United States, Rockville MD, Aug. 05, 2022 (GLOBE NEWSWIRE) — According to the latest industry analysis by Fact.MR, a market research and competitive intelligence provider, the global gel documentation systems market is currently valued at approximately USD 277 million and expected to grow at a CAGR of 3.5% through 2026.
Gel imaging systems, often referred to as gel documentation systems, are state-of-the-art medical devices that accomplish the task of photographing, documenting, or recording stained DNA and proteins on a sophisticated digital platform. Components of a gel imaging system can include an imaging system, computer, light source, analysis software, and printer.
Gel documentation systems are in high demand due to the need for equipment that can track data continuously and aid in data analysis. Data collection for scientists is simplified by sophisticated gel documentation tools. They have advanced capabilities that require less total protein and fewer antibodies (primary and secondary), offer improved repeatability, and are supported by better software and technology, all of which facilitate accurate data quantification. Through the use of these tools, high quality data can be collected and sample analysis can be performed at a lower cost.
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Some of the major factors that are expected to propel the growth of the global market include high rate of genetic disorders and infectious diseases, increasing funding for genomics and proteomics research, and increasing number of biotech and pharmaceutical companies, research institutes and diagnostic centers.
The demand for gel documentation systems will also increase due to the expansion of clinical laboratories, medical and research institutes, universities, diagnostic centers, and pharmaceutical and biotechnology industries.
Key insights from market research
- The global gel documentation systems market is currently valued at US$277 million.
- The demand for gel documentation systems is expected to grow at a CAGR of 3.5% from 2022 to 2026.
- The software segment holds 32% of the global gel documentation systems market.
- The US market for gel documentation systems is currently valued at US$97 million.
- Need for automated and advanced gel documentation systems to unlock new opportunities for market players.
“Over the next four years, the market is expected to witness revenue growth owing to aspects such as rapid development of gel imaging systems, increasing adoption of advanced gel documentation tools in the institutes of research, diagnostic laboratories, pharmaceutical and biotechnology companies, as well asl as healthcare costs increase worldwide,” says a Fact.MR analyst.
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The gel documentation systems market is highly fragmented with some major competitors accounting for the vast majority of industry revenue. To seize the opportunities and increase their revenue share in the market, the major players are focusing on research and development operations.
- A basic gel documentation system called G:BOX F3 has been developed by Syngene Fluorescence and Visible Applications. In contrast, blot imaging devices are used to find DNA, RNA, and proteins that have been taken from cells or tissues.
Gel Documentation System Industry Research Segmentation
- By product:
- By light source:
- Light-emitting diodes
- By Detection Technique:
- UV detectors
- Per application:
- Quantification of nucleic acids
- Protein quantitation
- By end use:
- Academic and research institutes
- Pharmaceutical and biotechnology companies
- Diagnostic laboratories
- By region:
- North America
- Latin America
- East Asia
- South Asia and Oceania
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Fact.MR, in its new offering, presents an unbiased analysis of global gel documentation systems, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2026.
The study discloses key market information based on product (instruments, software, accessories), light source (light emitting diodes, UV, lasers), detection technique (UV, fluorescence, chemiluminescence detectors), application (nucleic acid quantification, protein quantification, others) and end use (academic and research institutes, pharmaceutical and biotechnology companies, diagnostic laboratories, others), in five major regions of the world (North America, Europe, Asia-Pacific, Latin America and MEA).
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