Why Is the Protein Purification and Isolation Market Expected to Be Worth $15.04 Billion by 2030?


Posted August 22, 2024 by Pratiksha

According to projections, the Protein Purification and Isolation Market will achieve a valuation of $15.04 billion by 2030, with a steady CAGR of 9.1% from 2024 through 2030.
 
According to the "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" report by Meticulous Research®, the market is projected to reach $15.04 billion by 2030, with a CAGR of 9.1% during the forecast period from 2023 to 2030.

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Protein Purification Significance
Protein purification is a fundamental process for analyzing protein structures, interactions, and functions. The aim is to isolate functional proteins in significant quantities while minimizing contamination. This involves separating proteins from other components using various techniques. Rapid purification kits have improved the efficiency of these processes. The techniques are crucial for applications in drug discovery, biomarker research, and protein therapies.

Impact of the COVID-19 Pandemic
The COVID-19 pandemic affected the protein purification market by disrupting supply chains and delaying product availability. Despite these challenges, the importance of protein purification was highlighted by the increased demand for diagnostic supplies, such as the isolation of viral proteins for SARS-CoV-2 diagnosis.

Market Segmentation Overview
The market is segmented by product type (instruments, consumables including kits, reagents, prepacked columns, resins, magnetic beads), technique (ultrafiltration, precipitation, chromatography such as liquid, ion exchange, affinity, reversed-phase, hydrophobic interaction, size-exclusion, electrophoresis, western blotting, dialysis, centrifugation), application (drug screening, protein-protein interaction studies, target identification, protein therapeutics), and end user (academic & research institutes, hospitals & diagnostics centers, pharmaceutical & biotechnology companies, CROs). The report also includes an analysis of market competitors and their shares.

Product Segment Details
Consumables are expected to be the largest segment in 2023, supported by their frequent use and the availability of various products. This includes purification kits and reagents essential for effective protein purification.

Technique Segment Details
Chromatography is projected to dominate the market in 2023 due to its precision and effectiveness in protein separation. The technique’s ability to provide accurate and efficient results contributes to its market leadership.

Application Segment Details
Protein-protein interaction studies are anticipated to be the leading application segment in 2023. These studies are important for understanding enzyme behavior and developing new therapeutic approaches.

End User Segment Details
Academic and research institutes are expected to experience the highest growth rate over the forecast period due to advancements in technology and increased research funding.

Regional Market Insights
North America is expected to hold the largest market share in 2023, driven by substantial R&D investments, advanced healthcare infrastructure, and the presence of major industry players.

Leading Market Players
Key players in the protein purification and isolation market include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Merck KGaA, QIAGEN N.V., Danaher Corporation, Agilent Technologies, Promega Corporation, F. Hoffmann-La Roche Ltd, BioVision Inc., Norgen Biotek Corporation, and Sartorius AG.

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Last Updated August 22, 2024