The Western Blotting Market size is projected to reach US$ 1,173.73 million by 2031 from US$ 782.42 million in 2023. The market is expected to register a CAGR of 5.2% in 2023–2031. The increasing prevalence of HIV infection and technological advancements in botting systems and government initiatives along with investment by pharma and biotechnology companies is likely to remain key Western Blotting market trends.
Western Blotting Market Analysis
According to the data published by the World Health Organization in 2022, approximately 39 million people are living with HIV of which 6,30,000 people died of Human Immunodeficiency Virus (HIV)-related illness. Hence, the rising prevalence of HIV has led to huge demand for western blotting tests. Western blotting test is always preferred over the enzyme-linked immunosorbent assay (ELISA) test for detecting HIV, owing to its greater accuracy in detecting HIV antibodies in the patient’s blood. However, ELISA is prescribed by healthcare professionals for HIV screening. The technique helps in confirming the HIV infection in the patient’s body. Although this testing tool is much more complicated as compared to ELISA, it delivers more accurate and effective results in detecting HIV.
Western Blotting Market Overview
North America is the largest market for Western Blotting market growth with the US holding the largest market share followed by Canada. Factors such as the increasing prevalence of HIV, increased R&D investment by pharma and biotechnology companies, and increasing application of western blotting technique, which is anticipated to further propel the overall North American Western Blotting market. For instance, in 2021, there were approximately 32,100 estimated new HIV infections in the U.S., however, the Southern US reported the highest percentage of HIV infection i.e. 52%, with approximately 16,700 cases among the newly estimated cases.
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Western Blotting Market: Strategic Insights
Market Size Value in US$ 638.82 Million in 2018 Market Size Value by US$ 992.55 Million by 2027 Growth rate CAGR of 5.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Western Blotting Market: Strategic Insights
| Market Size Value in | US$ 638.82 Million in 2018 |
| Market Size Value by | US$ 992.55 Million by 2027 |
| Growth rate | CAGR of 5.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Western Blotting Market Drivers and Opportunities
Rising Prevalence of HIV Infection Demanding for Western Blotting System Favors the Market
The increasing prevalence of HIV and Lyme disease is contributing to the demand for Western blotting. Western blotting is being used increasingly to effectively differentiate between HIV and other antibodies. For instance, according to the data published by Global HIV & AIDS Statistics, 2021, approximately, 1.5 million people became newly infected with HIV in 2021. A higher prevalence of such diseases requires more diagnostic tests and in turn drives the overall market growth.
Technological Advancements and Demand of Western Blotting from Pharmaceutical and Biotechnology Companies– An Opportunity in Western Blotting Market
Western blotting is a widely known and used test that is used in cell and molecular biology and has gained attraction in the market due to its low cost, specificity, and ease of use. Western blotting manufacturers have marked their presence in the market as there is consistent demand from pharmaceutical and biotechnology companies. Additionally, the research and development activities in the field of proteomics are acting as an additional catalyst for the growth of industrial players in this market.
Protein research dynamics, increased investments in proteomics by biotech and pharmaceutical companies as there is a huge demand for western blotting techniques. Hence, these factors are anticipated to offer lucrative opportunities for the western blotting market growth.
Western Blotting Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Western Blotting Market analysis are product, application, and end users.
- Based on product, the Western Blotting market is segmented into instruments and consumables. The consumables held a larger market share in 2023. The major share can be attributed to the increasing adoption of reagents and consumables for various western blotting procedures.
- By application, the market is segmented into biomedical & biochemical research, agriculture, and others. The biomedical and biochemical research segment held the largest share of the market in 2023. The major share can be attributed to increasing research funding for proteomics and protein-based research.
- By end user, the market is segmented into biotechnological and pharmaceutical companies, diagnostic laboratories, academic and research institutes, and others. The academic and research institutes segment held the major market share in the year 2023. However, biotechnological and pharmaceutical companies recorded the highest CAGR during the forecast period.
Western Blotting Market Share Analysis by Geography
The geographic scope of the Western Blotting Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the Western Blotting Market. The market growth can be attributed to the rising adoption of Western Blotting for various applications, the rising prevalence of HIV cases, the presence of major manufacturers involved in manufacturing western blotting systems, and the investment by pharma and biotech companies for medical devices in North American countries.
Western Blotting Market Report Scope
Western Blotting Market News and Recent Developments
The Western Blotting Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for western blotting:
- Azure Biosystems Inc. launched the chemiSOLO, a high-performance, personal chemiluminescent imaging system that is compact in size and economical in cost. The chemicals can be controlled by a smartphone, tablet, or laptop through a novel web-based interface, which eliminates the need for investment in a dedicated computer. To support other steps in the Western blotting workflow, chemiSOLO also offers LED lights for visible imaging of samples such as Coomassie-stained gels, colorimetric Western blots, and pre-dyed color protein markers. (Source: Azure Biosystems, Press Release/Company Website/Newsletter, January 2023)
- PerkinElmer, Inc. acquired BioLegend, a leading provider of life science antibodies and reagents, including primary antibodies and western blot secondary reagents. This acquisition enhances the company's existing western blotting product portfolio. (Source: PerkinElmer, Press Release/Company Website/Newsletter, September 2021)
- Bio-Techne Corporation declared that ProteinSimple, a Bio-Techne brand, released its Stellar NIR / IR Detection Modules for Jess. Stellar fluorescence modules enable the detection of low-abundance proteins while multiplexing multiple analytes within the same detection lane, setting a new industry standard for western blotting fluorescence detection sensitivity. Multi-color immunoassays can also be run alongside total protein staining using Stellar detection modules. (Source: Biotechne, Press Release/Company Website/Newsletter, Jan 2022)
Western Blotting Market Report Coverage and Deliverables
The “Western Blotting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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