Report Description
Southern Blotting Market Introduction
Molecular biology has gained significant momentum over the last decade with increasing R & D spending on development of therapeutic drugs . It has wide role across various healthcare industry verticals- most prominent in clinical trials and diagnostic purposes . Among such technology , southern blotting has gained significant traction offering substantial market opportunities for the players across value chain . The technique was first introduced in 1970 ’ s to detect presence of DNA fragment in samples . The technique not only helps in molecular R & D but also to detect some of the most chronic diseases – cancers and genetic diseases – prevalent across world .
Drug discovery advancement along with demand for effective therapeutic treatment for genetic diseases is expected to bolster the southern blotting market worldwide
Over the last few years , many rare diseases surfaced globally . Moreover , rare genetic diseases are on rise owing to changing lifestyle and environmental concerns . As per the estimates , there are over seven thousand rare genetic diseases prevalent globally with over 11 % of U . S . population living with these diseases . Over 80 % of these diseases are genetic in nature . As a result , pharmaceutical companies are spending heavily on R & D to develop effective drugs . Increased R & D spending coupled with increasing diagnostic cases is expected to create substantial opportunity for players engaged in southern blotting industry .
Forensic science is also expected to increase the overall sales of market to some extent .
Though the market is expected to create substantial opportunity over the forecast period , players might find difficulty in capitalizing emerging regions wherein lower government funding along with high product pricing is a major cause of concerns for the players .
Get the free sample report @ https :// www . coherentmarketinsights . com / insight / request-sample / 2 Market Taxonomy : Coherent Market Insights has segmented the southern blotting market by
• Product
• Application
• End-user
On the basis of product , instruments are expected to be the attractive segment driving huge revenue for market players .
By application , scientific research holds key market share of overall industry . However , is expected to lose considerable market to medical diagnosis .