Global Western Blotting Market 2016-2020

Overview of the global western blotting market

Technavio’s market research analyst predicts that the global western blotting market will grow at a CAGR of nearly 6% during the forecast period. Western blotting, also known as protein blotting, is a technique used to identify specific amino-acid sequences in proteins. This technique is being widely used in Proteomics, which is the study of protein structure and functions. Western blotting simplifies functional analyses of proteins and is effective in understanding cell signaling molecules. It also examines the differential expression and post-translational modifications like glycosylation and phosphorylation activities. The recent increase in investments in the R&D of proteomic technologies to develop reliable and accurate solutions has led to an increase in the usage of western blotting.

In 2015, the Americas was the largest geographical segment accounting for a total market share of over 49%. With the high prevalence of HIV/AIDS, the US is expected to dominate the global western blotting market during the forecast period. Several awareness programs have been undertaken by the global organizations, providing huge funds, across regions, to deal with HIV/AIDS cases. Such initiatives will lead to the increase in medical research; thereby, leading to the growth of the western blotting market. In addition, most of the R&D centres of pharmaceutical and biotechnology companies located in this region have developed vaccinations to treat for HIV/AIDS. Furthermore, the National Institutes of Health (NIH) have allocated significant funds to the Americas to carry out research in the field of biotechnology, focusing on human health.

Competitive landscape and key vendors

The global western blotting market is characterized by the presence of many international and regional vendors. The international vendors have a strong hold over the market, making it difficult for local vendors to compete, especially in terms of quality and pricing. With the increase in the number of laboratories along with rapid technological advances, the competition between the vendors is likely to intensify during the forecast period. Furthermore, many dominant vendors are shifting their R&D and manufacturing facilities to APAC, owing to the low cost of land and labor available.

Key vendors in the market are -

• Bio-Rad Laboratories
• GE Healthcare
• Merck Millipore
• Thermo Fisher Scientific

Other prominent vendors in the market are Abcam, Advansta, AMRESCO, Azure Biosystems, Cell Signaling Technology, Cygnus, KOMA BIOTECH, KPL, Kirkegaard & Perry Laboratories, LI-COR, Lumigen, PerkinElmer, Protein Simple, Roche Diagnostics, and Rockland Immunochemicals.

Product segmentation and analysis of the western blotting market

• Consumables
• Instruments

The consumables segment is expected to dominate the western blotting market during the forecast period and is estimated to be valued at about USD 481 million by 2020. The repeated purchase of reagents by various end users like diagnostic laboratories have resulted in the steady growth of the market. Also, the rapid technological advances related to manual and fully-automated western blot instruments have led to the high demand for reagents to detect proteins with high sensitivity and stability.

Segmentation by end user and analysis of the western blotting market

• Academic and research institutes
• Diagnostics
• Pharmaceutical and biotechnology companies

The pharmaceutical and biotechnology company segment is dominated the western blotting market during the forecast period and accounted for a total market share of more than 43% in 2015. The western blotting technique is widely used in fields like food and beverage and agriculture, which allows the pharmaceutical and biotechnology companies to make high investments on R&D. For instance, Teva Pharmaceuticals and Biogen focus on developing drugs using western blotting testing.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global western blotting market?
• What are the key market trends impacting the growth of the global western blotting market?
• What are the challenges to market growth?
• Who are the key vendors in the global western blotting market?
• What are the market opportunities and threats faced by the vendors in the global western blotting
• 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 western blotting market?

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