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Western Blotting Market

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Western Blotting Market to Account for US$ 725.0 Mn by 2021
According to the latest market report published by Persistence Market Research titled “Global
Market Study on Western Blotting: Increasing Prevalence of HIV and Spontaneous Research in the
Field of Proteomics Fuelling the Growth of Western Blotting”, the western blotting market is
expected to be valued at US$ 529.1 Mn by the end of 2015. It is anticipated to expand at a CAGR
of 5.4% during the forecast period (2015–2021) to account for US$ 725.0 Mn by 2021.
Western blotting technique is considered the gold standard for the diagnosis of HIV. Western
blotting, due to its high specificity and reproducibility, is used as a confirmatory test for the
diagnosis of HIV. According to the World Health Organization (WHO), it is estimated that in 2013,
only 51% of the people with HIV knew about their syndrome status. A major reason for low
diagnosis of HIV is the fear amongst the population of getting positively diagnosed with HIV and
confidentiality issues related to testing results. As per the statistics released by the joint United
Nations program on HIV/AIDS, in 2013, around 35.2 Mn HIV cases were recorded with two
million new cases being detected in 2014, taking the combined total for both years to 37.2 Mn.
Wide application of western blotting technique in various fields such as scientific research, medical
diagnostics, food & beverages industry, agricultural, and other applications is fueling the growth of
the western blotting market globally.
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The growth of the western blotting market is mainly driven by rising incidence of HIV, increasing
usage of western blotting in the field of proteomics, and rising demand for advancements and
innovation in drug development. However, factors such as inadequate funding in developing
countries, high pricing of products, and non-availability of devices in developing countries are
expected to hamper overall market growth.
The western blotting market is segmented on the basis of product, application, region, and end user.
North America dominated the western blotting market with over 30% share and is expected to
remain dominant throughout the forecast period. Revenue from western blotting markets in Asia
and Latin America are expected to expand at CAGRs of 6.2% and 6.0% respectively during the
forecast period.
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In terms of volume growth, reagent kits segment is expected to account for maximum share over the
forecast period. Electrophoresis blotting systems segment is expected to register higher CAGR as
compared to other segments in terms of volume.
As western blotting is a time consuming and labor intensive process, end users are opting for
automated blotting systems to address these issues. The manual technique demands continuous
supervision, hence manpower is mandatory while performing this method to enhance
reproducibility. Automated systems perform steps such as mixing of the solution, washing of gel,
and hence reduces the time required for completion of the protocol. However, the debate regarding
the trustworthiness of this technique continues across the healthcare sector, as the outcomes of tests
vary according to the methodology adopted to complete the process. Selection of proper substrate
and antibody is a must to achieve desired results due to the specificity of the test.
Key market players covered in this report include Thermo Fisher Scientific, Inc., GE Healthcare,
Hoffmann-La Roche Ltd., Danaher Corporation (Lumigen, Inc.), EMD Millipore Corporation, BioRad Laboratories, Inc., PerkinElmer Inc., LI-COR, Inc., Bio-Techne Corporation (ProteinSimple
Inc.), and Advansta, Inc. These players have been profiled on the basis of various attributes such as
company overview, recent developments, growth strategies, sustainability, and financial overview.
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Author
vakhas
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