Western Blotting Market to Surpass US$ 1,204.9 Million by 2030, Says Coherent Market Insights (CMI)

Burlingame, May 18, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, Global Western Blotting Market is estimated to be valued at US$ 759.5 million in 2023 and is expected to exhibit a CAGR of 6.8 % during the forecast period (2023-2030).

Analysts’ Views on Global Western Blotting Market:

Adoption of western blotting in the detection of antibodies during the COVID-19 pandemic has greatly introduced an opportunity for western blot developers, which is expected to drive market growth over the forecast period. For instance, on January 10, 2023, according to a report published by ACS Publications, a journal publisher, the use of new technology called Simple Western (SW), developed by ProteinSimple, a company that develops instrumentation systems, software, and assay products, eliminates the recovery issue by performing all traditional western blot steps in a capillary. With the help of this technology, the SARS-CoV-2 Simple Western assay was developed to determine if human serum samples contained anti-SARS-CoV-2 antibodies.

Global Western Blotting Market- Driver

Increasing demand for western blotting techniques for detection of diseases

Increasing demand for western blotting techniques for the detection of diseases due to the increasing prevalence of diseases like HIV/AIDS is expected to drive market growth over the forecast period. For instance, in July 2022, according to the World Health Organization (WHO), globally, 38.4 million people were living with HIV at the end of 2021.

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Global Western Blotting Market- Restraint

Disadvantages associated with western blotting

The major factors that can hamper the growth of the global western blotting market over the forecast period include the disadvantages associated with western blotting. For instance, in May 2022, CiteAB, a life science data company, stated that although the western blotting process can be set up in almost any lab, it can be time-consuming and it may be tricky to get reliable results consistently due to the many steps involved

Global Western Blotting Market- Opportunity

Increasing research and development activities

Increasing research and development activities is expected to offer lucrative growth opportunities for players in the global western blotting market which is expected to drive the global western blotting market growth over the forecast period. For instance, in June 2022, according to a report published by National Center for Biotechnology Information (NCBI), western blotting is emerging as a new staple in scientific and biomedical research.

Global Western Blotting Market Cross Sectional Analysis:

Among application, the medical diagnostics segment is dominant during the forecast period in North America region due to the increasing use of western blotting for medical diagnosis which is expected to drive segment growth over the forecast period. For instance, in May 2021, according to Healthline Media LLC, a consumer health publisher, the western blot test is used to confirm or contest a diagnosis of HIV or Lyme disease after an ELISA antibody test comes back positive or negative.

Western Blotting Market Report Coverage

Global Western Blotting Market Segmentation:

The global western blotting market report is segmented into Product Type, Application, End User and Region

Based on Product Type, the market is segmented into electrophoresis blotting systems (automated dry blotting systems, semi-dry blotting systems, traditional wet transfer blotting systems), reagents & kits (chromogenic reagents kits, chemiluminescent reagents kits)(horseradish peroxidase (hrp) substrate, alkaline phosphatase (ap) substrate), fluorescent reagents, antibodies (primary antibody, secondary antibody), buffer kits, transfer membranes). Out of which, the electrophoresis blotting systems segment is expected to dominate the global western blotting market during the forecast period and this is due to the increase in the usage of electrophoresis blotting systems for easy detection of antibodies.

Based on Application, the western blotting market is segmented into scientific research, medical diagnostics, agricultural application, food & beverages, and other applications. Medical diagnostics segment is expected to dominate the market over the forecast period and this is attributed to the increasing prevalence of HIV for which western blotting is widely used for detection.

Based on End User, the market is segmented into diagnostic laboratories, research institutions, and pharmaceutical & biotechnology companies. Out of which, diagnostic laboratories is expected to dominate the market over the forecast period and this is attributed to the increase in the number of diagnosis for the identification of infections like HIV.

Among all segmentation, the application segment has the highest potential due to the increasing usage of western blotting for medical diagnostics. For instance, in February 2022, according to an article posted by J. Mitra & Co. Pvt. Ltd., a diagnostic equipment manufacturing company, stated that western blotting is used for the confirmatory medical diagnosis of various infectious diseases like HIV, bovine spongiform encephalopathy (BSE), hepatitis C (HCV), syphilis, and autoimmune disorders.

Global Western Blotting Market: Key Developments

Major players in the market are focused on the adoption of organic growth strategies to expand their product portfolio. For instance, in April 2021, Bio-Techne, a company that develops, manufactures, and sells life science reagents, instruments, and services for the research, diagnostic, and bioprocessing markets, announced that ProteinSimple, a Bio-Techne brand, released Abby, its next-generation chemiluminescence system that automates traditional Western blotting.

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Key Market Takeaways:

The global western blotting market is expected to exhibit a CAGR of 6.8 % during the forecast period due to the increasing usage of western blotting owing to its advantages. For instance, in February 2020, News-Medical.net, a scientific, medical, and life sciences information provider, stated that the most prominent advantage of western blotting is that it has proven to be effective at generating a signal that is proportional to the amount of the protein that exists in the sample and it is highly sensitive.

Among application, medical diagnostics segment is dominant due to the increasing prevalence of HIV, which is expected to drive the segment growth over the forecast period. For instance, in August 2022, according to the U.S. Department of Health & Human Services, there were approximately 38.4 million people across the globe with HIV in 2021.

Competitive Landscape:

Key players operating in the global western blotting market include Thermo Fisher Scientific, Inc., GE HealthCare, F. Hoffmann-La Roche Ltd, Lumigen, Inc., Merck KGaA, Bio-Rad Laboratories, Inc., LI-COR, Inc., Bio-Techne, SBH Sciences, Advansta Inc., Azure Biosystems Inc., HiMedia Laboratories., Elabscience Biotechnology Inc., GenScript, Cell Signaling Technology, Inc., ICL, Inc., Takara Bio Inc., Leinco Technologies

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Market Segmentation:

• Global Western Blotting Market, By Products Type:
  • Electrophoresis Blotting Systems
    • Automated Dry Blotting Systems
    • Semi-Dry Blotting Systems
    • Traditional Wet Transfer Blotting Systems
  • Reagents & Kits
    • Chromogenic Reagents Kits
    • Chemiluminescent Reagents Kits
      • Horseradish Peroxidase (HRP) Substrate
      • Alkaline Phosphatase (AP) Substrate
    • Fluorescent Reagents
    • Antibodies
      • Primary Antibody
      • Secondary Antibody
    • Buffer Kits
  • Transfer Membranes
• Global Western Blotting Market, By Application:
  • Scientific Research
  • Medical Diagnostics
  • Agricultural Application
  • Food & Beverages
  • Other Applications
• Global Western Blotting Market, By End User:
  • Diagnostic Laboratories
  • Research Institutions
  • Pharmaceutical & Biotechnology Companies
• Global Western Blotting Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa
        

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