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 characterization and identification market report forecasts the protein characterization and identification market size to grow to $28.50 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.
Learn More On The Protein characterization And Identification Market Report 2023 – https://www.thebusinessresearchcompany.com/report/protein-ccharacterization-and-identification-global-market-report
Protein characterization And Identification Market Size Forecast
The global protein characterization and identification market is expected to grow from $14.67 billion in 2022 to $16.76 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. 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 global protein characterization and identification market size is expected to grow to $28.50 billion in 2027 at a CAGR of 14.2%.
North America held the largest protein characterization and identification market share.
Key Protein characterization And Identification Market Driver – Increase In Drug Development Activities
For example, 66 new active substances (NAS) were launched for the first time globally in 2020, according to a 2021 study published by the IQVIA Institute for Human Data Science, a US-based organisation specialising in promoting human health. By 2020, emerging biopharma companies will have produced and introduced 40% of NASs. As a result, rising drug development activities move the protein characterization and identification market forward.
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Key Protein characterization And Identification Market Trend – Product Innovation
Major market companies are implementing creative ways to stay competitive. SCIEX, a US-based life science analytical technology company, for example, announced the Fast Glycan Labelling and Analysis kit and a software upgrade for the Biologics Explorer program in January 2023. Biologics Explorer 3.0 provides extensive sequence coverage and a deeper understanding of the protein’s critical modification locations. The quick Glycan Labelling and Analysis kit produces repeatable results while allowing for the characterization and identification of quick glycan heterogeneity. Both approaches are critical for the rapid and precise characterization of biotherapeutics.
Protein characterization And Identification Market Segment
1) By Product Type: Consumables, Instruments, Services
2) By Application: Drug Discovery And Development, Clinical Diagnosis
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Research Institutions, Contract Research Organizations, Other End Users
Protein characterization And Identification Market Major Players and Strategies
Major players in the protein characterization and identification market are Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, General Electric Company, Merck KGAA, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation, Promega Corporation, Sartorius AG, Analytik Jena, Sigma-Aldrich Corp., and Creative Proteomics.
Danaher Corporation, a US-based science and technology innovation business, acquired Aldevron for an undisclosed sum in June 2021. Danaher will be able to better serve its customers and assist its efforts to bring new life-saving therapies and vaccines to market more swiftly as a result of this transaction. Aldevron is a biotechnology company established in the United States that specializes in high-quality plasmid DNA, proteins, and enzymes.
The Protein characterization And Identification Global Market Report 2023 covers regional data on protein characterization and identification market size, protein characterization and identification market trends and drivers, opportunities, strategies, and protein characterization and identification market competitor analysis. The countries covered in the protein characterization and identification 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 characterization and identification are components of recombinant protein expression that are used to identify and characterise final protein products. It comprises analytical tools and procedures for producing and developing high-quality protein products.
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