Global Protein Crystallization & Crystallography Market is expected to grow at a CAGR of 8.6% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Protein Crystallization & Crystallography Market by Product & Service (Instruments, Reagents Kits/Screens, Software & Services, Consumables), Technology (Cryo-Electron Microscopy, X-Ray Crystallography, Small-Angle X-Ray Scattering, NMR Spectroscopy), End-User (Research & Government Institutes, Biotechnology Companies, Pharmaceutical Companies), Regions, and Global Forecast 2020-2027.
The global protein crystallization & crystallography market is expected to grow from USD 1.02 billion in 2019 to USD 1.97 billion by 2027, at a CAGR of 8.6% during the forecast period 2020-2027. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2020-2027. This growth is due to factors like the increasing demand for proteomics research and the increasing number of research institutes in the region. On the other hand, the North America region accounted for the major market share of 39.5% in the year 2019 (followed by Europe) and is anticipated to grow throughout the projected period. The large share of this segment is attributed to key factors such as increasing attention of stakeholders on R&D projects involving proteins, increasing government as well as academic investments in proteomics & genomics research, and growing investment in the development of drug designs based on structure.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the global protein crystallization & crystallography market are Biogenuix, Rigaku Corporation, Helix BioStructures LLC, SARomics Biostructures, Hampton Research, Arinax Scientific Instrumentation, Meiji Techno, Jena Bioscience GmbH, Proteros Biostructures GmbH, HiMedia Laboratories, Charles River Laboratories, and Bruker Corporation, among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global protein crystallization & crystallography market.
The product & service segment includes instruments, reagents kits/screens, software & services, and consumables. The consumables segment accounted for the majority share of the market in 2019 owing to a large number of microplates and reagent kits used in proteomics research and a rising demand for miniature screening plates used in automated liquid handlers. The technology segment includes cryo-electron microscopy, x-ray crystallography, small-angle x-ray scattering, and NMR spectroscopy. The x-ray crystallography segment was the largest market segment in 2019 due to its low operational costs and ease of use characteristics. The end-user segment includes research & government institutes, biotechnology companies, and pharmaceutical companies. The biotechnology companies segment is projected to grow at the highest CAGR during the upcoming years owing to the growing applications of protein crystallization techniques in material science.
About the report:
The global Protein Crystallization & Crystallography market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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