The report forecasts the global western blotting market to grow at a CAGR of 5.84% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is boosting market growth immensely is technological advances. Over the years, western blotting has undergone significant changes to make the test more effective, primarily to screen HIV and Lyme diseases. Many companies worldwide have come up with proprietary technologies to ensure high accuracy in the products offered.
For instance, GenScript, a biology contract research company, launched western blot kits based on its proprietary western detection technology ONE-HOUR Western, which offers rapid results and is therefore popular in the market. The number of applications of western blotting have multiplied in areas such as agriculture, food and beverage, disease diagnosis, and biomedical and biochemical research, and researchers are therefore looking for western blot tests that can produce results more quickly without sacrificing the sensitivity and quality of the sample under test.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?