The Global Western Blotting Market size was valued USD 600 Million in 2021 and is expected to rise to USD 860 Million by 2028 at a CAGR of 5.2%.
FrequentlyAsked Questions
The global western blotting market generates huge revenues because of western blotting’s application in the detection and diagnosis of HIV. Western blotting tests are used as definitive tests conducted to confirm vCJD or commonly known as mad cow disease which spreads due to the consumption of beef that suffers from bovine spongiform encephalopathy. The growth in meat consumption where beef is a part of the staple diet in many nations has resulted in the increase in medical cases related to variant Creutzfeldt–Jakob disease thus propelling global market expansion.
As per Zion Market Research, the global western blotting market is projected to grow at a CAGR of 5.2% during the forecast period. The global market generated a revenue of over $600 Million in 2021 and is projected to reach a market value of $860 Million by 2028.
The global western blotting market generates the highest revenue from North America since the USA is the hub of western blotting technology. The trend is expected to continue in the coming years mainly due to the highly advanced medical diagnostic and biotechnical sector in the region. As per reports submitted by the USDA, the adoption of western blotting in agriculture biotechnology is anticipated to aid regional growth.
The global western blotting market is dominated by players like EMD Millipore Corporation, Bio-Rad Laboratories, Perkin Elmer Inc., LI-COR Inc., Advansta Inc., GE Healthcare, Thermo Fisher Scientific Inc., and Danaher Corporation.
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