The Protein Purification and Isolation market demand is forecasted to grow rapidly, with an expected Compound Annual Growth Rate (CAGR) of 10.6% from 2022 to 2032, resulting in a market value of US$ 17.41 billion by 2032, up from US$ 8.29 billion in 2022.
One of the major driving forces behind the increasing demand for Protein Purification and Isolation is the growing importance of developing new ligands, including protein-based pharmaceuticals. Moreover, the market is expected to witness growth due to the rising use of purification kits in rapid screening tests.
The adoption of advanced technology instruments and the expansion of the proteomics market are propelling the growth of the Protein Purification and Isolation market. These, along with the increasing research and development in the biotechnology and pharmaceutical sectors, are expected to contribute to the market share growth globally.
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The Protein Purification and Isolation industry is expected to benefit from untapped growth markets and the expanding use of protein treatments, leading to increased sales of purification and isolation equipment, such as automated analyzers.
Technological advancements, including agarose beads, various resins, magnetic and protein beads, and ligand tagging methods, are driving the high demand for Protein Purification and Isolation.
Despite these positive factors, the low adoption rate of instruments, the challenge of maintaining purification kits that meet all demands, and the high cost of tools are some of the obstacles to the Protein Purification and Isolation market’s growth prospects.
Key Takeaways from Market Study
- With a 59% market share in 2021, consumables dominated the Protein Purification and Isolation industry.
- During the forecast period, chromatography is expected to increase significantly in the Protein Purification and Isolation market, with a market share of more than 24% in 2021.
- The Protein Purification and Isolation market is predicted to grow rapidly in the coming years, with protein interactions accounting for the biggest revenue share of more than 29% in 2021.
- In 2021, academic and research institutes will account for more than 35.0% of total revenue.
- North America had the highest revenue share in 2021, accounting for 47% of total revenue. Several factors, including strong financing for life science research, well-established research infrastructure, and the availability of these elements, are driving protein purification and separation sales in the region.
- In the Protein Purification and Isolation industry, Asia Pacific is expected to have the largest development potential.
“As pharmaceutical and biotechnological research for the development of novel treatments evolve, there is an increase in the demand for Protein Purification and Isolation. Pharmaceutical companies’ rising R&D expenditures are predicted to drive the Protein Purification and Isolation market share.”- Future Market Insights Analyst.
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Competitive Landscape
Protein Purification and Isolation market key players are creating cutting-edge products that are predicted to boost Protein Purification and Isolation market growth.
More than 25 companies service the mature and highly fragmented protein purification and separation market. As a consequence of recent R&D advances, the market for Protein Purification and Isolation is predicted to grow over the forecast period.
Product development, geographic expansion, mergers, acquisitions, and collaborations are among the techniques used by startups in the protein purification and separation business to enhance their market share.
The following companies are among the major players in the global protein purification & isolation market: Merck KGaA, Thermo Fischer Scientific, Inc., GE Healthcare Life Sciences, Qiagen N.V., Sigma-Aldrich Corporation, Agilent Technologies, Bio-Rad Laboratories, Inc., Promega Corporation, Abcam.
Recent Developments in Protein Purification & Isolation Market:
- In March 2022, Thermo Fisher Scientific and Symphogen stated that their partnership would continue to deliver biopharmaceutical research and development facilities as well as platform workflows for quality assurance and efficient characterization of complex therapeutic proteins.
- In September 2021, GE Healthcare Life Sciences announced that it had successfully purchased BK Medical from Altaris Capital Partners, LLC for an upfront cash payment of USD 1.45 billion.
- QIAGEN N.V. released three nucleic acid extraction kits using QIAwave in January 2022. These kits require less supplies. These devices were developed in partnership with clients to address the ongoing problem of laboratory waste that researchers throughout the world face.
- Purolite, a manufacturer of resin-based chromatography isolation, unveiled two next-generation chromatography resins in October 2021.
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Key Segments
By Technology:
- Ultrafiltration
- Precipitation
- Preparative Chromatography Techniques
- Ion Exchange Chromatography
- Affinity Chromatography
- Reversed-phase Chromatography (RPC)
- Hydrophobic Interaction Chromatography (HIC)
- Size-exclusion Chromatography (Gel Filtration)
- Electrophoresis
- Gel Electrophoresis
- Isoelectric Focusing
- Capillary Electrophoresis
- Western Blotting (Immunoblotting)
- Dialysis and Diafiltration
- Centrifugation
By Application:
- Drug Screening
- Protein-protein Interaction Studies
- Biomarker Discovery
- Target Identification
- Protein Therapeutics
- Disease Diagnostics and Monitoring
By Product:
- Instruments
- Consumables
- Protein Purification Kits
- Reagents
- Prepacked Columns
- Protein Purification Resins
- Magnetic Beads
- Others (Filters, Plasticwares, Chromatography Solvents, and Standards for Chromatography and Electrophoresis)
By End User:
- Academic Medical Institutes
- Hospitals and Diagnostic Centers
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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