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The protein purification and isolation market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

Read More On The Protein Purification And Isolation Market Report 2022 – https://www.thebusinessresearchcompany.com/report/protein-purification-and-isolation-global-market-report

The Protein Purification And Isolation Market Size In 2022 And Forecast

The global protein purification and isolation market is expected to grow from $6.93 billion in 2021 to $7.74 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The protein purification and isolation market is expected to reach $11.02 billion in 2026 at a CAGR of 9.2%.

The protein purification and isolation market consist of sales of protein purification and isolation products by entities (organizations, sole traders, and partnerships) that are used in various purification methods such as monoclonal antibody discovery, viral contaminant removal, and preparative protein isolation.

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Increase In Spending By Governments On R&D In Pharmaceutical And Biotechnology Is Driving The Growth Of The Protein Purification And Isolation Market

For instance, according to the Indian Brand Equity Foundation, an India-based export promotion agency, the Indian government has allocated US$ 10.35 billion and the Department of Health Research has allocated US$ 365.68 billion respectively towards the promotion of the pharma sector for the year 2021. Further, according to The Good Food Institute, a US-based alternative protein innovation organization, in 2021, the US department of agriculture and National science, a US-based food safety organization spent US$50 million on advancements in the development of alternative proteins. Therefore, the Increasing spending by governments on research and development in pharmaceutical and biotechnology is driving the growth of the protein purification and isolation markets.

Competitive Landscape And The Regional Analysis Of The Protein Purification And Isolation Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the protein purification and isolation market in 2021 holding the largest market share.

The Protein Purification And Isolation Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the protein purification and isolation market.

Technological Advancement – A Key Trend In The Protein Purification And Isolation Market

Major companies operating in the market are focused on developing new technological innovations to gain a competitive advantage.

Protein Purification And Isolation Market Segmentation By The Business Research Company

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

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