Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.46 Billion | USD 21.12 Billion | 10.7% | 2023 |
The global protein purification and isolation market size was worth around USD 8.46 billion in 2023 and is predicted to grow to around USD 21.12 billion by 2032 with a compound annual growth rate (CAGR) of roughly 10.7% between 2024 and 2032.
A vital area of the biotechnology sector is protein purification and isolation, which entails removing particular proteins from complicated mixtures for use in commercial, medicinal, and research settings. Accurately examining the roles, architectures, and interactions of proteins is crucial for improving medicine development and biotechnological breakthroughs. Purified proteins are needed in a variety of fields, including academic research, pharmaceuticals, the food industry, and diagnostics, where accuracy and effectiveness are crucial for processes like antibody manufacturing and enzyme activity tests.
Rising government support and investments drive market growth
Governments everywhere are stepping up their R&D spending and implementing policies to help the biotechnology and pharmaceutical industries flourish. In addition, they have provided extra advantages through investment-friendly legislation, tax cuts, and subsidies, among other means.
Since the pharmaceutical sector has made significant investments in the creation of biomarker-specific chemicals, it is a very lucrative market for protein purification and separation solutions. Preclinical drug development depends on precise protein isolation, which is made possible by large quantities of purified substrates. This helps to support a promising market outlook for protein purification and isolation.
The high cost of equipment hinders market growth
The high cost of the instruments and equipment required for the purification process is a major barrier to the global market for protein purification and separation. Smaller research labs and companies with tighter budgets may find it difficult to afford the complex equipment and supplies needed for efficient protein purification. It can also be difficult and expensive to maintain purification kits that serve a variety of research needs. The market's potential for expansion is hampered by the high cost of instruments and the challenge of locating adaptable purification kits.
Technological advancements offer a lucrative opportunity for market growth
Throughout the projected period, the global protein purification and isolation market is anticipated to rise at a faster rate due to the rapid advancement of technology. Compared to traditional techniques, magnetic and protein beads and ligand tagging systems are greatly favored.
Additionally, the need for purification kits in quick screen testing is growing, and protein purification is moving toward more sophisticated equipment. Numerous purification methods, including Gel-Filtration Chromatography, Ion-Exchange Chromatography, Affinity Chromatography, Salting Out, Dialysis, and High-Pressure Liquid Chromatography, have been developed in recent years. Leading industry participants are concentrating on creating innovative protein purification technologies. For example, Bio-Rad Laboratories, a market leader, announced the release of Econofit, a platform for low-pressure prepacked chromatography columns, in August 2022. The recently released platform encourages protein purification experiment screening.
Stringent regulatory requirement poses a major challenge to market expansion
The market for protein purification and isolation is significantly affected by regulatory regulations, especially in the biopharmaceutical and therapeutic protein production industries. Although these rules guarantee the quality, safety, and effectiveness of products made from proteins, they also provide challenges for producers.
For instance, strict controls over the purification process, including documentation, validation, and monitoring at every stage, are required under GMP standards. Maintaining compliance raises production costs and operational burdens. Therefore, the stringent regulatory requirement is expected to pose a major challenge to the industry expansion.
Report Attributes | Report Details |
---|---|
Report Name | Protein Purification and Isolation Market |
Market Size in 2023 | USD 8.46 Billion |
Market Forecast in 2032 | USD 21.12 Billion |
Growth Rate | CAGR of 10.7% |
Number of Pages | 215 |
Key Companies Covered | