Protein Electrophoresis Market: Global Industry Analysis and Forecast (2023-2029)

Protein Electrophoresis Market size was valued at US$ 2.85 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7% through 2023 to 2029, reaching nearly US$ 4.58 Bn.
Protein Electrophoresis Market Overview:
The Protein Electrophoresis Market is expected to reach US$ 4.58 Bn. by 2029. Protein electrophoresis is a blood test that detects certain proteins. The test uses an electrical charge to separate proteins in the blood. The protein electrophoresis test is frequently used to detect abnormal M proteins. The presence of M proteins can indicate the existence of myeloma, or multiple myeloma, a type of malignancy. In the bone marrow, myeloma affects plasma cells, which are white blood cells. Other proteins and antibodies are also tested using protein electrophoresis (immunoglobulins).



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Protein Electrophoresis Market Dynamics:
The increase in the prevalence of chronic diseases such as cancer is expected to drive the growth of the protein electrophoresis market during the forecast period. Protein electrophoresis tests are used to detect abnormal substances known as M proteins, whose presence indicates the presence of myeloma or multiple myeloma malignancy, which has boosted the need for protein electrophoresis tests in diagnostics industry.

Due to an aging population, bad eating habits, and increased obesity, the prevalence of diseases such as cancer and cardiovascular disease is fast increasing over the world. According to the American Heart Association, cardiovascular diseases cause 17.3 million deaths per year, which is more than cancer.

The demand for diagnostic tests like protein electrophoresis has increased as a result of these factors. In research laboratories, protein electrophoresis is widely used. Another factor driving protein electrophoresis utilization is the growth in clinical, forensic, and research laboratories, which is driving up market demand.

One of the most extensively utilized technologies in research is protein electrophoresis. Few people remember the beginnings of this omnipresent equipment, which is now so widespread in labs. No other approach delivers as much information on a sample's purity and the sizes of its constituents in as little time and with as little work and capital investment. Although the core physics and technique of electrophoretic analysis haven't changed much in the previous 30 years, the emergence of low-cost, easy-to-use and dependable commercial equipment has dramatically improved protein electrophoresis resolution, accuracy, and reproducibility. Mini format gel systems and precast gels, such as Bio-Rad's PROTEAN® and Criterion™ product lines, which can resolve 5–250 kD proteins, are two good examples.

The incidence rate of multiple myeloma diagnoses among males was reached at 10.9 per 100,000 by 2020. Cancer is one of the main causes of death in Canada, with over half of all people developing the disease at some point in their lives.
Protein Electrophoresis Market Segment Analysis:
Based on the Technique, the market is segmented into SDS-PAGE, Native PAGE, 1-D PAGE, and 2-D PAGE. SDS-PAGE technique segment is expected to hold the largest market share of xx% by 2029. This is due to the SDS-PAGE (Sodium Dodecyl Sulfate-Polyacryl Amide Gel Electrophoresis) can determine the size and amount of protein in a blood sample, it can be used in a variety of clinical diagnoses and procedures. The SDS-PAGE method is capable of producing excellent results in measuring protein purity and degree of expression, immunoblotting, protein sequencing preparation, and antibody generation.

SDS-PAGE in forensics, genetics, and biotechnology, and molecular biological laboratories, electrophoresis is commonly required to extract protein molecules based on their electrophoretic mobility, which allows for a quick conclusion. As a result, it gives a detailed examination of protein size, as well as a comparison of polypeptide composition from various forms. SDS-PAGE has diagnostic uses in HIV tests, such as separating proteins and analyzing post-translational changes. These are the factor that is expected to drive the growth of the SDS-PAGE technique segment in the protein electrophoresis market during the forecast period.



Based on the Gel, the market is segmented into Agarose Gel Electrophoresis and Polyacrylamide Gel Electrophoresis. The Agarose Gel Electrophoresis segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. In the field of biotechnology, agarose gel electrophoresis is a common method. This simplest but exact analytical approach is commonly applied in research, biomedical, and forensic laboratories, as well as for biotechnology institutes. Due to these factors, Agarose gel electrophoresis is expected to drive the growth of the protein electrophoresis market. Purification of DNA, which uses Agarose gel electrophoresis to measure the quality and quantity of DNA, is driving the global market during the forecast period.

