The global western blotting market size is expected to reach USD 1.48 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030. Rising number of cases with HIV are increasingly contributing towards the growth of market. This kind of testing is highly effective in detecting HIV among people. According to UNAIDS, nearly 36.7 million people were living with HIV throughout the world in 2015. Such high prevalence of HIV is expected to accelerate the demand for products used in western blotting. Lyme diseases also require western blotting to detect Borrelia burgdorferi (Bb), which causes such diseases. Other diseases which require western blot for detection of specific proteins include mad cow disease, hepatitis, and feline immunodeficiency.
Moreover, significant investments in R&D activities made by pharmaceutical and biotechnology companies are expected to foster growth of western blotting market. According to a news journal, biotech companies spent USD 40.1 billion in 2015 on R&D activities, which was a 16% rise from their 2014 investments. Hence, with rising number of R&D activities, there is an expected rise in the demand for western blotting tests in the near future.
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Moreover, significant investments in R&D activities made by pharmaceutical and biotechnology companies are expected to foster growth of western blotting market. According to a news journal, biotech companies spent USD 40.1 billion in 2015 on R&D activities, which was a 16% rise from their 2014 investments. Hence, with rising number of R&D activities, there is an expected rise in the demand for western blotting tests in the near future.
Western Blotting Market Report Highlights
- The consumables segment dominated the market with a share of 68.1% in 2023. The consumables segment witnessed a significant demand based on the augmented sensitivity, efficiency, and specificity of the western blotting method.
- The disease diagnostics segment dominated the western blotting market with a revenue share of 60.4% in 2023. The growing incidences of Factor V, Herplex Symptoms Virus (HSV), Hepatitis B Virus (HBV), and Lyme sickness, incidences of chronic diseases such as cancers, and autoimmune disorders account for segment growth.
- The pharmaceutical and biotechnology companies segment dominated the market with a revenue share of 32.0% in 2023. The growing focus on targeted treatment, personalized medicine, and increasing investment in drug discovery contribute to the segment growth.
- North America western blotting market dominated the global market with a revenue share of 41.8% in 2023. The presence of manufacturing companies in the region, growing investment in proteomics studies, and a growing awareness of customized medicine encourage growth.
The leading players in the Western Blotting market include:
- Thermo Fisher Scientific, Inc.
- Bio-Rad Laboratories, Inc.
- LI-COR, Inc.
- Merck KGaA
- F. Hoffmann-La Roche Ltd
- Bio-Techne
- GE HealthCare
- PerkinElmer Inc.
- Advansta Inc.
- Cell Signaling Technology, Inc.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Western Blotting Market Variables, Trends, & Scope
Chapter 4. Western Blotting Market: Type Estimates & Trend Analysis
Chapter 5. Western Blotting Market: Application Estimates & Trend Analysis
Chapter 6. Western Blotting Market: End Use Estimates & Trend Analysis
Chapter 7. Western Blotting Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Western Blotting market include:- Thermo Fisher Scientific, Inc.
- Bio-Rad Laboratories, Inc.
- LI-COR, Inc.
- Merck KGaA
- F. Hoffmann-La Roche Ltd
- Bio-Techne
- GE HealthCare
- PerkinElmer Inc.
- Advansta Inc.
- Cell Signaling Technology, Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 986.2 Million |
Forecasted Market Value ( USD | $ 1480 Million |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |