Market Synopsis:
Protein assays are gaining momentum in the
healthcare sector for examining protein in sample concentrations. It plays a
crucial role in life science research which is anticipated to generate demand
and investments over the next couple of years. The study offered by Market
Research Future (MRFR) asserts that the global protein assays market is poised to register a
double-digit CAGR of 11.20% through the forecast period.
The increasing demand for drug discovery
and research is forecasted to expand the protein assays market in the years to
come. Also, the growth of the biotechnology and pharmaceutical industries are
likely to propel market proliferation during the projection period.
Market Segmentation:
On the basis of type, the global protein
assays market has been segmented into test strip-based assays, copper-ion-based
assays, dye-binding assays, and others.
On the basis of application, the protein
assays market has been segmented into drug discovery, protein purification,
diagnosis, and others.
On the basis of product, the global protein
assays market has been segmented into instruments, reagents & kits, and
others.
On the basis of technology, the protein
assays market has been segmented into fluorescence-based protein assays,
colorimetric-based protein assays, and absorbance-based protein assays.
On the basis of end-user, the global
protein assays market has been segmented into academic institutes, hospitals
& diagnostic centers, pharmaceutical & biotechnology companies, and
others.
Regional Analysis:
By region, the global protein assays market
has been segmented into Americas, Europe, Asia Pacific, and the Middle East
& Africa (MEA). Americas is expected to hold a considerable share of the
market and witness boom in the forthcoming years. The region is equipped with
advanced technologies for supporting extensive research & development
activities in the pharmaceutical and biotechnology industries. Increasing life
science research projects for drug discovery and development in the region is
likely to propel the expansion of the protein assays market over the next
couple of years. In addition, the major players are based out of the region
that holds significant positions in the market share analysis. The growth of
these players is also anticipated to aid the growth of the market in the
region.
Europe is prognosticated to contribute
significantly to the development of the global market. The region is expected
to observe high investments in the pharmaceutical and biotechnology industries
in the forthcoming years. The favorable laws framed by the European Union for
regulating healthcare sector is also poised to boost the expansion of the
regional protein assays market over the next couple of years. In addition, the
availability of funds by private and public organizations for research &
development is anticipated to favor market expansion in the foreseeable future.
Asia Pacific resonates promising
opportunities for growth and is anticipated to benefit from the economic
development in fast-developing nations such as China and India. China is
investing in the development of the biotechnology industry. It is expected to
catapult the protein assay market in the region on its trajectory of growth.
The regional segment is also anticipated to observe increasing disposable
income over the next few years. This, in turn, is expected to boost expenditure
in the healthcare sector which is projected to favor market growth. Meanwhile,
the Middle East & Africa is anticipated to demonstrate a moderate rise in
the growth curve owing to developments in the healthcare sector of Middle
Eastern regions.
Competitive Dashboard:
The global protein assays market players are GE Healthcare (U.S.),
Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific (U.S.), Merck KGaA
(Germany), Abcam plc (U.S.), Cell Signaling Technology Inc. (U.S.), Lucigen
Corporation (U.S.), QIAGEN (Germany), PerkinElmer Inc. (U.S.), Lonza Group Ltd.
(Switerzland), BioVision Inc. (U.S.), Bio-Techne (U.S.), Illumina Inc. (U.S.),
Takara Bio Inc. (Japan), New England Biolabs (U.S.), Promega Corporation
(U.S.), and F. Hoffmann-La Roche Ltd (Switerzland).
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