Apr 16, 2024
Blog Biotechnology How Western Blotting Market Spells Success Through Advancements in Technology and Research
Western blotting helps scientists separate and identify proteins. They do this by putting a mix of proteins through a process called gel electrophoresis, which separates them based on their size. Then, they transfer these separated proteins onto a membrane, which creates a visible band for each protein.
Back in 1975, a scientist named Edward Southern came up with a technique for studying DNA, which he called "Southern blotting." Then, in 1977, another scientist named Stark figured out a way to study RNA, and he cleverly named it "Northern blotting." Following this trend, Burnette came up with a similar technique for studying proteins and jokingly named it "Western blot." So, these are just playful names scientists gave to their methods for studying different molecules.
More people getting long-term illnesses and the growing need to find specific proteins for medical tests and research are the main reasons the Western blotting market is growing According to the latest BCC Research study the demand for Western Blotting: Global Markets was valued at $1.5 billion in 2023 and will reach $2.1 billion by 2028 at a compound annual growth rate (CAGR) of 7.6% during the forecast period of 2023-2028.
The global market for western blotting is expected to grow from $1.5 billion in 2023 to over $2.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% during the forecast period of 2023-2028.
Since December 2019, when COVID-19 started spreading, it caused big problems all over the world. The World Health Organization said it was a big health emergency by January 2020. COVID-19 changed the economy in three big ways: it messed up making and needing drugs, it made it hard to get drugs to people, and it hurt companies and money markets. Because countries were locked down, it became hard to move drugs around, especially in China, India, Saudi Arabia, the U.A.E., Egypt, and others. But surprisingly, COVID-19 helped the Western blotting market. Western blotting, a lab method, became super important during the pandemic. For example, in December 2020, a science journal called Science Direct said Western blotting was used to find parts of the virus that could be used to make a COVID-19 vaccine.
Market Competition- The Western blotting market is highly competitive, with many major companies investing significantly in manufacturing Western blotting products.
Big companies in the industry are teaming up or buying each other to make better products. For example:
The next big thing in Western blotting is moving from using film for imaging to digital systems. These digital systems give better sensitivity and make Western blotting easier. Plus, they're bringing new ways to do and understand Western blot experiments using better optics and special antibodies.
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Divya Dhamija is a Senior Executive of Marketing Operations at BCC Research, with a master’s degree in business. She specializes in optimizing marketing strategies and content creation and is dedicated to driving organizational growth through strategic marketing initiatives.
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