Meticulous Research®—a leading global market research company, published a research report titled, "Protein Purification & Isolation Market By Product (Instruments, Consumables, Software), Technique (Ultrafiltration, Precipitation, Chromatography, Western Blotting), Application (Drug Screening, Target Identification), End User- Global Forecast to 2030.'
According to this latest publication from Meticulous Research®, the global protein purification and isolation market is projected to reach $ 15.04 billion by 2030, at a CAGR of 9.1% during the forecast period 2023–2030. The growth of the protein purification and isolation market is driven by the growing need to identify new protein-based drug molecules, rising research in pharmaceutical and biopharmaceutical fields, and increasing focus on precision medicine. Additionally, the increasing demand for protein therapeutics and rising spending on R&D in pharmaceutical and biotechnology industries are creating opportunities for the growth of this market.
Protein Purification and Isolation Market: Future Outlook
The global protein purification and isolation market study is segmented by products (instruments, consumables [protein purification kits, reagents, prepacked columns, protein purification resins, magnetic beads, and other consumables]), technique (ultrafiltration, precipitation, chromatography [liquid chromatography, ion exchange chromatography, affinity chromatography, reversed-phase chromatography (RPC), hydrophobic interaction chromatography (HIC), size-exclusion chromatography (gel filtration)], electrophoresis[gel electrophoresis, isoelectric focusing, capillary electrophoresis], western blotting, dialysis and diafiltration, centrifugation, and other techniques), application (drug screening, protein-protein interaction studies, target identification, protein therapeutics, and other applications), end user (academic & research institutes, hospitals & diagnostics centers, pharmaceutical & biotechnology companies, contract research organizations (CROs), and other end users), and geography. The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.
Based on product, in 2023, the consumables segment is expected to account for the largest share of the global protein purification and isolation market. The large market share of this segment is attributed to recurrent revenue generation from protein purification and isolation consumables, the commercial availability of a diverse range of consumables, and the increased focus of pharmaceutical stakeholders to develop biopharmaceuticals.
Based on technique, in 2023, the chromatography segment is expected to account for the largest share of the global protein purification and isolation market. Chromatography is an accurate and sensitive technique for isolation or protein purification. It ensures precise analysis, separation, and purification of analytes. The requirement of low sample volume and its utilization across a wide range of applications support the large adoption of this technique.
Based on application, in 2023, the protein-protein interaction studies segment is expected to account for the largest share of the global protein purification and isolation market. Protein-protein interactions help in correctly predicting target protein functions. A large number of research studies conducted in the area of biopharmaceuticals support the large market share of this segment.
Based on end user, the academic & research institutes segment is projected to register the highest CAGR over the forecast period. Academic & research institutes concentrate more on research studies concerning the structure and function of proteins. These institutes are equipped with state-of-the-art technologies and also get external funding for R&D, offering opportunities for research involving protein isolation and purification.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.
Based on geography, in 2023, North America is expected to account for the largest share of the protein purification and isolation market, followed by Europe and Asia-Pacific. This market is primarily driven by technological advancement in proteomics, established research infrastructure, and high R&D investment by the public and private sectors. The presence of key companies such as Thermo Fisher Scientific Inc.(U.S.) and Bio-Rad Laboratories, Inc. (U.S) also support the large share of this market. In 2023, the U.S. is expected to account for the largest share of the protein purification and isolation market in North America.
The key players operating in the global protein purification and isolation market are Thermo Fisher Scientific Inc.(U.S.), Bio-Rad Laboratories, Inc. (U.S.), Merck KGaA (Germany), QIAGEN N.V. (Germany), Danaher Corporation (U.S.), Agilent Technologies, Inc. (U.S.), Promega Corporation (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), BioVision Inc.(U.S.), Norgen Biotek Corporation (Canada), and Sartorius AG (Germany).
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