The global ethidium bromide market size was approximately USD 1023 million in 2019, and is anticipated to reach USD 1,843 million by 2030, at a CAGR of 4.7 % during the forecast period 2020 to 2030.
Ethidium bromide is fundamentally an intercalating agent. It mainly acts as a nucleic acid tag in molecular biology labs for processes which includes electrophoresis with agarose gel. It is mainly referred to as EtBr. The global Ethidium bromide market demand is mainly pulled by electrophoresis which is a process used for the separation of DNA, RNA and proteins. Furthermore, the tremendous scope of electrophoresis in the diagnosis of chronic diseases and development of drugs is also bolstering the market for ethidium bromide. The abbreviation for EtBr is usually an abbreviation of bromoethane. Others used EthBr for the purpose of avoiding confusion. When exposed to ultraviolet light, it intensifies by bonding to DNA almost 20 times. Aromatic, like most fluorescent compounds, is ethidium bromide. Her core heterocyclic method is commonly referred to as phenanthridine, which is an isomer of fluorescent pigments. The global ethidium bromide market is witnessing a tremendous growth due to the rising usage of electrophoresis for the diagnosis and treatment of chrinoc diseases. Chronic diseases which include central nervous system (CNS) and cardiovascular disorders (CVD) are related to ailments of lipoprotein metabolism.
The electrophoresis is applied to analyze the lipoproteins and apolipoproteins which are needed for monitoring of individuals subject to treatment. The rising need for diagnosis on account of rapid proliferation of chronic diseases, has led to tremendous demand for the electrophoresis reagents market thereby directly affecting the demand for ethidium bromide market globally. Furthermore, the market is booming on account of other primary factors which include increasing funding for proteomic and genomic research, rising collaborations among industry & academics and technological advancements. An important driver of Ethidium Bromide is the increasing technological development in the treatment and diagnosis of genetic diseases. In addition, increased research and development investment drives the market. With the growing demand for personal care products, the global market for Ethidium Bromide is also increasing. As a result, in the forecast period, the global market for Ethidium Bromide is expected to expand considerably. However, untapped markets and improved health-care conditions will create new opportunities in the projected period. High product costs can inhibit Ethidium Bromide.
The global ethidium bromide market can be bifurcated on the basis of type, application and geography. Based on type, the global ethidium bromide market can be categorized into industrial grade and medical grade. Considering application, the global ethidium bromide market can be sub-segmented into intercalating agent and others. Geographically, the global ethidium bromide market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global ethidium bromide market include Sigma-Aldrich, Thermo Fisher, Bio-Rad, Amresco and Promega among others.
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