Enjoy complimentary customisation on priority with our Enterprise License!
The gel documentation systems market size is estimated to grow at a CAGR of 3.58% between 2022 and 2027. The gel documentation systems market size is forecast to increase by USD 52.21 million. The growth of the market depends on several factors, including the increase in the use of molecular biology techniques in clinical practice, the rise in automation in the healthcare industry, and increasing healthcare expenditure
This market report extensively covers market segmentation by product (instruments, software, and accessories), end-user (hospitals and diagnostic centers, pharma and biotech companies, and academic and research institutes), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Gel Documentation Systems Market Research Report Sample PDF
Increasing healthcare expenditure is notably driving the market growth, although factors such as the high cost of instruments may impede the market growth. 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.
Increasing healthcare expenditure is notably driving market growth. The rising prevalence of infectious diseases and the growing disposable income of consumers have increased the spending on healthcare across the world. Besides, the growing awareness of the need for the early management of infectious and chronic diseases among people has made them look for timely medical help.
The expenditure on healthcare is generally higher in developed countries. Emerging markets, such as China, India, and Brazil, are also witnessing a favorable increase in healthcare spending due to the rising disposable income of the people. Healthcare expenditure in China is expected to grow at an average of 8.4 % annually and reach USD 2,297.3 billion by 2035, from around USD 508.9 billion in 2014. In the US, the FY 2022 budget proposed USD 131.8 billion in discretionary budget authority and USD 1.5 trillion in mandatory funding. Such an increase in healthcare expenditure is expected to drive the global gel documentation systems market during the forecast period.
Increasing patient awareness on the importance of early diagnosis is an emerging trend in the market. Many organizations across the world are developing initiatives to highlight the importance of early diagnosis along with key measures for a patient to opt for a successful diagnosis. For instance, the National Awareness and Early Diagnosis Initiative (NAEDI), led by Cancer Research UK and the Department of Health aims to provide local interventions to increase public awareness of the signs and symptoms of cancer and encourage patients to seek medical help early.
Such initiatives are encouraging many patients to undergo early diagnosis of diseases, which is pivotal for planning treatment and for the development of personalized medicine. All these factors are expected to have a positive impact on the growth of the global gel documentation systems market during the forecast period.
The high cost of instruments is a major challenge impeding market growth. Gel documentation systems are expensive to procure and maintain. On average, the price of a gel documentation systems device ranges from USD 1000 - USD 4,000. For a standard gel documentation system, the cost of maintenance, service, and repair increases the total cost of ownership, making gel documentation systems devices more expensive during their lifetime.
The maintenance costs of these devices are high, as these devices experience changes in temperature and undergo mechanical stress. Regular maintenance of the instruments is a necessity, as they have specific performance criteria that deliver accurate results. In addition, these instruments must be used as per the guidelines provided to avoid any sort of contamination with microorganisms. Such challenges are hindering the growth of the market in focus.
The gel documentation systems market research 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 Gel Documentation Systems Market Customer Landscape
Vendors 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 gel documentation systems market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the instruments segment will be significant during the forecast period. Gel documentation systems or instruments serve as enclosed darkrooms to block external light from entering the inside. These instruments are used to image gels, tissues, arrays, and more.
Get a glance at the market contribution of various segments Request Market Research Report Sample PDF
The instruments segment showed a gradual increase in the market share of USD 110.77 million in 2017 and continued to grow by 2021. Gel documentation systems or instruments are used for the detection, quantitation, and analysis of proteins and nucleic acids in gels and on membranes. Their increasing application in hospitals and diagnostic centers for various research procedures will drive the growth of the segment and, in turn, the market in focus during the forecast period.
For more insights on the market share of various regions Request Market Research Report Sample PDF
North America is estimated to contribute 37% 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 molecular diagnostics market is growing at a steady rate in North America. The molecular diagnostics space in the region is generating huge interest from corporate giants, as these companies can expand their presence in the healthcare market through acquisitions or explore newer avenues for revenue generation.
Additionally, the large number of genetic tests that are available for a range of conditions and the high rate at which newer genetic tests are being developed in this region indicates that the market will continue to grow during the forecast period as most of these tests where DNA or protein analysis is required, a gel documentation system will be used.
The gel documentation systems market research 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. T
Gel Documentation Systems Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.58% |
Market growth 2023-2027 |
USD 52.21 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.5 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ATTO Corporation, Azure Biosystems Inc., Bio Rad Laboratories Inc., Bio Techne Corp., Carestream Health Inc, Cleaver Scientific Ltd., Clinx Science Instruments Co. Ltd., Corning Inc., Endress Hauser Group Services AG, Gel Co. Inc, General Electric Co., GOLD SIM International Group Co. Ltd., Isogen Life Science BV, LI COR Inc., Royal Bio Tech, SDI Group plc, Thermo Fisher Scientific Inc., Vilber Lourmat, VWR International LLC, and Wealtec Corp. |
Market dynamics |
Parent market analysis, 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 report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Request Market Research Report Sample PDF
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
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
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.