Global Protein Purification And Isolation Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s protein purification and isolation market report forecasts the protein purification and isolation market size to grow to $12.44 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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Protein Purification And Isolation Market Size Forecast
The global protein purification and isolation market is expected to grow from $7.77 billion in 2022 to $8.58 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The protein purification and isolation market size is expected to grow to $12.44 billion in 2027 at a CAGR of 9.7%.
North America held the largest protein purification and isolation market share.
Key Protein Purification And Isolation Market Driver – Increase In Spending By Governments On R & D In Pharmaceutical And Biotechnology
According to the Indian Brand Equity Foundation, an export promotion agency based in India, the Indian government has set aside USD 10.35 billion and the Department of Health Research has set aside USD 365.68 billion for pharmaceutical sector promotion in 2021. Furthermore, the US Department of Agriculture and National Science, a US-based food safety organisation, will spend USD50 million in 2021 on advancements in alternative protein development, according to The Good Food Institute, a US-based alternative protein innovation organisation. As a result, rising government spending on pharmaceutical and biotechnology R&D is driving the protein purification and isolation markets forward.
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Key Protein Purification And Isolation Market Trend – Technological Advancement
Major market players are focusing on developing new technological innovations to gain a competitive advantage. For example, Thermo Fisher Scientific, a manufacturer of scientific instruments and medical software services based in the United States, will release the KingFisher Apex Purification System in April 2021. It is a sample purification instrument for high-protein samples used by scientists who extract DNA, proteins, and cells. This system facilitates protein and cell isolation and provides a tailored process for flexible, reproducible, and quick sample preparation at no additional cost. It uses automation technology to generate error-free reports as well as high-quality nucleic acids and proteins. This protein purification device can process 24 to 96 samples in 25 to 65 minutes.
Protein Purification And Isolation Market Segment
1) By Product: Instruments, Consumables
2) By Technology: Ultrafiltration, Precipitation, Preparative Chromatography, Electrophoresis, Western Blotting, Dialysis and Diafiltration, Centrifugation
3) By Application: Drug Screening, Protein-Protein Interaction Studies, Biomarker Discovery, Target Identification, Protein Therapeutics, Disease Diagnostics and Monitoring
4) By End User: Academic Medical Institutes, Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Contract Research Organizations
Protein Purification And Isolation Market Major Players and Strategies
Major players in the protein purification and isolation market are Abcam PLC, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., BioVision Inc., Norgen Biotek Corp., GE Healthcare, GEA Group AG, Expedeon Ltd., Creative Biostructure, Qiagen, Geno Technology Inc., The Merck Group, Labome, Promega Corporation, OPRL Biosciences Pvt.Ltd., Purolite, Takara Bio Inc., Roche Applied Science, and Sigma-Aldrich.
Beximco Pharmaceuticals Ltd., a Bangladesh-based pharmaceutical company, acquired Sanofi Bangladesh in November 2021 for an undisclosed sum. As a result of this acquisition, Beximco expects to strengthen its position in key therapeutic areas, resulting in long-term revenue and profit growth. Sanofi is a French healthcare company that specialises in protein purification as well as medicine and vaccine production.
The Protein Purification And Isolation Global Market Report 2023 covers regional data on protein purification and isolation market size, protein purification and isolation market trends and drivers, opportunities, strategies, and protein purification and isolation market competitor analysis. The countries covered in the protein purification and isolation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Protein purification and isolation are the processes that are used to separate an interesting protein from its surroundings. In other words, from a lab-created cell culture or from the other natural chemicals naturally surrounding proteins in the natural niche of a host organism. This process aids in determining the existence of the protein from the source based on differences in their properties.
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