PUBLISHER: Allied Market Research | PRODUCT CODE: 1414951
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414951
According to a new report published by Allied Market Research, titled, "Protein Assays Market," The protein assays market was valued at $2.4 billion in 2022, and is estimated to reach $4.5 billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032. Protein assays is one of the most used techniques in life science research. Protein purification, electrophoresis, cell biology, molecular biology, and other scientific applications require the estimation of protein concentration. Although there are a wide variety of protein assays available, none of the assays can be used without first considering their suitability for the application in drug discovery and disease diagnosis. Each assay has its own advantages and limitations and often it is necessary to obtain more than one type of protein assay for research applications.
The purpose of protein assay is to determine the amount or concentration of a specific protein or an array of different proteins in a sample. Isolating and detecting protein is used for many clinical and research processes. This can be a primary step before further manipulation in a research and development process, an initial capture of protein before structural analysis, or it can be a final detection step in a clinical laboratory as part of a disease diagnosis.
The determination of protein concentrations provides information about the necessity of corresponding intermediate steps. Protein quantitation could either be required for the total protein content of a sample, or for purified subsets thereof, such as affinity column fractions. There are various methods for protein assays such as dye binding protein assays (Bradford), protein assays based on copper ions (Lowry), or a novel test strip and spot application assay.
Major factors that drive the growth of the global protein assays market include rise in prevalence of chronic disease, upsurge in demand for personalized medicine, and critical role of protein assay method in drug discovery and development. Furthermore, increase in R&D investment in pharmaceutical & biotechnology industries for the development of technologically advanced protein assay kits and reagents and instruments and increase in the number of research activities in the field of proteomics are the major factors that increase the demand for protein assays tests kits and instruments and hence propel the growth of the market. In addition, increase in number of key market players and strategies they adopt for the development of technologically advanced protein assays products are the major factors that boost the growth of the protein assays market. For instance, in May 2023, 10x Genomics, Inc. a leader in single cell and spatial biology, announced the commercial availability of a new Visium CytAssist gene and protein expression product to expand the breadth of the Visium CytAssist spatial analysis capabilities. Visium CytAssist gene and protein expression enables researchers to simultaneously produce highly multiplexed protein and whole transcriptome RNA data mapped together from the same formalin-fixed, paraffin-embedded (FFPE) tissue section at high spatial resolution.
However, the lack of skilled workers and prohibitive cost associated with protein assay restrain the growth of the protein assays market. On the contrary, surge in demand for personalized medicine and expansion in the use of drug proteins are expected to provide lucrative opportunities for the growth of the protein assays market during the forecast period.
The protein assays market is segmented into product type, technology, application, end user, and region. Based on product type, the market is bifurcated into kits & reagents and instruments and accessories. Based on technology, it is divided into absorbance-based protein assay, colorimetric based protein assay and fluorescence-based protein assays. Based on application, it is classified into drug discovery and development and disease diagnosis. Based on end user, it is divided into pharmaceutical and biotechnology companies, clinical laboratories, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Sartorius AG, Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Perkin Elmer Inc., Meril Life Sciences Pvt. Ltd., Abcam PLC, Cell Signaling Technology, Merck KGaA, Bio-Rad Laboratories Inc, and Bio-Techne. The key players such as Sartorius AG and Abcam PLC have adopted product launch, acquisition, and partnership as major developmental strategies to improve the product portfolio.
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