Global & Southeast Asia Protein Purification & Isolation Market To Grow On The Back Of Growing Need for More Accurate and Purification KitBy A CAGR of 8.65% Throughout 2021-2030
Research Nester has released a report titled “Global & Southeast Asia Protein Purification & Isolation Market – Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The extraction process of protein from a cell or a tissue includes the important process of purification of protein. The process of purification and isolation of protein possesses a complex extraction process, which often results to contamination of the extracted protein. Moreover, the time-consuming extraction process also raises the chances of contamination during the extraction process. As a result, there is a growing need amongst researchers and laboratory analysts to reduce the contamination during the extraction and isolation process of proteins, which in turn is raising the need for more accurate and purification kit. Such factors are anticipated to drive the growth of the global and southeast Asia protein purification & isolation market.
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, i.e. 2021-2030. Growing need to identify new protein-based drug molecules, increasing research activities in the pharmaceutical and biotechnological fields, rising demand for rapid purification kits for rapidly preparing, screening, purifying, and concentrating protein samples, 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 factors anticipated to promote towards the growth of the global and southeast Asia protein purification & isolation market. The market is further anticipated to reach USD 15,610.92 million by 2030 from a value of USD 6,267.60 million in 2019.
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. Among these segments, the kits segment registered the largest market share of 29.27% in the year 2019 and is further anticipated to reach a value of USD 1518.07 million by the end of 2030 from a value of USD 612.70 million 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. Additionally, the segment is anticipated to grow with a CAGR of 8.60% during the forecast period.
Geographically, the global and southeast Asia protein purification & isolation market is segmentedsix major regions including North America, Latin America, Europe, Asia Pacific, South East Asia and Middle East and Africa. T he market in North America registered the largest market share of 26.14% in the year 2019 and is further expected to reach a value of USD 4111.92 million by the end of 2030 from a value of USD 1638.48 million in the year 2019. The market in the region is primarily driven by the growing demand for rapid purification kits in rapidly screen test, growing proteomics market, paradigm shift towards automated instrumentation for protein purification, increasing research in pharmaceutical and biotechnological fields, increasing technological advancements in the proteomics field and the presence of a large number of market players among others.
However, concerns for the high costs of instruments and tools that are required for the extraction and isolation processes of proteins is anticipated to hinder the growth of the global and southeast Asia protein purification & isolation market.
This report also studies existing competitive scenario of some of the key players of the global and southeast Asia protein purification & isolation market, which includes 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 comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global & Southeast Asia Protein Purification & Isolation Market – Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global and southeast Asia protein purification & isolation industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global and southeast Asia protein purification & isolation market in the near future.