Western Blotting Market to Garner $ 638.82 Million by 2027 | 5.2% CAGR - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners
According to a new market research study titled ‘Western Blotting Market to 2027 – Global Analysis and Forecasts by Product, Application, End User and Geography. The global western blotting market is expected to reach US$ 992.55 Mn in 2027 from US$ 638.82 Mn in 2018. The market is estimated to grow with a CAGR of 5.2% from 2019-2027. The market is likely to grow due to the extensive use of western blotting as an important tool for protein identification. It is widely used for the various biotechnology applications in various sectors such as medical, food, agriculture and others.
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Western blotting also known as protein blotting and immunoblotting, is a core technique used in cell and molecular biology. This process is used to detect the presence of a particular protein in a complex solution that has been extracted from cells. Western blotting is being used widely to confirm gene expression, demonstrate antibody specificity, diagnose diseases, and detect post translational modifications. Proteins are separated by gel electrophoresis based on molecular weight of proteins.
Global western blotting market was segmented by product, application and end user. The product segment was segmented into instruments and consumables. The instrument segment was further divided into imagers, gel electrophoresis instruments and blotting systems. Like consumables were classified as kits, reagents and others. Based on the application the market was segmented as biomedical & biochemical research, agriculture, and others. Similarly based on the end user the market is segmented as biotechnological & pharmaceutical companies, diagnostic laboratories, academic & research institutes and others. Among the application segment biomedical & biochemical research segment held the largest share of 66.49% for the western blotting market. It also expected that the segment will continue its dominancy during the forecast period.
The major players operating in the western blotting market, Thermo Fisher Scientific Inc., Merck KGaA, GENERAL ELECTRIC, Cell Signaling Technology, Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., LI-COR, Inc., OriGene Technologies, Inc., Rockland Immunochemicals Inc., and Abcam plc among the others.
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