[224+ Pages Report] According to Facts and Factors, the global Ethidium Bromide market size was valued at USD 1,126.4 million in 2021 and is predicted to increase at a CAGR of 4.3% to USD 1,450.1 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries
Ethidium Bromide is a popular intercalating agent used in multiple applications across various industry verticals. Ethidium Bromide is highly popular in biology laboratories as it is used as a marker for DNA and helps in the visualization of multiple biological components for better research opportunities and scope. When exposed to ultraviolet light it turns into reddish-brown color and hence helps in identifying multiple aspects of DNA and other specific biological applications.
The rising investments in research and development activities will propel the demand for Ethidium Bromide at a moderate pace over the forecast period. The Increasing establishment of biology laboratories will also further boost the demand for Ethidium Bromide in the coming years. However, the radioactive nature of Ethidium Bromide is expected to restrain its adoption to a certain extent as it could potentially damage DNA with unadministered exposure. Rising research in proteomics and genomics will further advance Ethidium Bromide market growth over the forecast period.
The COVID-19 pandemic restricted the Ethidium Bromide market potential in 2020 and the trend was prevalent in early 2021 as well as the world grappled to control the coronavirus pandemic on a global scale. Restricted research activities in multiple healthcare verticals majorly hampered the Ethidium Bromide market growth and restrained the market in these adverse times.
The shift in focus from other healthcare research prospects to focus on coronavirus also led to a drop in the Ethidium Bromide market growth curve. The Ethidium Bromide market growth is expected to rise at a steady pace over the forecast period owing to rising research and increasing demand for novel treatment prospects. Rising government support to advance healthcare research will also favor the Ethidium Bromide market potential.
The complete research study looks at both the qualitative and quantitative aspects of the Ethidium Bromide market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
The global Ethidium Bromide market is segregated based on types, applications, and regions.
Ethidium Bromide is expected to have a rising scope of application in multiple industries owing to its versatile properties and will see high demand from healthcare research applications over the forecast period. However, the Ethidium Bromide market will also be driven by rising demand in electrical and electronic applications as healthcare technologies advance and digitization paces in multiple applications.
Report Attribute |
Details |
Market Size in 2021 |
USD 1,126.4 Million |
Projected Market Size in 2028 |
USD 1,450.1 Million |
CAGR Growth Rate |
4.3% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Thermo Fisher, Sigma-Aldrich, Promega, Bio-Rad, Amresco, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Asia Pacific region leads the global Ethidium Bromide market in terms of growth and is estimated to rise at the fastest CAGR through 2028 owing to increasing focus on healthcare and growing research activities in this region. India and China are expected to be the most prominent markets in this region through 2028 for Ethidium Bromide and will majorly be driven by rising investments in research and development activities.
The market for Ethidium Bromide in North America is expected to hold a significant market share over the forecast period owing to the presence of key pharmaceutical and biotechnology companies and the increasing focus on research in this region is expected to bolster further the demand for Ethidium Bromide over the forecast period. The United States is expected to be a highly lucrative market for Ethidium Bromide over the forecast period in this region. Growth will be attributed to increasing research activity in the nation.
The Global Ethidium Bromide Market is segmented as follows:
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors