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Western Blotting Market To Witness High Growth On Account Of Rising High Demand For Personalized Medicine By 2025: Grand View Research, Inc.

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Western Blotting Market To Witness High Growth On Account Of Rising High Demand For Personalized Medicine By 2025: Grand View Research, Inc.

October 08
18:25 2018

Grand View Research, Inc. – Market Research And Consulting.
The global western blotting market is anticipated to reach a value of USD 958.4 millionby 2025, according to report by Grand View Research, Inc. Rising number of cases with HIV are increasingly contributing towards the growth of western blotting market.

The western blotting market can be segregated on the basis of product, application, end-use, and region. Growing requirement for effective tests to diagnose human immunodeficiency virus (HIV) in humans is anticipated to propel demand for western blotting. These tests are likely to offer greater accuracy in detecting HIV antibodies in patient’s blood over enzyme-linked immunosorbent assay (ELISA) tests. However, healthcare professionals do prescribe ELISA at first attempt to screen HIV. But, western blot can further help in confirming prevalence of HIV infection in patient’s body. Although, this testing tool is expected to be complicated as compared to ELISA. It can deliver more effective and accurate results in detecting HIV virus.

Increasing use of western blot tests to diagnose Lyme disease with greater and specificity can augment growth of market. Growing R&D investments from biotechnology and pharmaceutical companies, which includes R&D activities requiring western blot tests can fuel market growth. Favorable initiatives from governments worldwide and funding for research in academic institutes is anticipated to influence growth of market. High demand for personalized medicine can fuel market growth during the forecast period (2014 to 2025).

The western blotting market can be segregated on the basis of product, application, end-use, and region. Based on product, the market can be categorized into consumables and instruments. In 2016, consumables segment dominated the market and accounted for largest market share. Growing prevalence of target diseases requiring western blotting for research and diagnosis can fuel growth of segment. In addition, consumables are likely to have widespread usage in western blotting techniques.

Full Research Report On Western Blotting Market Analysis: www.grandviewresearch.com/industry-analysis/western-blotting-market

U.S. western blotting market, by product, 2014 – 2025 (USD Million)

U.S. western blotting market, by product, 2014 - 2025 (USD Million)

On the contrary, instruments segment is predicted to witness significant growth during the forecast period owing to availability of automated instruments for conducting western blot. This is likely to help in facilitating rapid diagnostics of chronic diseases.

Based on application, the market can be classified into agriculture, disease diagnostics, biomedical & biochemical research, and others. In 2016, biomedical & biochemical research dominated the market and accounted for largest market share. Growing number of R&D activities being conducted coupled with increasing investments from governments worldwide in research related to proteomics can fuel market growth.

On the contrary, disease segment is estimated to grow fast during the forecast period owing to rising incidence and prevalence of target diseases such as Lyme disease, human immunodeficiency virus (HIV), and Hepatitis B infection.

Based on end-use, the market can be divided into pharmaceutical & biotechnology companies, academic & research institutes, diagnostic centers, and others. In 2016, academic and research institutes dominated the market and accounted for largest market share. Rising number of R&D activities conducted by academic institutes and research centers can fuel market growth. In addition, these activities are likely to be supported by government funding. This, in turn can boost revenue share over the forecast period.

Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices

North America western blotting market share, by application, 2016

North America western blotting market share, by application, 2016

Pharmaceutical & biotechnology companies are predicted to witness lucrative growth during the forecast period attributed to increasing R&D investments by these companies with respect to drug discovery and development can fuel growth. 

Regional segmentation includes Europe, Asia Pacific, Latin America, Middle East & Africa, and North America. In 2015, North America dominated the market and accounted for largest market share. Increasing use of genetically modified crops in United States (U.S.) can fuel market growth. In addition, huge fund generation by government in R&D activities can drive growth of market during the forecast period.

In Asia Pacific, the market is predicted to witness lucrative growth during the forecast period. Growing prevalence of HIV in India and rising R&D investments by Indian government in the field of agriculture can fuel market growth. Moreover, growth of biotechnology sector in China and India can stimulate growth of market in the region over next few years.

Some of the leading companies offering western blotting are Bio-Techne Corporation; GE Healthcare; Merck KGaA; Bio-Rad Laboratories, Inc.; F. Hoffmann-La Roche Ltd.; and Cell Signaling Technology. Most companies are expected to focus on R&D activities to develop new and innovative products. This, in can support companies in expanding their product portfolio and maintain competitive edge over others. In addition, companies are likely to get involved in business strategies such as mergers and acquisitions to expand their reach.

Grand View Research has segmented the western blotting market on the basis of product, application, end-use and region:

Western Blotting Product Outlook (Revenue, USD Million; 2014 – 2025)

  • Instruments                      

    • Gel Electrophoresis Instruments 

    • Blotting Systems  

      • Semi-Dry Blotting Instruments

      • Wet Blotting Instruments

    • Imagers    

      • Chemiluminescent Imagers

      • Fluorescent Imagers

      • Others

  • Consumables                   

    • Reagents  

    • Kits           

    • Others      

Western Blotting Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Biomedical & Biochemical Research

  • Disease Diagnostics

  • Agriculture

  • Others

Western Blotting End-Use Outlook (Revenue, USD Million; 2014 – 2025)

  • Academic & Research Institutes

  • Pharmaceutical & Biotechnology Companies

  • Diagnostic Centers

  • Others

Western Blotting Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
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City: San Francisco
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Country: United States
Website: www.grandviewresearch.com/industry-analysis/western-blotting-market

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