(MoneyNewsWire.Net, April 14, 2018 ) The Europe Electrophoresis Market was worth $527.8 million in 2016 and estimated to be growing at a CAGR of 5.1%, to reach $676.84 million by 2021. Electrophoresis is the movement of dispersed particles relative to a fluid influenced under a uniform electric field applied spatially.
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Electrophoresis is used as immunoelectrophoresis which analyses the presence and behaviour of certain proteins. Many medical conditions result in formation of abnormal protein molecules which can be detected by immunoelectrophoresis from urine or blood samples and watching for any varience from normal qualities and types of proteins.
Factors like rising incidences of chronic diseases, cancer and genetic disorders, rising funding for electrophoresis techniques, growing focus on next generation sequencing (NGS) are driving the market forward. Growing funding for research on genomic and proteomic techniques and growing number of industry-academia research collaborations will also aid in growth of the market. But, electrophoresis techniques are time consuming operations and offer limited sample analysis and presence of alternative technologies to electrophoresis may limit the growth of market.
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The Europe market for Electrophoresis is segmented based on Product, Application and End Users. Based on Product – Gel Electrophoresis, Capillary Electrophoresis, Reagents, Geldoc and Imaging. Gel electrophoresis is further segmented to vertical and horizontal electrophoresis, Vertical is further segmented based on gel type as Agarose and Polyacrylamide. Based on Application – Diagnostic, Research, Quality Control. Based on End Users - Academic and Research Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Centers. Based on Geographical analysis the market is separated into regions of U.K., Germany, France, Italy and Spain. U.K is leading the market while Germany is at second place. Growing focus of stakeholders on research projects involving proteins, associated biomolecules and genes has helped U.K. dominate the market. Germany is expected to grow the fastest due to increasing research funding, growing proteomics and genomics techniques and rising adoption of advanced electrophoresis techniques. Reagents holds the major share in the market in terms of products while gel electrophoresis is expected to grow the fastest and academic and research institutes hold major share in terms of end users. Hospitals and diagnostic centers are expected to grow the fastest.
Some of the key players dominating this market include Bio-Rad Laboratories, GE Healthcare, Thermo Fisher Scientific Inc, Danaher Corporation, Agilent Technologies, Merck Millipore, PerkinElmer, QIAGEN N.V., Lonza Group Ltd., Shimadzu Corporation, Harvard Bioscience, Sebia Group and C.B.S. Scientific Company.
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