spectroscopy solutions since technologies such as nuclear magnetic resonance or NMR spectroscopy are widely used in screening experiments used for discovering high-affinity ligands, clarifying ligand-binding sites, and detecting small molecules with broad ranges of binding affinity. With the expected increase in the adoption of NMR as a robust tool for developing novel therapeutics, this increase in drug discovery and development will consequently aid in the growth of the molecular spectroscopy market.
Due to technological advancements in spectrometer techniques that help investigate biological functions and structural dynamics of nucleic acids, proteins, lipids, and fats, the coming years will witness a major shift in adoption from single molecular to macromolecular spectroscopy since it will provide an innovative platform for analyzing complex compositions.
Competitive landscape and key vendors
The market is characterized by the presence of several international and regional players and appears to be highly fragmented. The market’s competitive environment is intense and factors such as price, availability, and variety are some of the major
Overview of the global surgical microscope market
According to a recent industry analysis, the global market for surgical microscopes will witness promising growth and post a CAGR of almost 12% by 2021. The increasing preference for minimally invasive (MI) surgeries will spur the prospects for growth in this market during the next few years. A couple of years back, most surgical procedures were extensive and involved making painful incisions which, in turn, resulted in scarring. However, today MI surgeries have progressed both in terms of scientific and technical aspects, making it one of the first choices for surgical procedures among doctors. Surgical microscopes are increasingly being used in MI procedures due to benefits like their ability to precisely locate a target area during surgeries. The development and integration of surgical microscope is a great boon to the healthcare industry as it helps minimize instances of bleeding and reduces the time taken for rehabilitation.
Additionally, the market research analysts have also identified factors like the emergence of hybrid operating rooms to have a positive effect on the growth of the surgical microscope market during the estimated period. Generally, a conventional operating room (OR) lacks the facilities for diagnosis and other advanced communication and surgical assistance for different kinds of diseases. Earlier, if a patient had to be operated, the diagnosis would be conducted in a diagnostic center before the operation, and if any further diagnosis was required during operation, the patient had to be moved out of the OR to the diagnosis center. As a result, to overcome such issues, most healthcare end-users, including hospitals and ASCs, have started adopting hybrid ORs as they help to improve efficiency.
Overview of the blood bank refrigerators market in the US
Technavio’s market research analyst predicts the blood bank refrigerators market in the US to grow steadily at a CAGR of around 6% by 2021. One of the primary drivers for this market is the rise in the number of blood banks in the region. In modern healthcare system, an increase in life expectancy, and a higher incidence of numerous diseases, has created the need for blood and blood derivative. This rise in the demand for blood has in fluxed a requirement for proper preservation and trackable storage solutions such as blood bank refrigerators. Also, new treatments and practices, along with increased sophistication of surgical and medical procedures, have intensified the need for availability of blood on standby. The US government and private organizations have become proactive in setting up blood banks to cater to the growing demand for blood and blood derivatives. The growth in the number of blood banks in the US will offer expanded opportunities for blood bank refrigerator solution providers in the country over the next few years.
One of the latest trends gaining traction in this market is the development in temperature monitoring systems. Temperature monitoring systems has been a very critical aspect in blood bank refrigerator offerings, as blood storage efficiency is subject to a range of variables such as power failure, the frequency of inventory load, door openings, and changes in room temperature. This has created an opportunity for services like real-time information, data management, and remote access to data through mobile and other devices. External