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Global Transfer Membrane Market : Cost Analysis, Strategy and Growth Factor 2023

Bharat Book Bureau Provides the Trending Market Research Report on “Global Transfer Membrane Market, Forecast to 2023” under Life Sciences category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Global Transfer Membrane Market projected to grow at a CAGR of 1.5%

The global transfer membrane market is projected to reach USD 187.9 million by 2023 from USD 174.8 million in 2018, at a CAGR of 1.5%. Factors such as increasing financial support from public and private funding sources for life science research, high prevalence of target diseases across the globe, and increasing research and development expenditure by pharmaceutical and biotechnology companies, are expected to propel the growth of this market. However, availability of alternative technologies for protein/nucleic acid quantification and analysis, featuring higher efficiency, end-to-end automation, and high-throughput capabilities such as RT-PCR, is expected to restrain the growth of the transfer membrane market in the forecast period.

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The medical biotechnology segment is expected to dominate in 2018

The transfer membrane market, by application, is segmented into southern blotting, northern blotting, western blotting, protein sequencing & amino acid analysis, and other applications. The western blotting segment is expected to command the largest share of the transfer membrane market in 2018. The largest share of this segment can be attributed to rising incidence of autoimmune disease, allergy, and infectious diseases and siginifcant application of western blotting in clinical diagnosis & post-treatment monitoring of these diseases.

The academic and research institutes segment to grow at the highest CAGR during 2018 to 2023

On the basis of end user, the transfer membrane market is segmented into academic and research institutes, pharmaceutical and biotechnology companies, diagnostic laboratories, and other end users. The academic and research institutes segment is estimated to witness highest growth during 2018-2023. Rising financial support from private as well as government bodies for life science research in various nations is expected to increase the demand for consumables such as transfer membranes, which is among the major factors contributing to the growth of this market segment.

APAC is projected to witness the highest growth during the forecast period

The Asia Pacific transfer membrane market is expected to grow at the highest CAGR of from 2018 to 2023. Factors such as the growing proteomics research, high prevalence of target diseases in various countries of Asia-Pacific, and growing scale of life science projects funded by government and private bodies are driving the growth of the Asia Pacific transfer membrane market.

Breakdown of supply-side primary interviews: by company type, designation, and region:

- By Company Type - Tier 1 –27%, Tier 2 –38% and Tier 3 –36%
- By Designation – C-level – 43%, Director-level – 22%, Others – 35%
- By Region – North America – 38%, Europe – 15%, APAC – 37%, RoW – 10%

The key players in the transfer membrane market include Merck KGaA (US), Thermo Fisher Scientific (US), Bio-Rad Laboratories (US), GE Healthcare (US), PerkinElmer (US), Pall Coporation (US), Advansta (US), GVS (Italy), Santa Cruz Biotechnology (US), Abcam (UK), ATTO Corporation (Japan), Carl Roth (Germany), Macherey-Nagel (Germany), Azure Biosystems (US), and Axiva Sichem Biotech (India), among others.

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