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Market Overview:
Western blotting is a technique used to detect specific proteins in a given sample of tissue homogenate or extract. It uses gel electrophoresis to separate native or denatured proteins by the length of the polypeptide chain. The separated proteins are then transferred to a membrane, where they are stained with antibodies specific to the target protein or otherwise detected. Western blotting allows researchers to estimate the molecular weights of proteins and determine the purity or presence of target proteins in complex protein mixtures or whole cell or tissue lysates.
The western blotting market is estimated to be valued at US$ 759.5 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Western blotting market growth is driven by increasing applications of western blotting in drug development and research. Western blotting helps in understanding the mechanism of action of new drugs being developed for various therapeutic areas such as oncology. It enables researchers to identify the drug target proteins or biomarkers. Furthermore, rising prevalence of chronic diseases such as cancer is also increasing research activities in biotechnology and pharmaceutical industries, fuelling demand for western blotting. However, limitations of western blotting technique such as lack of quantification, difficulty in transfer of larger proteins, and requirement of multiple antibody incubation steps are some of the factors expected to hinder market growth over the forecast period.
Segment Analysis
Western blotting market is dominated by the consumables segment. The consumables segment accounts for the major share in the global western blotting market as it needs to be frequently replaced for each test. The consumables segment includes primary antibodies, secondary antibodies, reagents, which are extensively used during the western blotting process. Due to the frequent use and replacement of these consumables as per the number of tests performed, the consumables segment registers high sales.
PEST Analysis
Political: Government funding for research and development activities involving western blotting techniques will promote market growth. Many government bodies support disease research which requires western blotting tests.
Economic: Rising per capita healthcare expenditure will fuel western blotting market expansion. Growing economies offer scope for market penetration.
Social: Increasing incidence of HIV/AIDS, cancer and other diseases demands greater screening and diagnosis, benefiting western blotting usage. Growing patient awareness about disease diagnosis aids market growth.
Technological: Advances in fluorescent and chemiluminescent detection methods have improved western blotting sensitivity and efficiency. Automated western blotting systems offer enhanced throughput and reproducibility of results.
Key Takeaways
The global Western Blotting Market is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing research activity in the fields of proteomics and drug discovery.
On the regional front, North America dominates the global western blotting market and is expected to continue leading over the forecast period. This is attributed to increasing R&D investment, expanding biopharmaceutical industry and proteomics research in the region.
Key players operating in the western blotting market are 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. The key players focus on new product launches, partnerships and geographic expansions to consolidate their market presence..
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
