Published on: May 2022
Protein Purification and Isolation - market overview
The global protein purification and isolation market was worth USD 5.9 billion in 2019 and is expected to grow at an annual rate of 8.3% over the next five years. Protein purification and separation are in high demand due to rising pharmaceutical and biotechnology research for the creation of new medications. In addition, increased R&D investments by pharmaceutical companies are expected to propel market expansion.
The increasing requirement to correctly identify new ligands and develop quick purification kits that can screen, prepare, purify, and concentrate protein samples is another important driver of market expansion. The growing need for reliable identification of various new protein molecules, as well as the purification and separation of functional proteins with minimal impurities, is driving up demand for technologically improved approaches.
Initiatives by various governments for the betterment of Protein Purification and Isolation sector
Governments are increasingly investing in R&D and launching efforts to help the pharmaceutical and biotechnology industries thrive and grow. They also offered additional benefits in the form of tax breaks, grants, and investment-friendly rules, among other things. Because of considerable investments in the creation of biomarker-specific compounds, the pharmaceutical sector is a very profitable industry for protein purification and isolation solutions. The preclinical drug development phase requires precise protein isolation with a considerable volume of pure substrate. The market for protein purification and isolation solutions is being driven by ongoing technical breakthroughs. Traditional technologies such as agarose beads and other resins are progressively being replaced by magnetic and protein beads and ligand tagging systems. Purification and isolation solutions are also expected to grow in demand as the use of automated analyzers increases.
Regional Insights
The market for protein purification and isolation is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, based on region. In 2019, North America was the most profitable area, followed by Europe. Because of substantial financing for life science research, established research infrastructure, and the presence of key competitors, North America dominated the industry. Furthermore, the regional market is expected to grow due to an increase in biopharmaceutical drug development over the forecast period.
Over the forecast period, Asia Pacific is expected to increase at the fastest rate. The need for protein purification and isolation solutions in this region is expected to be driven by initiatives taken by governments of developing countries such as India and China to enhance healthcare infrastructure. Furthermore, these governments are funding the development of novel purification and isolation techniques.
Key players in the market
Insights into the market for protein purification and isolation
To grow their market share, market participants use a variety of methods such as product development, geographic expansion, mergers, acquisitions, and collaborations. For example, Thermo Fisher Scientific and Symphogen teamed up in October 2018 to develop platform workflows for quality monitoring and easier characterisation of complex therapeutic proteins. This will help it maintain its leadership position in the protein purification and separation sector.
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