Gel Documentation System Market Growth – at a CAGR of 3.6% During Forecast Period 2020-2028
High prevalence of genetic disorders and infectious diseases, rising funds for genomic and proteomic research, and increasing number of pharmaceutical and biotechnological companies, research and diagnostic centers are some key factors expected to drive global market growth
According to Emergen Research, the global gel documentation market size was USD 291.5 million in 2020 and is expected to reach USD 389.7 million in 2028 and register a steady revenue CAGR of 3.6% during the forecast period, 2021-2028.
Gel documentation system, also known as gel doc, or gel image systems is a commonly used equipment in molecular biology laboratories and clinical research centers for imaging, measuring, and documenting proteins and nucleic acids suspended in polyacrylamide, cellulose, or agarose gels. Various types of gel doc systems are available that are used for colony counting, gel and blot imaging, immunoassay, 2D electrophoresis, protein quantitation, and monoclonal and polyclonal antibody binding affinities among others.
Factors such as rapid advancements in gel imaging systems, rising adoption of advanced gel documentation instruments in research institutes, diagnostic laboratories, and pharmaceutical and biotechnological companies, and increasing healthcare spending are expected to drive global market revenue growth over the forecast period. Moreover, high preference for PCR techniques for accurate and quick analysis, rising investments and funds by public and private organizations, and increasing focus on developing affordable gel imaging systems are some other key factors expected to fuel market growth going ahead.
However, high cost of advanced gel documentation systems, increasing preference for quantitative Polymerase Chain Reaction (qPCR), dearth of skilled professionals for operating these systems, and unaffordability of latest gel imaging systems due to budget constraints are some key factors that can hamper market growth to a significant extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Instruments Segment to Account for Largest Revenue Share:
The instruments segment is expected to account for largest revenue share between 2021 and 2028. This can be attributed to factors such as growing demand for advanced gel doc systems and high usage of gel documentation instruments in well-established pathology laboratories and research institutes.
Academic & Research Institutes Segment Register Rapid Revenue CAGR:
The academic and research institutes segment is expected to register rapid revenue CAGR over the forecast period owing to rising number of research-based activities, growing availability of funds for protein and proteomics-based research, and high adoption of advanced gel documentation systems across academic institutes and research centers.
North America To Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market owing to factors increasing burden of various infectious diseases and genetic diseases, presence of well-established research facilities and healthcare infrastructure, and technological advancements in gel documentation systems. Other factors such as favorable reimbursement scenario, high healthcare expenditure and rising number of biotechnology and pharmaceutical companies, and increasing focus on developing cost-effective and more enhanced equipment are expected to fuel gel documentation system market growth in North America.
Major Companies in the Market Include:
- GE Healthcare
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific
- LI-COR Biosciences
- Endress+Hauser Management AG
- Vilber Lourmat
- Scientific Digital Imaging plc.
- Cleaver Scientific
- Azure Biosystems
For the purpose of this report, Emergen Research has segmented the global gel documentation systems market on the basis of product type, light source, detection technique, application, end use, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
Light Source Outlook (Revenue, USD Million; 2018–2028)
- Light-Emitting Diodes
Detection Technique Outlook (Revenue, USD Million; 2018–2028)
- UV Detectors
Application Outlook (Revenue, USD Million; 2018–2028)
- Nucleic Acid Quantification
- Protein Quantification
- Other Applications
End Use Outlook (Revenue, USD Million; 2018–2028)
- Academic & Research Institutes
- Pharma & Biotech Companies
- Diagnostic Laboratories
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Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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