The global protein purification resin market is expected to generate a valuation of US$ 13.8 billion by 2032, with sales growing at a stellar CAGR of 9.3% from 2022 to 2032. Valued at US$ 5.7 billion in 2022, the market is shaped by increasing spending on research and development efforts as well as an upsurge in governmental and non-governmental funds in this market. As numerous organizations, both governmental and non-governmental, are increasing their expenditure on research and development activities, the demand for protein purification resins looks at positive prospects in the upcoming years.
Protein purification resin market iis experiencing significant growth, primarily driven by advancements in biotechnology and pharmaceutical research and development. As the demand for therapeutic proteins, monoclonal antibodies, and vaccines continues to rise, so does the need for efficient protein purification processes. Protein purification resin plays a crucial role in separating and purifying target proteins from complex biological mixtures, enabling downstream processing and analysis. Additionally, the increasing adoption of chromatography techniques in proteomics research and the biopharmaceutical industry further fuel market growth.
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More and more governments across the globe are actively investing in research and development efforts and similar initiatives that will bolster the growth of the biotechnology and pharmaceutical markets. These governments are offering grants, tax incentives, and investment-friendly regulations which will stimulate the research environment and thereby propel the protein purification resin market forward during 2022 and 2032.
Further, increasing investments in the development of biomarker-specific molecules will drive the demand for protein purification resin in the pharmaceutical industry. Lucrative funding from different organizations, technological advancements, and increasing cases of diseases that lead to the growing consumption of pharmaceutical products are some of the other factors that drive the expansion of the protein purification resin market size during the assessment period.
Key Takeaways:
- The constant release of novel products that are ideal for varied parameters and easy accessibility to these innovative protein purification resin products will strengthen the prospects of the protein purification resin market.
- North America will account for the largest protein purification resin market owing to strong support from the pharmaceutical industry.
- Asia Pacific will record a high growth rate in the target market due to extensive research and development activities.
Competitive Landscape
Leading market players are focusing on product development and releasing novel products that will be fit for varied parameters like low-pressure to medium-pressure liquid chromatography. These enterprises also engage in strategic mergers, acquisitions, partnerships, and collaborations to strengthen their market footprints.
Labome, IBA GmbH, Purolite Life Sciences, Roche Holding AG, Merck KGaA, Promega Corporation, Pall Corporation, Takara Bio Inc., Sterogene Bioseparations, Mayflower Bioscience, Molecular Cloning Laboratories, and Expedeon Ltd., among others, are a few of the key players in the protein purification resin market profiled in the full version of the report.
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More Insights Into Protein Purification Resin Market
FMI offers an unbiased analysis of the global protein purification resin market in its latest report, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (protein A, protein G, protein L), end-use (pharmaceutical, research laboratories, academic research institute), distribution channel (direct sales channel/ B2B, indirect sales channel B2C, specialty stores, online retail, other retail formats), and region.
According to the same reports, based on region, the protein purification resin market in North America will present strong growth during 2022 and 2032. The target market in this region will account for the largest portion of the global market share. Robust research and development activities and immense support from the pharmaceutical industry fuel the growth of the protein purification resin market in North America. High funding for life science research, well-established infrastructure, and the presence of key manufacturers also foster growth for the market in this region.
Europe closely follows North America and holds the second-largest share of the overall market due to backing from the pharmaceutical industry. It is further estimated that Asia Pacific will register the highest growth rate in the protein purification resin market owing to expansive research and development efforts, favorable initiatives from governments of emerging economies like China and India, and greater funding from these countries for the development of new and inventive purification methods.
In conclusion, increasing research and development activities in academic, biotechnology, and pharmaceutical field across North America, Europe, and Asia Pacific will aid the growth of the protein purification resin market during the projection period.
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