Western Blotting Market Sale to hit US$ 1.4 Billion by 2026 and expand at a CAGR of 6.7 %, says MarketsandMarkets™
According to the new market research report "Western Blotting Market by Product, (Consumables (Antibody), Instrument (Electrophoresis, Blotting System, Imager (Fluorescent))), Application (Biomedical, Clinical Diagnostics), End User (Research Institute, Hospital, Biopharma) - Global Forecast to 2026", published by MarketsandMarkets™, the global Western Blotting Market is projected to reach USD 1.4 billion by 2026 from USD 1.0 billion in 2021, at a CAGR of 6.7% during the forecast period.
The market is driven by the rising prevalence of chronic diseases such as cancer, HIV, and others, along with the growing demand for novel drug therapies.
Western blotting is a laboratory technique used for the detection and identification of proteins. It is used in medical research and diagnostics, and is considered to be one of the most reliable tools for protein identification. It is also used in biotechnological and pharmaceutical industries to detect and analyze proteins.
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The growing demand for protein-based biopharmaceuticals is expected to drive the growth of the global Western Blotting Market in the forecast period. The rising prevalence of chronic diseases, such as cancer and HIV, is also expected to contribute to the market growth. Additionally, the increasing government initiatives to support research in the field of proteomics is anticipated to propel the growth of the market.
However, the availability of alternative techniques, such as ELISA and PCR, is likely to restrain the growth of the market.
Key Market Players:
Some of the leading players operating in the western blotting market are Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific (US), Danaher Corporation (US), Bio-Techne Corporation (US), and Merck KGaA (Germany).
BIO-RAD LABORATORIES, INC. (US)
Bio-Rad Laboratories is a leading player in the western blotting market. The company is a leading manufacturer and supplier of products and systems to separate, detect, analyze, and purify complex biological and chemical materials. The company’s leading position in the market can be attributed to its wide customer base. Bio-Rad, with its ~8,000 employees, serves a wide and diversified customer base that includes universities and research institutes, supporting about 150,000 scientists in the US; companies operating in the pharmaceutical, biotechnology, chemical, and food industries; diagnostic manufacturers; and commercial laboratories and hospitals.
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The global Western Blotting Market is segmented based on product, end user, application, and region.
Western Blotting Market, by Product
- Consumables
- Instruments
Western Blotting Market, by Application
- Biomedical Research
- Clinical Diagnostics
- Agricultural Applications
- Other Applications
Western Blotting Market, by End User
- Academic & Research Institutes
- Biopharmaceutical & Biotechnology Companies
- Hospitals & Diagnostic Laboratories
- Other End Users
Western Blotting Market, by Region
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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