FPI(SZ:300203) Chan Ye Xin Xi Wang·2025-07-12 02:30Industry Overview - The global capillary electrophoresis (CE) industry is in a critical phase of technological deepening and application expansion, driven by the growing demand for high-precision analysis in biomedicine, environmental monitoring, and food safety [1][10] - The global CE market is projected to reach $250 million in 2024 and approximately $400 million by 2030, with the life sciences sector being the core growth engine [1][10] - The demand for CE instruments is significantly influenced by the explosive growth in gene sequencing and proteomics research, as well as stringent quality control requirements in the biopharmaceutical industry [1][10] Industry Development History - The CE industry in China has undergone four main stages: inception (1981-1989), domestic exploration (1990-1999), rapid development (2000-2010), and internationalization (2010-present) [4][5][6] - The introduction of commercial CE instruments in 1989 marked the beginning of the technology's practical application, with domestic institutions initially relying on imported equipment [4] - By 2000, CE applications expanded rapidly in biomedical fields, with domestic companies increasing R&D investments to develop competitive products [5] Industry Current Status - The CE industry is experiencing continuous growth due to increased regulatory scrutiny on water quality and pesticide residues, leading to deeper applications in heavy metal analysis and food additive screening [1][10] - The demand for high-end CE models is rising, particularly in the biopharmaceutical sector, where there are strict requirements for antibody drug purity testing and mRNA vaccine quality control [1][10] Industry Supply Chain - The upstream supply chain includes materials such as elastic quartz capillaries, high molecular polymers, and components like high-voltage power supplies and temperature control systems [8] - The midstream involves the manufacturing of CE instruments, while the downstream applications span life sciences, biomedicine, environmental monitoring, and food safety [8] Key Companies and Competitive Landscape - The industry is characterized by a competitive landscape where international giants dominate the high-end market, while domestic companies are rapidly gaining ground in the mid-to-low-end segments [14] - Companies like Beijing Huayang Limin and Shanghai Tongwei are making significant strides in technology and market penetration, offering products that match international standards at lower prices [14][21] - The domestic market is seeing a shift towards high-performance CE instruments with independent intellectual property rights, breaking the monopoly of foreign brands [21] Industry Development Trends - The CE industry is poised for technological upgrades and smart development, with advancements in nanotechnology and automation expected to enhance separation efficiency and sensitivity [19] - The application fields of CE instruments are diversifying, particularly in biomedicine, environmental monitoring, and food safety, driven by rapid technological advancements and cost reductions [20] - The acceleration of domestic substitution is evident, with local companies responding quickly to market demands and enhancing their competitive edge through innovation and collaboration [21]