Based on the Application, the market is segmented into Research, Diagnostics, and Quality control & Process validation. The research segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Protein Electrophoresis is becoming more widely used in the fields of drug discovery, proteomics, genomics, and antibody research. Furthermore, the utilization of electrophoresis systems and consumables is growing due to increased research in the fields of biomarker discovery and NGS.
Protein Electrophoresis Market Regional Insights:
North America region is expected to dominate the Protein Electrophoresis Market during the forecast period 2023-2029. North America region is expected to hold the largest market share of xx% by 2029. The adoption of newer delivery models in laboratory diagnostics and the transformation of the health sector in the region is expected to drive the protein electrophoresis market growth during the forecast period. To bring the North American healthcare industry up to a level with developed countries, large expenditures are required for the use of modern technologies and professional training while keeping costs low. Professionals utilize protein electrophoresis to maintain diagnosis and testing result standards, which helps to boost the growth of the market in this region.

During the forecast period, the protein electrophoresis market in North America is expected to be driven by an increase in the geriatric population and an increase in the number of patients with chronic diseases caused by inherited conditions.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to an increase in proteomics and genomics research, pharmaceutical and biotechnology company investments, increased awareness of personalized therapies, and increased research activity in the field of mAb-based therapeutics in the Asia Pacific region.

The objective of the report is to present a comprehensive analysis of the Global Protein Electrophoresis Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Protein Electrophoresis Market dynamic, structure by analyzing the market segments and projecting the Global Protein Electrophoresis Market size. Clear representation of competitive analysis of key players by Technique, price, financial position, product portfolio, growth strategies, and regional presence in the Global Protein Electrophoresis Market make the report investor’s guide.
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Protein Electrophoresis Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.85 Bn.


Forecast Period 2023 to 2029 CAGR:
7%
Market Size in 2029:
US $ 4.58 Bn.


 Segments Covered:
by Technique
SDS-PAGE
Native PAGE
1-D PAGE
2-D PAGE


by Gel
Agarose Gel Electrophoresis
Polyacrylamide Gel Electrophoresis


by Application
Research
Diagnostics
Quality control & Process validation


by End-User
Hospitals & Diagnostics
Academic & Research Institutes
Pharmaceutical & Biotechnology Companies
Other end users (Forensic Laboratories and Food Safety)



Protein Electrophoresis Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Protein Electrophoresis Market Key Players
1. Thermo Fisher Scientific
2. Bio-Rad Laboratories
3. Merck Group
4. Agilent Technologies
5. Danaher Corporation
6. GE Healthcare
7. PerkinElmer
8. QIAGEN N.V.
9. Harvard Bioscience
10. Shimadzu Corporation
11. Lonza Group
12. Sebia Group
13. C.B.S. Scientific Company
14. Helena Laboratories
15. Takara Bio
16. Syngene
17. Teledyne Technologies
18. VWR International
19. Analytik Jena
20. TBG Diagnostics Ltd.

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Protein Electrophoresis Market?
Ans. North America is expected to hold the highest share in the Protein Electrophoresis Market.

2] Who are the top key players in the Protein Electrophoresis Market?
Ans. Thermo Fisher Scientific, Bio-Rad Laboratories, Merck Group, Agilent Technologies, Danaher Corporation, and GE Healthcare are the top key players in the Protein Electrophoresis Market.

3] Which segment is expected to hold the largest market share in the Protein Electrophoresis market by 2029?
Ans. SDS-PAGE technique segment is expected to hold the largest market share in the Protein Electrophoresis Market by 2029.

4] What is the market size of the Protein Electrophoresis market by 2029?
Ans. The market size of the Protein Electrophoresis Market is expected to reach US $4.58 Bn. by 2029.

5] What was the market size of the Protein Electrophoresis market in 2022?
Ans. The market size of the Protein Electrophoresis Market was worth US $2.85 Bn. in 2022.