CAGR: 5%Current Market Size: USD 1.14 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global blotting systems market is expected to grow from USD 1.14 billion in 2022 to USD 1.68 billion by 2030, at a CAGR of 5% during the Projection period 2023-2030. The growth of the blotting systems market is mainly driven by the increased usage in several sectors.
In cell and molecular biology, the Western blotting test is well-known and often employed. The complicated combination of proteins that are recovered from the cell can be used in this test to identify a specific type of protein. Due to its accuracy, affordability, and simplicity of use, this test has become increasingly popular in the market. Several improvements in this technique have taken place in the last ten years, despite the fact that it has changed since it was first developed. According to an article titled "Emerging techniques of western blotting for purification and analysis of protein" that was published in 2021, for instance, the introduction of western blotting kits (Pierce Fast from Thermo Scientific) and streamlined procedures (Western Workflow from Bio-V3) Rad's opened the door to making western blotting quicker and more quantifiable. As businesses spent a significant amount of money each year on the Western Blotting methodology, advancements in the preparation of gel, imagers of fluorescence, chemiluminescence, and fluorescent antibodies occurred over the previous five years. Western blotting may be completed much more quickly and with less reagents and antibodies thanks to micro fluidical devices. Additionally, those technologies were permitted to adapt to high-performance platforms. As a result, due to certain properties of the western blot test, the market is anticipated to develop significantly throughout the Projection period.
Sample Request: - Global Blotting Systems Market
Market Dynamics:
Drivers:
The market for blotting systems is expanding due to rising HIV rates and other types of contagious diseases. HIV diagnoses involve testing on serum, saliva, or urine samples. Because these processes aid in the identification of RNA, antigens, and antibodies, it is anticipated that sales of blotting system procedures will rise. More than 38 billion individuals worldwide are HIV positive, and the figure is projected to rise quickly, according to the WHO. The rapidly expanding proteomics applications of western blotting and the increased efforts and investments made in research and development by various pharmaceutical and biotechnology companies are a couple of other important factors driving the growth of the worldwide blotting systems market.
Restraints:
Western blotting is one of the most widely used protein analysis methods available for blotting systems. Researchers in the biotech, pharmaceutical, and diagnostics industries heavily use it. But as the need for enhancements in usability, speed, efficiency, uniformity, sensitivity, and the capacity to quantify results and process more samples grows, there has been a shift toward alternative technologies. Western blotting's primary competitors are antibody-based methods like ELISA and lateral flow immunoassays (LFIA). Particularly in lucrative fields like diagnostics, array-based techniques like Meso Scale Discovery, multiplexed bead assays like Luminex, and line immunoassays may also have an impact on the demand for blotting systems.
Opportunities:
In October 2020, Bio-Techne Corporation (US) released a SARS-CoV-2 multi-antigen serology module for the automated western blotting systems Jess and Simple Western. By swiftly detecting human immune responses to numerous SARS-CoV-2 antigens, the innovative serology assay expedites the investigation of COVID-19 and the development of a vaccine. To help virology researchers understand better SARS-CoV-2 and other diseases in July 2020, LI-COR Biosciences (US) offered commodities, techniques, and services. The business's near-infrared (NIR) western blots and in-cell western assays offer a high-quality, trustworthy means to acquire data for several assays that are vital for the investigation of viruses such as SARS-CoV-2.
Challenges:
Sales growth is also being hampered by the development of alpha technology, a platform based on homogenous beads used for biomolecule identification and that is incredibly sensitive. The alpha technique has various advantages over other techniques like western blotting since it doesn't require time-consuming wash operations and can identify any molecule of interest, most frequently from protein complexes. The alpha method can be used to a range of serum, cell lysate, plasma, and cell supernatant samples. Thus, alpha technology is a one-well method as opposed to the multiple adjustments that are often made in the western blotting approach. The advent of such cutting-edge technologies is anticipated to disrupt the global western blotting market's hegemony.
Segmentation Analysis:
The global blotting systems market has been segmented based on product, type, application, and region.
