Global Western
Blotting Market is anticipated to reach a value of USD 958.4 million by
2025, according to a new report by Grand View Research, Inc. Rising number
of cases with HIV are increasingly contributing towards the growth of Western Blotting Market. This kind of testing is highly effective in detecting HIV
among people. According to UNAIDS, nearly 36.7 million people were living with
HIV throughout the world in 2015. Such high prevalence of HIV is expected to
accelerate the demand for products used in western blotting. Lyme diseases also
require western blotting to detect Borrelia burgdorferi (Bb),
which causes such diseases. Other diseases which require western blot for
detection of specific proteins include mad cow disease, hepatitis, and feline
immunodeficiency.
Moreover, significant investments in R&D activities made by pharmaceutical and biotechnology companies are expected to foster growth of western blotting market. According to a news journal, biotech companies spent USD 40.1 billion in 2015 on R&D activities, which was a 16% rise from their 2014 investments. Hence, with rising number of R&D activities, there is an expected rise in the demand for western blotting tests in the near future.
Access of Full Research Report on Western Blotting Market: http://www.grandviewresearch.com/industry-analysis/western-blotting-market
Further key findings from the study suggest:
- In
2016, consumables segment held the largest market share and is also
expected to exhibit fastest growth over the forecast period owing to
rising diagnostic and research-based activities requiring western blotting
- Amongst
the application segment, biomedical & biochemical research contributed
towards the largest revenue share in 2016 due to increasing government
spending in proteomics research
- The
disease diagnostics segment is anticipated to witness highest CAGR over
the forecast period due to rising epidemiology of HIV, Lyme, and other
related diseases
- Amongst
the end-use segment, such as academic & research institutes dominated
the market in 2016 owing to growing number of research activities
conducted by educational institutions supported by government funding
- The
pharmaceutical and biotechnology companies are expected to grow at a
significant CAGR over the forecast period due to increasing R&D
spending by such companies
- Some
of the key players are Bio-Rad Laboratories, Inc., Thermo Fisher
Scientific, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, LI-COR
Biosciences, Bio-Techne Corporation, PerkinElmer, Inc., and Merck KGaA.
View more reports
from This Category: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Global 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
View Our Blog on Western
Blotting Market Analysis: http://www.grandviewresearch.com/blog/western-blotting-market-size-share
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.
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.
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