Research Nester has released a report titled “Global & Southeast Asia Protein Purification & Isolation Market – Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global global & southeast Asia protein purification & isolation market in terms of market segmentation by product, technology, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global and southeast Asia protein purification & isolation market is segmented by product into instruments and consumables. The consumables segment is further divided into kits, reagents, columns, resins and magnetic beads, out of which, the kits segment registered the largest market share of 29.27% in the year 2019 as it can help prepare whole lysates and specific cellular fractions for performing 2D electrophoresis, therefore reducing the complexity for analysis. The segment, which reached a value of USD 612.70 million in the year 2019, is further anticipated to reach a value of USD 1518.07 million by the end of 2030 by growing at a CAGR of 8.60% during the forecast period, i.e. 2021-2030.
The global and southeast Asia protein purification & isolation market is anticipated to achieve a CAGR of 8.65% across the globe during the forecast period on account of the increasing research activities in the pharmaceutical and biotechnological fields, growing need to identify new protein-based drug molecules, and rising demand for rapid purification kits for rapidly preparing, screening, purifying, and concentrating protein samples. Additionally, factors such as the increasing investments by the leading protein purification and isolation companies for research and development projects, increasing adoption of protein purification and isolation solutions, and the increasing investments made by the companies for acquisitions and collaborations are anticipated to promote towards the growth of the global and southeast Asia protein purification & isolation market. Additionally, the market, which registered a value of USD 6,267.60 million in the year 2019 is further anticipated to reach USD 15,610.92 million by 2030.
Regionally, the global and southeast Asia protein purification & isolation market is segmented into six major regions including North America, Latin America, Europe, Asia Pacific, South East Asia and Middle East and Africa. The market in North America registered the largest market share of 26.14% in the year 2019 on account of the growing demand for rapid purification kits in rapidly screen test, increasing research in pharmaceutical and biotechnological fields, growing proteomics market, paradigm shift towards automated instrumentation for protein purification, increasing technological advancements in the proteomics field and the presence of a large number of market players among others. The market in the region, which registered a value of USD 1638.48 million in the year 2019, is further expected to reach a value of USD 4111.92 million by the end of 2030 by growing at a CAGR of 8.72% during the forecast period.
Growing Need for More Accurate and Purification Kit
Protein purification is an important process during the extraction of protein from a cell or a tissue. Purified proteins are utilized in a variety of experimental applications. Increasing need for the contamination free extraction process of purified proteins on the back of the complexities observed in the purification process is also contributing to the growing demand for solutions which can help lower contamination. One of the solutions include decreasing the time taken for the purification and isolation of proteins. Development of rapid purification kits largely solves the extraction process, yet the increasing need for the advancement in the extraction process with the help of more accurate and purification kit are therefore anticipated to drive the growth of the global and southeast Asia protein purification & isolation market.
However, concerns regarding the high costs of instruments and tools that are required for the extraction and isolation processes of proteins is anticipated to hamper the growth of the global and southeast Asia protein purification & isolation market.
This report also provides the existing competitive scenario of some of the key players of the global and southeast Asia protein purification & isolation market, which includes company profiling of Thermo Fisher Scientific Inc. (NYSE: TMO), Merck KGaA (ETR: MRK), Sigma-Aldrich Co., QIAGEN GmbH, Bio-Rad Laboratories, Inc. (NYSE: BIO), Agilent Technologies (NYSE: A), General Electric Company (NYSE: GE), Abcam plc (LON: ABC) and F. Hoffmann-La Roche Ltd. (SWX: RO). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global and southeast Asia protein purification & isolation market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.