By Product
The product segment is blotting systems, consumables, gel electrophoresis, and imagers. The gel electrophoresis segment led the largest share of the blotting systems market with a market share of around 34.5% in 2022. Electrophoresis blotting is a highly successful technique for identifying a specific protein in a sample by taking use of an enzyme's or primary antibody's ability to bind to a specific antigen. As a result, it has stringent criteria for a range of applications. Due to the increasing prevalence of contagious diseases, the demand for consumables in blotting systems for research and diagnosis is also increasing at the fastest rate.
By Type
The type segment is northern, western, eastern, and southern. The western segment led the largest share of the blotting systems market with a market share of around 36% in 2022. The kind of blotting technique known as Western blotting, also known as immunoblotting, is used to separate and identify proteins. The process of performing a western blot involves several phases, including tissue preparation, gel electrophoresis, protein transfer to the membrane, blocking to avoid membrane and antibody interactions, membrane incubation, and antibody-based protein detection.
By Application
The application segment is agriculture, research, food & beverages, diagnostics, and others. The diagnostics segment led the largest share of the blotting systems market with a market share of around 36% in 2022. In terms of application, scientific research and medical diagnostics are now lucrative in the worldwide blotting systems business and are expected to hold those positions in the upcoming years. These markets have become extremely lucrative for important players due to an increase in research and development activities and improvements in the medical diagnostics industry.
Global Blotting Systems Market - Sales Analysis.
The sale of the blotting systems market expanded at a CAGR of 13.4% from 2016 to 2022.
Scientific research, particularly in the field of biotechnology, frequently uses a variety of western blotting products, such as conventional wet transfer blotting systems, chromogenic reagent kits, and others. Manufacturers of western blotting products are expanding as a result of the development in investment in this industry and related activities.
The significant factor influencing the market for blotting systems is the growing preference for a healthy lifestyle and the demand for customised treatment. The need for blotting systems is being fueled by the introduction of cutting-edge diagnostic techniques, as well as by public understanding of diseases like HIV and others and their rising prevalence.
Thus, owing to the aforementioned factors, the global blotting systems market is expected to grow at a CAGR of 5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the blotting systems market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the blotting systems market and held a 39% share of the market revenue in 2022.
Global Blotting Systems Market - Country Analysis:
Germany's blotting systems market size was valued at USD 0.62 billion in 2022 and is expected to reach USD 0.72 billion by 2030, at a CAGR of 2% from 2023 to 2030. Because it is the hub of the biggest blotting systems market in Europe, Germany is a significant market for individuals working in this business. Germany is a target for major businesses due to its fast growing pharmaceutical, medical research, and diagnostics industries. The EU-funded CANCERSCREEN project, which has created a comprehensive global data collection of over 800 enterprises in this field, is expected to substantially enhance Germany's research sector.
China’s blotting systems market size was valued at USD 1.36 billion in 2022 and is expected to reach USD 1.86 billion by 2030, at a CAGR of 4% from 2023 to 2030. According to the "Healthcare Resource Guide" study published by the Export Government of China on October 30th 2019, the medical equipment and diagnostics sector is one of China's fastest-growing industries, with double-digit growth sustained for more than 10 years.
India's blotting systems market size was valued at USD 1.02 billion in 2022 and is expected to reach USD 1.29 billion by 2030, at a CAGR of 3% from 2023 to 2030. According to Invest India, the National Investment Promotion & Facilitation Agency of India, the market for medical equipment and diagnostics is currently valued at more than US$ 10 billion and is projected to grow to US$ 65 billion by 2024. The report predicts that by 2025, the market for medical equipment, which includes diagnostic tools, will grow at a rate of 28% per year and reach US$ 50 billion.
Key Industry Players Analysis:
To increase their market position in the global blotting systems market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5% |
Market Size |
1.14 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Product, By Type, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Thermo Fisher Scientific, Inc., Hoffmann-La Roche Ltd., Danaher Corporation (Lumigen, Inc.), EMD Millipore Corporation, PerkinElmer Inc., LI-COR, Inc., and Bio-Techne Corporation (ProteinSimple Inc.). |
By Product |
|
By Type |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Blotting Systems Market By Product:
Global Blotting Systems Market By Type:
Global Blotting Systems Market By Application:
Global Blotting Systems Market By Region:
Global blotting systems market is expected to reach USD 1.68 billion by 2030.
