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1 MarketsandMarkets Publisher Sample Phone: (US) or or (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST customerservice@marketresearch.com MarketResearch.com
2 WESTERN BLOTTING MARKET [By Product (Instruments (Manual/Semi-automated/ Automated), Consumables (Kits/Reagents/ Membrane), By Application (Disease Diagnosis/ Agriculture/Biomedical Research)] MarketsandMarkets
3 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace and defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets 2
4 1 EXECUTIVE SUMMARY At present, the western blotting market is witnessing technological advancements that have resulted in a paradigm shift within the market, from manual techniques to automated procedures. Western blotting, also known as immunoblotting, is a technique that is used to detect and analyze proteins. It has a wide range of applications in both academics as well as in the life sciences industry, including drug discovery and development, research on proteomics, and diagnosis of diseases. Extensive research in these fields has created a demand for advanced techniques. Although western blotting is moving towards automation, emerging alternative techniques with increased speed, accuracy, consistency, and sensitivity are likely to overshadow the western blotting market. The global western blotting market was valued at $XX million in 2013 and is expected to reach $XX million by 2018, growing at a CAGR of from 2013 to The key factors propelling the growth of this market are the increased investments and funding by government bodies worldwide, ongoing new product launches, technological advancements, and increasing use of western blotting technologies in the fields of proteomics. However, the high costs of primary antibodies and the emergence of alternative technologies are likely to restrain the growth of the western blotting market. Emerging markets such as India and China are likely to create opportunities for western blotting instruments and consumables owing to the rise in proteomics research and flourishing pharmaceutical and biotechnology industry in these countries. However, the high level of care taken to achieve accurate results while performing western blotting procedures is a challenge for researchers or users. Consumables accounted for the largest share of the western blotting products market in The large share of this segment can be attributed to the widespread requirement of consumables for manual, semi-automated, as well as automated western blotting techniques. The reagents segment also accounted for a major share of the western blotting consumables market in However, the kits segment is likely to grow at the highest CAGR of in the MarketsandMarkets 3
5 next five years. Of all the reagents, chromogenic reagents accounted for the largest share of the western blotting reagents market, owing to their low cost. Similarly, semi-automated instruments accounted for the largest share of the western blotting instruments market in However, automated western blotting instruments are likely to surpass the market for semi-automated instruments in the future owing to the increased efficiency of these instruments. FIGURE 1 GLOBAL WESTERN BLOTTING PRODUCT MARKET SNAPSHOT, 2013 ($MILLION) XX XX XX XX XX XX Kits Reagents Others Instruments Consumables Manual Semi-automated Automated Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis In terms of application, the global western blotting market was dominated by the biochemical and biomedical research segment in 2013, followed by the disease diagnosis and agriculture segments. Whereas, on the basis of end users, research institutes accounted for the largest share of the western blotting end-user market in 2013, followed by pharmaceutical and biotechnology companies and diagnostic laboratories. MarketsandMarkets 4
6 In 2013, North America dominated the global western blotting market, followed by Europe, Asia, and the Rest of the World (RoW). North America is expected to maintain its leadership position in the market in the coming years. The North American market growth is likely to be driven by factors such as increasing use of genetically modified crops, increase in research of bio-based drugs, and rising incidences of HIV in the U.S. In addition, funding by the National Institutes of Health (NIH) to carry out research in the field of biotechnology is likely to propel the use of western blotting techniques in the North American region. FIGURE 2 GLOBAL WESTERN BLOTTING MARKET CONTRIBUTION, BY GEOGRAPHY (2013) REST OF THE WORLD NORTH AMERICA ASIA EUROPE Note: Height of the columns depict the market size for 2013 Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets 5
