by 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 Overview:
Western blotting is a technique used in molecular biology to detect a specific protein in a 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, topped with an antibody specific to the target protein. This allows detection of the expressed target protein and determination of its size. It is widely used in diagnostic and research settings for identification of protein biomarkers and determination of protein expression levels.
Market Dynamics:
Rising Incidence of Chronic Diseases – Chronic diseases such as cancer, cardiovascular diseases, and neurological disorders have emerged as major causes of death worldwide. Western blotting finds widespread application in detection of biomarkers and analysis of disease pathogenesis. This is expected to drive the market growth over the forecast period.
Increasing R&D Investments in Pharmaceutical and Biotechnology Sectors – Heavy investments in R&D by pharmaceutical and biotechnology companies have led to rapid advances in drug discovery and development. Western blotting plays a critical role in target identification and validation during the drug discovery process. Large biopharma companies are also investing in companion diagnostics. This is creating high demand for western blotting procedures.
Segment Analysis
The global western blotting market is dominated by the instruments sub-segment. This is because instruments such as imagers, gel doc systems, blotting systems, and hybridization incubators are essential components of the western blotting workflow. They help automate the process and increase throughput which is driving their adoption.
PEST Analysis
Political: Stringent regulations regarding the use of biological samples may impact the market growth. However, increasing government funding for proteomic research is supporting the market.
Economic: Rising proteomic research activities among pharmaceutical and biotechnology companies are fueling the demand for western blotting products and services.
Social: Increasing prevalence of chronic diseases is augmenting research related to disease diagnosis and treatment at the molecular level using western blotting techniques.
Technological: Advancements in blotting membranes, antibodies, reagents, and development of automated western blotting systems are helping scale up the workflows and improving accuracy.
Key Takeaways
The Global Western Blotting Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period 2023 to 2030, due to increasing research activity in the proteomics field. The North America region is expected to dominate the market over the forecast period owing to presence of major market players and strong research infrastructure in the region.
The global western blotting market size for 2023 is estimated to be US$ 759.5 Mn. The Asia Pacific region is anticipated to be the fastest-growing regional market during the forecast period due to increasing funding for proteomics research from government bodies as well as private entities in emerging economies.
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 among others. Thermo Fisher Scientific and Merck KGaA are recognized as the market leaders owing to their wide product portfolio and strong global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