The blotting systems market is projected to have a CAGR of 5%.
Based on the product, the blotting systems market is segmented into differential blotting systems, consumables, gel electrophoresis, and imagers.
The market for blotting systems is expanding due to rising HIV rates and other types of contagious diseases. HIV diagnoses involve testing on serum, saliva, or urine samples. Because these processes aid in the identification of RNA, antigens, and antibodies, it is anticipated that sales of blotting system procedures will rise.
Leading market players active in the global blotting systems market are Thermo Fisher Scientific, Inc., GE Healthcare, Hoffmann-La Roche Ltd., Danaher Corporation (Lumigen, Inc.), EMD Millipore Corporation, Bio-Rad Laboratories, Inc., PerkinElmer Inc., LI-COR, Inc., Bio-Techne Corporation (ProteinSimple Inc.), and Advansta, Inc. among other.
Political Factors- blotting systems are exposed to the different political settings of the countries where it has grown its services. It should be noted that rules vary from nation to country, as illustrated by the fact that the Pestel Analysis of blotting systems industry has been forbidden in some places that have recently experienced a dry spell. This may be tough for the blotting systems company because it must maintain standards throughout all processes.
Economic Factors- It should be noted that the concept is predicated on the economy's increasing purchasing power, as all autos, in effect, cost money to the consumer. Furthermore, it should be noted that the blotting systems market only considers financial expense, as opposed to market principles, which also consider customer time. Exchange rate fluctuations can have an impact on a company's profitability. The blotting systems industry should examine exchange rate changes and create precise estimates to minimise negative effects on trade and business performance. With a high interest rate, the market for blotting systems will be compelled to make interest-only payments, increasing the overall cost of the loans obtained.
Social Factors- A case study service may be in short supply in some countries due to a lack of consumer commitment induced by the use of dishonest and unlawful practises, such as tax fraud linked with car washes and similar business models. For this particular feature, the blotting systems industry is fragmented and comprised of numerous small sellers. Respect for hierarchy and social class stratification are two major social elements that may have an impact on marketing, human resource management, and the blotting systems industry. When approaching countries with a large power distance, the blotting systems industry prefers a hierarchical organisational structure and formal work culture.
Technological Factors- Case solution technology is currently focused on creative solutions to reduce water waste in automobiles and trucks. The usage of automatic water sprays is an advantage that professional case solution services have over manual case solutions. Because these conditions make it easier for businesses to achieve goals such as cost reduction, innovation, and value creation, the blotting systems market should favour investment in these countries. A strong technological foundation also suggests that it will be more difficult for the blotting systems industry to harness technology to generate a sustained competitive advantage because it may be easily imitated by competitors.
Environmental Factors- Toxic compounds included in vehicle and truck soaps damage aquatic life, according to environmentalists and scientists. These advocacy groups have also expressed worry about the amount of water lost during professional and household hand washing. The implementation of the closed-loop, circular economy concept is becoming the standard in various countries across a range of locales and industries. Industries that benefit from supportive institutional frameworks can facilitate material recycling and reuse. Customers actively participate in recycling in a similar fashion in numerous nations. The market for blotting systems may profit from these sustainability trends and use them as a tool to achieve both financial and environmental goals by lowering manufacturing costs.
Legal Factors- Legal factors, as opposed to political considerations, provide more specific information regarding several rules and regulations, including employment laws, health and safety laws, intellectual property laws, and consumer protection laws. If the blotting systems industry violates the regulations of the host countries, it risks costly legal action. Legal factors, as opposed to political considerations, provide more specific information regarding several rules and regulations, including employment laws, health and safety laws, intellectual property laws, and consumer protection laws. If the blotting systems industry violates the regulations of the host countries, it risks costly legal action.
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