Overview of the global blotting systems market
Market research analysts at Technavio predict that the global blotting systems market will grow steadily at a CAGR of around 5% by 2021. This market research analysis identifies the increased utilization of proteomics as one of the primary growth factors for this market. The field of proteomics is the study of all proteins produced by an individual. Proteomics uses western blotting to identify proteins. It simplifies the identification process and functional analysis of proteins along with cell signaling molecules. Moreover, western blotting also examines the differential expression and post-translational modifications, including glycosylation and phosphorylation or dephosphorylation activity. Subsequent rise in the R&D investments is observed for high-throughput proteomic technologies particularly in mass spectrometry-based methods and microarrays to develop reliable and accurate solutions. This has resulted in an increase in the usage of blotting assays, creating a high demand for blotting instruments and consumables.
The rise in popularity of digital blotting imaging techniques is one of the latest trends that will contribute to the growth of the market in the future. Benefits such as eco-friendliness and the capability of imaging fluorescent blots is driving the adoption of digital blotting in laboratories and pharmaceutical and biotechnology companies. Additionally, the reduction in operational costs, the time benefits, and the presence of digital documentation of the procedure, will also increase the market growth.
Competitive landscape and key vendors
The blotting systems market is characterized by the presence of diversified international and regional vendors. With the international players constantly expanding their presence, the regional players are finding it difficult to compete with them especially in terms of quality, pricing, market reach, and financial resources. The competitive environment in this market will intensify further with an increase in product/service extensions, product innovations, and M&A activities.
The leading vendors in the market are -
- Bio-Rad Laboratories
- GE Healthcare
- Merck Millipore
- Thermo Fisher Scientific
The other prominent vendors in the market are Abcam, Advansta, AMRESCO, Azure Biosystems, Cell Signaling Technology, Cygnus Technologies, KOMABIOTECH, SeraCare, LI-COR, Lumigen, PerkinElmer, ProteinSimple, and Rockland Immunochemicals.
Segmentation by end-user and analysis of the blotting systems market
- Hospitals and diagnostic laboratories
- Academic and research institutes
- Pharmaceutical and biotechnology companies
During 2016, the pharmaceutical and biotechnology companies accounted for the major shares of the blotting systems market. Factors such as the rise in quality checks for drug discovery and the growing preference for personalized medicines will contribute to the growth of this market segment in the coming years. Moreover, the increase in funding and investments by the governments and private sectors in these companies will also propel the segment’s growth in this global market.
Geographical segmentation and analysis of the blotting systems market
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. The increased occurrence of HIV/AIDS and numerous awareness programs to deal with HIV/AIDS cases in the region presents significant growth opportunities for manufacturers of blotting instruments and consumables. In addition, the increase in funding and research activities for the prevention of HIV infections in the region will also boost the market’s growth prospects.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global blotting systems market?
- What are the key market trends impacting the growth of the global blotting systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global blotting systems market?
- What are the market opportunities and threats faced by the vendors in the global blotting systems market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global blotting systems market?
Technavio also offers customization on reports based on specific client requirement.
Blotting system is used to detect specific nucleic acids from a collection of proteins. Our market research experts have predicted that the rise in HIV cases has driven the growth of blotting systems market. By analyzing emerging trends in customer behavior, growth potential, and market challenges, the team of industry research analysts at Technavio furnishes an expansive portfolio of industry research reports on the various aspects of the lab equipment sector, which is an essential part of the new research areas industry.
To determine the lab equipment industry’s growth prospects, research analysts at Technavio follow a combination of quantitative and qualitative research techniques and also consider factors such as the market size and the demand for various products globally. By examining detailed information on several factors like the uncertain changing consumer behavior and the products offered by prominent vendors across the globe, our upcoming market research report on the global blotting systems market for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape for the lab equipment sector. Technavio also offers personalized market research reports based on the specific necessities of the clients and support businesses to optimize their market presence.
This upcoming industry research report on the global blotting systems market also considers the growth of related markets such as chiral chromatography column, which is expected to grow at a CAGR of more than 5% by 2021. The upcoming industry research report for global blotting systems market also identifies the primary drivers, key trends, and the critical challenges currently experienced by the lab equipment sector. It also offers competitive analysis to give a holistic picture of the category spend intelligence.