Rising Demand For Efficient Drug Discovery Techniques Boosts Global Protein Purification And Isolation Market To 2030


(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The "Protein Purification And Isolation Market Size, Share & Trends Analysis Report By Product (Instruments, Consumables), By Technology
, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global protein purification and isolation market
is expected to witness remarkable growth, reaching a projected value of USD 19.08 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 10.86% over the forecast period. This growth is attributed to technological advancements and increasing investment
s in the development of structure-based drugs, primarily by both private and public research organizations.

Several factors are contributing to the expansion of the protein purification and isolation market
, including the rising demand for research and development ( R&D
) categorization in the pharmaceutical and biotechnological sectors, as well as the emergence of novel
protein-based therapeutic compounds. Increased funding for R&D
from both commercial and public research entities, coupled with an emphasis on structure-based drug discovery, are driving market
growth. However, challenges such as high purification device costs and a shortage of skilled professionals are impeding market
expansion.

Key Market Drivers:

  • Advancements in Drug Discovery: The need for accurate discovery of novel
    ligands and the rapid production of purification kits is driving market
    growth. The desire for more advanced techniques for reliable protein molecule identification and purification, with minimal contaminants, is on the rise.
  • Efficiency and Speed: Rapid purification kits are becoming essential to shorten the purification and isolation process while maintaining efficacy. Affinity tags, which enable efficient one-step purification, are commonly used for protein isolation.
  • COVID-19
    Impact:
    The COVID-19
    pandemic disrupted global supply
    chains and funding availability, impacting the protein purification and isolation market
    . However, increased government
    investment
    in R&D
    is aiding market
    recovery.

    Market Segmentation:

  • Product: Consumables dominated the market
    , with a revenue share of over 61.39% in 2022, and are expected to continue growing due to high usage in cell lysis and increased commercialization of advanced resins.
  • Technology
    :
    Chromatography was the leading segment in 2022, with a revenue share of over 29.16%, thanks to its wide product range, superior results in complex protein purification, and reliability.
  • Application: Drug screening is expected to be the fastest-growing application, with a CAGR of 11.61%, driven by its high efficacy and increased R&D
    investment
    s for novel
    drug screening.
  • End-Use: Hospitals are projected to exhibit the fastest growth rate due to the increasing adoption of protein purification techniques.
  • Regional Insights: North America dominated the market
    in 2022 (47.20% revenue share) due to established research infrastructure, the presence of major players, and technological advancements. Asia Pacific is estimated to register the highest CAGR, driven by economic stability, growth in contract research organizations (CROs), and R&D
    activities.

    Companies Mentioned

    • Thermo Fisher Scientific Inc.
    • Merck KGaA
    • QIAGEN N.V.
    • Bio-Rad Laboratories, Inc.
    • Agilent Technologies
    • Promega Corporation
    • GE Healthcare
    • Norgen Biotek Corp.
    • Abcam plc
    • Danaher

    Key Attributes:

  • Report Attribute Details
    No. of Pages 180
    Forecast Period 2022 - 2030
    Estimated Market Value (USD) in 2022 $8.44 Billion
    Forecasted Market Value (USD) by 2030 $19.08 Billion
    Compound Annual Growth Rate 10.8%
    Regions Covered Global

    Key Topics Covered:
    Chapter 1 Methodology and Scope
    Chapter 2 Executive Summary
    Chapter 3 Market Variables, Trends & Scope
    3.1. Market Lineage Outlook
    3.1.1. Parent Market Outlook
    3.1.2. Related/Ancillary Market Outlook
    3.2. Market Dynamics
    3.2.1. Market Driver Analysis
    3.2.1.1. Increase In Investment In Pharmaceutical
    And Biotechnological R&D

    3.2.1.2. Growing Need For More Accurate And Rapid Purification Kits
    3.2.1.3. Technological Advancements In Protein Purification And Isolation Techniques
    3.2.2. Market Restraint Analysis
    3.2.2.1. High Cost Of Purification Instruments And Lack Of Skilled Professionals Industry Analysis Tools
    3.2.3. Porter's Five Forces Analysis
    3.2.4. PESTEL Analysis
    3.2.5. COVID-19
    Impact Analysis
    Chapter 4 Products Business Analysis
    Chapter 5 Technology
    Business Analysis

    Chapter 6 Application Business Analysis
    Chapter 7 End Use Business Analysis

    Chapter 8 Regional Business Analysis
    Chapter 9 Company Profiles

    For more information about this report visit

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    Attachment

    • Global Protein Purification And Isolation Market



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