Meticulous Research®—a renowned global market research company—has released an in-depth 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."
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Market Overview and Growth Drivers
According to the latest analysis from Meticulous Research®, the global protein purification and isolation market is forecasted to grow to $15.04 billion by 2030, achieving a CAGR of 9.1% from 2023 to 2030. This growth is driven by the increasing demand for new protein-based drug molecules, expanding research activities in pharmaceutical and biopharmaceutical fields, and a rising emphasis on precision medicine. Additionally, the market is bolstered by the growing need for protein therapeutics and increased R&D spending in the pharmaceutical and biotechnology sectors.
Key Insights from the Report:
Product Insights: In 2023, the consumables segment is expected to dominate the market share due to the recurring revenue from consumables, diverse product availability, and the pharmaceutical sector's focus on developing biopharmaceuticals.
Technique Insights: Chromatography is anticipated to hold the largest market share in 2023, credited to its accuracy, sensitivity, and broad application spectrum in isolation and purification processes.
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Application Insights: The protein-protein interaction studies segment is projected to lead the market in 2023, driven by the significance of these interactions in predicting protein functions and the volume of research in biopharmaceuticals.
End User Insights: The academic and research institutes segment is expected to register the highest CAGR during the forecast period, supported by advanced technologies, external funding, and a strong focus on protein structure and function research.
Regional Analysis
Geographical Insights: In 2023, North America is anticipated to hold the largest share of the market, followed by Europe and Asia-Pacific. Factors contributing to this include advanced proteomics technologies, robust research infrastructure, substantial R&D investments, and the presence of key industry players such as Thermo Fisher Scientific Inc. and Bio-Rad Laboratories, Inc.
Key Market Players:
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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About Meticulous Research®
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