7 2 MARKET OVERVIEW 2.1 MARKET SHARE ANALYSIS WESTERN BLOTTING MARKET, BY KEY PLAYER FIGURE 3 MARKET SHARE ANALYSIS, BY KEY PLAYER, 2013 Biorad Laboratories, Inc. Thermo Fisher Scientific, Inc. GE Healthcare Merck Millipore Sigma Aldrich Corporation Others Note: Other players include PerkinElmer, Inc. (U.S.), Roche Applied Science (U.S.), ProteinSimple, Inc. (U.S.), LI-COR Biosciences (U.S.), and Advansta, Inc. (U.S.) Associations (IFPMA)Expert Interviews, and MarketsandMarkets Analysis Bio-Rad Laboratories, Inc. (U.S.) Bio-Rad Laboratories, Inc. is another leading player in the western blotting market, with a market share of in The company is a leading manufacturer and supplier of products and systems to separate, detect, analyze, and purify complex biological and chemical materials in the fields of life science research, healthcare, and analytical chemistry, among others. MarketsandMarkets 6
8 The company s Life Science Group discovers and creates advanced tools to simplify biologic complexities. It develops and markets laboratory instruments, consumables, and about XX types of reagents used in the research of food safety, proteomics, genomics, and cell biology. The Clinical Diagnostics Group designs, manufactures, and sells products such as test systems, test kits, and quality control products, for laboratory diagnostics. This robust product portfolio for laboratory instrumentation, diagnostics, and research has made the company one of the leading players in the western blotting market. MarketsandMarkets 7
9 3 GLOBAL WESTERN BLOTTING MARKET, BY PRODUCT 3.1 INTRODUCTION FIGURE 4 GLOBAL WESTERN BLOTTING MARKET, BY PRODUCT Global Western Blotting Market, By Product Instruments Manual Semi-automated Automated Consumables Kits Reagents Others Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets 8
10 TABLE 1 GLOBAL WESTERN BLOTTING MARKET SIZE, BY PRODUCT, ($MILLION) Product CAGR% ( ) Instruments Consumables Total Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis The consumables segment accounted for the largest share of the global western blotting products market in This segment is expected to reach $XX million by 2018 from $XX million in 2013, growing at a CAGR of from 2013 to The large share of this segment can be attributed to its indispensable role in western blotting techniques, as western blotting techniques cannot be performed without consumables WESTERN BLOTTING INSTRUMENTS, BY TYPE Western blotting instruments include all the components required in the process of transfer of proteins from gel to membrane as well as in membrane processing. The factors considered while choosing a particular instrument for western blotting include the time required to transfer proteins, throughput requirement, ease of clean-up, type of analysis needed, and flexibility in protocol modification. Based on the type, western blotting instruments are segmented into three manual, semiautomated, and automated instruments. MarketsandMarkets 9
11 TABLE 2 WESTERN BLOTTING INSTRUMENTS MARKET SIZE, BY REGION, ($MILLION) Region CAGR% ( ) North America Europe Asia RoW Total Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets 10
12 4 GLOBAL WESTERN BLOTTING MARKET, BY GEOGRAPHY 4.1 INTRODUCTION TABLE 3 WESTERN BLOTTING MARKET SIZE, BY REGION, ($MILLION) Region CAGR% ( ) North America Europe Asia RoW Total Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis The North American market accounted for the largest share of the global western blotting market in This segment is expected to reach $XX million by 2018 from $XX million in 2013, growing at a CAGR of from 2013 to However, Asia is the fastest-growing market at a CAGR of from 2013 to MarketsandMarkets 11
13 CAGR %( ) Western Blotting Market FIGURE 5 GLOBAL WESTERN BLOTTING MARKET, GEOGRAPHICAL RANKING, ($MILLION) 8.0% 7.0% Asia 6.0% 5.0% North America Europe 4.0% 3.0% 2.0% RoW 1.0% 0.0% Rank Note: The size of circle denote market size ($Million) Associations (IFPMA), Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets 12
14 Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge, when ordering, that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets does not endorse any vendor, product or service depicted in its research publications. MarketsandMarkets strategic analysis publications consist of the opinions of MarketsandMarkets' research and should not be construed as statements of fact. MarketsandMarkets disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. All trademarks, copyrights and other forms of intellectual property belong to their respective owners and may be protected by copyright. Under no circumstance may any of these be reproduced in any form without the prior written agreement of their owner. No part of this strategic analysis service may be given, lent, resold or disclosed to noncustomers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. MarketsandMarkets 13
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