PUBLISHER: Grand View Research | PRODUCT CODE: 1587541
PUBLISHER: Grand View Research | PRODUCT CODE: 1587541
The Latin America protein purification & isolation market size is estimated to reach USD 1.26 billion by 2030, expanding at a CAGR of 9.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising R&D activities by pharmaceutical companies are expected to boost the demand for purification & isolation of proteins for preclinical drug development phase.
In addition, technology is advancing in line with the rising need for more accurate and rapid purification & isolation of proteins. For instance, ProteoSpin Inclusion Body Protein Isolation Micro and Maxi Kits rapidly isolates body proteins under 60 minutes. Thus, increasing use of rapid and robust kits is expected to fuel the market growth during the forecast period.
Furthermore, favorable government policies are anticipated to boost the market growth. The NAFTA renegotiation in Mexico is focusing on shaping regulatory frameworks and laws to facilitate international transfer of skills and capital. The NAFTA renegotiation and Trans-Pacific Partnership negotiations are expected to lead to the growth of the biotechnology market in this country.
Increase in academic institutes conducting research studies on protein purification is anticipated to boost the development of new ways to combat diseases, thereby fueling market growth. For instance, in November 2017, a study research was published in Protein Expression and Purification demonstrating purification of Andes virus glycoproteins Gn and Gcto. It was found that the protein can be useful in development of a vaccine against Andes virus.
Brazil dominated the market in 2019 owing to the presence of well-established computational approaches for analyzing various techniques, advancements in mass spectrometry-based purification methods combined with new researches in this field that strengthen research and emphasize the importance of science in the Brazilian society. However, Chile is anticipated to be the fastest-growing country during the forecast period.