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HEALTHCARE & PHARMACEUTICAL

Global & Southeast Asia Protein Purification & Isolation Market Segmentation By Product (Instruments and Consumables) and By Technology (Ultrafiltration, Precipitation, Chromatography, Electrophoresis, Western Blotting and Others) - Industry Demand Analysis and Opportunity Assessment 2019-2030

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • July 2020: Thermo Fisher Scientific Inc. and First Genetics JCS formed a collaborative partnership focused on commercializing next-generation sequencing (NGS)-based diagnostics in Russia.

  • July 2020: Merck KGaA plans to build a new USD 19.96 million laboratory facility in Buchs, Switzerland to support the company’s rapidly growing reference materials business.

Market Overview

Protein purification refers to the series of processes which are intended towards the isolation of a single type of protein from a complex mixture. Protein isolation and purification is one of the first steps in many experiments, useful in the determination of protein structure or biologic activity. The global & southeast Asia protein purification & isolation market reached USD 6,267.60 million in 2019 and is expected to reach USD 15,610.92 million by 2030, by registering a CAGR of 8.65% across the globe during the forecast period 2021-2030. The market is thriving on the back of the growing need to identify new protein-based drug molecules, increasing research activities in the pharmaceutical and biotechnological fields, and rising demand for rapid purification kits for rapidly preparing, screening, purifying, and concentrating protein samples. Moreover, increasing adoption of protein purification and isolation solutions, increasing investments by the leading protein purification and isolation companies for research and development projects and the increasing investments made by the companies for acquisitions and collaborations are some of the additional factors anticipated to promote towards the growth of the global and southeast Asia protein purification & isolation market.

Growth Highlights Based on Region During 2019-2030

The global and southeast Asia protein purification & isolation market is segmented by regions into North America, Latin America, Europe, Asia Pacific, South East Asia and Middle East and Africa. Among these regions, the market in North America registered the largest market share of 26.14% along with a value of USD 1638.48 million in the year 2019 and is 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. The market in the region is thriving on the back of numerous factors, including increasing research in pharmaceutical and biotechnological fields, growing demand for rapid purification kits in rapidly screen test, paradigm shift towards automated instrumentation for protein purification and growth of proteomics market. Additionally, increasing demand for specialized drugs, presence of a large number of market players, developed research and development infrastructure and the increasing technological advancements in the proteomics field are some of the additional factors anticipated to drive the market growth in the region.

Asia Protein Purification Image

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation Synopsis

By Product

The global and southeast Asia protein purification & isolation market has been segmented by product into instruments and consumables. The consumables segment is further divided into kits, reagents, columns, resins and magnetic beads. The kits segment registered the largest market share of 29.27% along with a value of USD 612.70 million in the year 2019 and is 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. Kit is a tool used for the purification and preparation of proteins from tissues or cells and can isolate protein from large samples of tissue or cultured cells. The kits help to prepare whole lysates and specific cellular fractions which is especially important when performing 2D electrophoresis by reducing the complexity making the analysis much easier. On the other hand, consumables are components which are used along with instruments in protein purification and isolation.

Asia Protein Purification & Isolation Market Share Graph

Market Drivers and Challenges

Growth Indicators

Growing Need for More Accurate and Purification Kit

Purified proteins are required for an array of experimental applications, including structural studies and in vitro biochemical assays. Proteins can be obtained by the overexpression in yeast, bacteria or mammalian cells in culture or from a tissue. Based on differences in their physical properties, protein purification involves isolating proteins from the source. The objective of a protein purification is to retain the largest amount of the functional protein with fewest contaminants. The purification of a protein must be optimized to complete this process in the least number of steps. Moreover, there is also an increase in demand for technologically advanced techniques backed by the growing need for accurate identification of several new protein molecules, coupled with the purification and isolation of functional proteins with minimum contaminants. Rapid purification kits are required to decrease the time taken for purification and isolation with the same efficacy. Affinity tags are extensively used for the isolation and purification of proteins as these facilitate efficient purification in a single step. The rising need to accurately identify new ligands and develop rapid purification kits that can screen, prepare, purify, and concentrate protein samples are anticipated to drive the growth of the global and southeast Asia protein purification & isolation market.

Increasing Research & Developmental Activities

Governing bodies are increasingly investing in R&D and undertaking initiatives that promote the development and growth of pharmaceutical and biotechnology markets. For protein purification and isolation solutions, pharmaceutical is a highly lucrative industry owing to the significant investments for the development of biomarker specific molecules. In the preclinical drug development phase, precise isolation of proteins with a significant amount of purified substrate is a vital component. On the other hand, technological advancements in the protein purification and isolation process, such as the increasing preference for magnetic and protein beads and ligand tagging system over traditional methods, such as agarose beads and other resins, coupled with the rising utilization of automated analysers are anticipated to drive the growth of the global and southeast Asia protein purification & isolation market.

Barriers

High Cost of Instruments and Tools

The high costs of instruments and tools hampers the adoption rate of the protein purification and isolation solutions dramatically. Additionally, the difficulties observed in maintaining one size that fits all purification kits of sample preparation in laboratory, coupled with the factors such as the high costs and problems with scaling up the purification and isolation processes and the doubts on the efficiency of the solutions are some of the factors anticipated to limit the growth of the global and southeast Asia protein purification & isolation market.

Competitive Landscape

Some of the affluent industry leaders in the global and southeast Asia protein purification & isolation market are Thermo Fisher Scientific Inc., Merck KGaA, Sigma-Aldrich Co., QIAGEN GmbH, Bio-Rad Laboratories, Inc., Agilent Technologies, General Electric Company, Abcam plc and F. Hoffmann-La Roche Ltd.

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