The Gel Documentation Systems Market is projected to grow from USD 258 million in 2018 to USD 304 million by 2023, at a CAGR of 3.3% during the forecast period.
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Growth in the gel imaging systems market is mainly driven by the increasing prevalence of infectious and chronic disease, and rising research & development expenditure in the pharmaceutical and biotechnology companies.
By product, the instruments segment is expected to grow at the highest rate during the forecast period in the gel documentation systems market
Based on product, the gel imaging systems market is segmented into three segments, namely, instruments, software, and accessories. The instruments segment is further divided into digital gel documentation instruments and gel documentation instruments. During the forecast period, the instruments segment is estimated to register the highest growth rate in the overall gel imaging systems market. This is mainly due to the increased R&D activities in the biotechnology and pharmaceutical industries.
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By end user, the academic and research institutes segment is expected to be the largest contributor to the gel documentation systems market in 2018
Based on end user, the gel imaging systems market is segmented into academic and research institutes; pharmaceutical & biotechnology companies; diagnostic laboratories. The academic and research institutes segment is estimated to account for the largest share of the overall market in 2018. This is primarily attributed to the increasing research activities on genomics and proteomics in research institutes and rising government funding in academic institutes.
