The Global Western blotting market is anticipated to grow at a 5.1% CAGR from 2016 to 2021
Hyderabad, India -- (SBWIRE) -- 03/16/2018 -- Blotting is generally defined as an exchange of natural examples from a gel to a film and their consequent discovery on the surface of the layer. A western blot is a most widely used technique for protein study. The specificity of the counteracting agent antigen connection empowers an objective protein to be distinguished amidst an unpredictable protein blend.
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The global western blotting market was estimated to be at a market value of USD 547.8 Million and is projected to rise with a CAGR of 5.1% to reach USD 737.11 Million by 2022.
Expanding predominance of HIV over the globe, extending the utilization of western blotting in the field of proteomics and expanded interest in the R&D by different pharmaceuticals and biotechnology organizations are the key driving factors of the market. However, competition from alternative techniques of protein purification can limit the market growth.
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Pharmaceutical and biotechnology organizations are encouraging tremendous R&D spending which incorporates R&D exercises requiring western blot tests. New pharmaceutical organizations utilize bring down income share for working exercises, with the goal that they can spend dominant part of them in R&D exercises. Thus, with developing R&D ventures, the interest for these tests is likewise anticipated to quicken sooner rather than later.
Geographically, the market is categorized into North America, Latin America, Asia-pacific, Europe and the Middle East & Africa. North America is expected to dominate the market globally owing to the high investment in research activities. The Asia-pacific is expected to witness the highest growth rate during the forecast period owing to the improvements in the rising nations.
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Some of the key players of Western Blotting market include Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., GE Healthcare, Advansta, Inc., LI-COR Biosciences, PerkinElmer Inc., Bio-Techne Corporation, Merck KGaA, F. Hoffmann-La Roche Ltd., and Cell Signaling Technology.
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