Market key trends:
The rising focus on proteomics research and increasing prevalence of diseases like cancer are driving the growth of the Western blotting market. Proteomics helps in understanding disease pathogenesis, identifying new biomarkers, and monitoring drug responses. It is considered vital for developing personalized drugs. Rising healthcare expenditure and collaborative efforts between biotechnology and biopharmaceutical companies to advance proteomics technologies are further fueling the adoption of Western blotting globally. However, factors like limited sensitivity, requirement of large sample amounts, and technical challenges related to antibody specificity are restraining the market growth. Technological advancements in blotting membranes and antibodies are expected to present lucrative opportunities for market players over the forecast period.
Key Takeaways
The Global Western Blotting Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing research funding and expanding biopharmaceutical industry.
