LONDON--(BUSINESS WIRE)--The global capillary electrophoresis market size is poised to grow by USD 300.97 million during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The global capillary electrophoresis market is driven by the increase in R&D expenditure. The global expenditure on R&D has witnessed consistent growth over the last 10 years. With the economies of developing countries growing faster than ever before, these countries are expected to have more research facilities and institutes being set up over the next five years. The upsurge in the number of research and testing facilities, particularly in the field of pharmaceutical and biotechnology, will lead to a rise in demand for laboratory analysis techniques and equipment such as capillary electrophoresis instruments.
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Report Highlights:
- The major capillary electrophoresis market growth came from the academic institutes and CROs segment in 2019, and it is expected to witness the fastest growth during the next five years. This is primarily because of the increased research activities for drug discovery.
- North America was the largest capillary electrophoresis market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increasing adoption of highly advanced capillary electrophoresis techniques by the pharmaceutical and biotechnology industries.
- The global capillary electrophoresis market is fragmented. Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corp., Helena Laboratories Corp., Lumex Instruments, PerkinElmer Inc., Promega Corp., QIAGEN NV, SEBIA SA, and Thermo Fisher Scientific Inc. are some of the major market participants. To help clients improve their market position, this capillary electrophoresis market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the capillary electrophoresis market 2020-2024 is expected to witness neutral growth. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.
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Increasing Popularity of Lab-on-a-Chip Technology will be a Key Market Trend
The increasing popularity of lab-on-a-chip technology is one of the latest trends that will gain traction in the global capillary electrophoresis market. This miniaturized device accommodates one or several analyses done in a lab onto a single chip and provides numerous advantages such as ergonomy, diagnostic speed, cost efficiency, and sensitivity. The technology is combined with electrophoresis and used to separate proteins and other molecules taking much lesser time to analyze compared to the conventional methods. Therefore, the plus points provided by the technology will lead to increased use of capillary electrophoresis instruments in the future, which in turn, will boost the capillary electrophoresis market size.
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Capillary Electrophoresis Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist capillary electrophoresis market growth during the next five years
- Estimation of the capillary electrophoresis market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the capillary electrophoresis market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of capillary electrophoresis market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Academic institutes and CROs - Market size and forecast 2019-2024
- Pharma and biotech companies - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendors landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Agilent Technologies Inc.
- Bio-Rad Laboratories Inc.
- Danaher Corp.
- Helena Laboratories Corp.
- Lumex Instruments
- PerkinElmer Inc.
- Promega Corp.
- QIAGEN NV
- SEBIA SA
- Thermo Fisher Scientific Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
