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The capillary electrophoresis market is estimated to increase by USD 295.55 million between 2022 and 2027. The size of the market is forecast to grow at a CAGR of 5.7%. The growth of the market depends on several factors, including increasing R&D expenditure, the greater use of NGS, and the rising prevalence of chronic conditions
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Increasing R&D expenditure is notably driving the market acceleration, although factors such as the high cost of instruments may impede the market acceleration. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
Increasing R&D expenditure is notably driving market growth. The economic conditions of developing countries have improved considerably over the years. This is leading to increased investments in the healthcare sector, which has resulted in an upsurge in the number of research and testing facilities, particularly in the field of pharmaceutical and biotechnology.
Companies in the market are also actively investing in R&D to upgrade their existing products as well as to launch innovative products. Players such as Agilent Technologies, PerkinElmer, and Thermo Fischer Scientific consistently divert part of their revenue toward generating technical competencies in their various business segments, including analytical tools and instruments. For instance, Agilent Technologies and Thermo Fisher Scientific Inc. showed an increase in their R&D budgets and spent about USD 441 million and USD 1.4 billion, respectively, in FY2021. Such growth in R&D expenditure is expected to spur the market entry of innovative products and novel applications and the upgrade of existing products as per the latest standards, which, in turn, will aid the growth prospects of the market.
Significant Trend
The increase in outsourcing activities is an emerging trend in the market. Pharmaceutical and biotechnology companies operating in the market are outsourcing research activities to CROs and various research institutes. The shortage of skilled technical experts, increased time consumption, and the need for a well-equipped lab setting are some of the major concerns that are driving pharmaceutical and biotechnology companies to outsource analytical testing services required at every phase of drug development instead of performing them in-house.
Outsourcing research activities helps these companies save time, reduce costs, improve quality and productivity, and increase the focus on core aspects of their businesses. CROs and research institutes utilize advanced equipment and industry- and company-specific analytical testing methodologies to achieve effective results with high precision and specificity. They also offer a wide range of services and employ the latest technologies and high-end instruments for product development and clinical trials. This trend is expected to have a positive impact on the global market during the forecast period.
Major Challenge
The high cost of instruments is a major challenge impeding the market. Capillary electrophoresis systems are generally expensive in nature. The cost of these instruments increases with the increase in customization, which includes purchasing accessories or customizing the sample handling settings. The cost also depends on the level of accuracy when it comes to the processing, detection, and analysis of samples.
Apart from the cost of the instrument, most of the running costs are directed toward consumables and reagents. The reagents often need to be replaced or replenished after every process, which further adds to the total cost of ownership (TCO). This results in an increase in the overall cost of the equipment over its useful life. The overall value chain for the instruments is lengthy and can also add to the total cost. All these factors are expected to have a negative impact on the market during the forecast period.
Key Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the capillary zone electrophoresis segment will be significant during the forecast period. Capillary zone electrophoresis is carried out in a capillary tube in a vertical or horizontal plane using a polymer liquid with a standard pore size. Capillary zone electrophoresis is used for the determination of ascorbic acid and biotin in vitamin mixtures.
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The capillary zone electrophoresis segment showed a gradual increase in the market share of USD 402.66 million in 2017 and continued to grow by 2021. The market growth in the segment will be significant during the forecast period. The capillary zone electrophoresis method was developed to determine vitamin mixtures with thiamine, nicotinamide, and nicotinic acid. Capillary zone electrophoresis applications range from the determination of small inorganic ions to the characterization of high-molecular-weight biomolecules and even particles and intact cells.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the regional market is driven by the increasing adoption of highly advanced techniques by the pharmaceutical and biotechnology industries. Additionally, the growing presence of regional and global companies and research grants from government and non-profit organizations for medical research will drive the growth of the market in North America.
The presence of key companies in the region, such as Agilent Technologies, PerkinElmer Inc., Danaher Corp., and Thermo Fisher Scientific, significantly contributes to the growth of the market. Companies in this region focus on offering new innovative products that have the capability of complying with the standards set for specific end-users. For instance, in September 2020, Promega Corp. launched a benchtop instrument, the Spectrum Compact CE System, developed in collaboration with Hitachi High-Tech. The system is an integrated DNA analysis instrument that enables researchers in laboratories to perform Sanger sequencing and fragment analysis. Such product launches in the region by key companies will drive the growth of the market in the region.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market experiences growth propelled by research studies and industry trend analyses highlighting its efficiency in various applications. With pricing and patent analyses driving innovation, key stakeholders in clinical labs, forensic labs, and research labs exhibit distinct buying behaviors. Safety concerns drive demand for electrophoresis reagents, particularly in personalized medicine initiatives, fostering industry-academia research collaborations. Capillary electrophoresis plays a crucial role in proteomic and genomic research, diagnosis of diseases, and quality control of drugs, especially in oncology. Market segments include academic and research institutes, hospitals, diagnostic centers, and pharmaceutical companies, supported by government initiatives and public-private partnerships. Key players like AES, Thermo Fisher Scientific, and Danaher Corporation contribute to the market's growth through advanced technologies like the Applied Biosystems SeqStudio Flex Series Genetic Analyzer, enhancing procedural efficiency in gene editing and infectious disease research.
Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.7% |
Market growth 2023-2027 |
USD 295.55 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.1 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 35% |
Key countries |
US, China, Japan, France, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agilent Technologies Inc., Bio Rad Laboratories Inc., Bio Techne Corp., BiOptic Jiangsu BIO TECH. Inc., Cleaver Scientific Ltd., Danaher Corp., Helena Laboratories Corp., LABGENE Scientific SA, Lumex Instruments, Merck KGaA, PerkinElmer Inc., Prince Technologies B.V., Promega Corp., QIAGEN NV, Sartorius AG, SEBIA SA, SERVA Electrophoresis GmbH, Sysmex Nederland B.V., Thermo Fisher Scientific Inc., and WynSep |
Market dynamics |
Parent market analysis, Market forecasting, market growth and trends, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technique
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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