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.
The increase in global incidence of infectious diseases as well as genetic disorders and growth in funding for research and developments in the process of electrophoresis as well as the fields of genomics and proteomics are anticipated to lead to the growth of gel imaging documentation market in the upcoming years. On the other hand, advancements of technology with increasing productivity and reduced time in gel documentation system and various other growth opportunities in emerging economies are expected to provide a broad range of opportunities for the key players present in the market. The global gel imaging documentation market is anticipated to record a significant CAGR over the forecast period, i.e. 2020-2028. The market is segmented by light source into light-emitting diodes, laser and UV, out of which, light-emitting diodes segment is anticipated to hold the largest market share owing to the ease of use and economic nature of LEDs. Additionally, it covers a large range of visible spectrum wavelengths and hence it is preferred over other light sources.
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Base Year |
2024 |
Forecast Year |
2025-2037 |
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Base Year Market Size (2024) |
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Forecast Year Market Size (2037) |
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Author Credits: Radhika Pawar
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