Growth Drivers
Increase In The Incidence Of Genetic Disorders As Well As Infectious Diseases Worldwide
The worldwide incidences of various genetic disorders and other disease are growing rapidly and owing to this fact, the demand for techniques of genomic analysis such as electrophoresis and others continue to rise. This technique is basically used for diagnosing major genetic disorders or infectious diseases and detecting various generic mutations owing to its proven intended results. On the back of this, the market for gel documentation systems is predicted to observe a substantial growth in future.
Emerging Economies And Growth Opportunities To Drive The Market Growth
Electrophoresis and quantitative polymerase chain reaction are the two types of techniques that are majorly used for protein and nucleic acid qualitative and quantitative studies. Out of these, electrophoresis is cheaper as well as easier to use as compared to qPCR as the latter requires skilled professionals to run a particular sample. The factor of cost is extremely important in emerging economies where government funding and research and development expenditures in pharmaceutical companies and research institutes are limited. These factors, in turn, are projected to result in the growth of gel documentation systems market.
Challenges
Increasing Adoption Of Quantitative Polymerase Chain Reaction
The adoption of quantitative polymerase chain reaction is rising significantly in genomic applications. This is estimated to attribute towards the technological advancements in qPCR. Besides, qPCR offers more quantitative data in a specific way when compared to electrophoresis, owing to which, the demand for qPCR is rising in the forensics, medicine, biotechnology, basic research and diagnostic segments. The qPCR also provides an analysis of gene expression, RNA, genetic variation and SNP in a better way than electrophoresis, making it a better alternative that can be used in several fields. Due to this, the electrophoresis market growth is estimated to hamper, which in turn, is predicted to affect the growth of all the related markets, including gel documentation systems market.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
3.8% |
Base Year Market Size (2023) |
USD 323.47 million |
Forecast Year Market Size (2036) |
USD 525.29 million |
Regional Scope |
|
Author Credits: Radhika Pawar
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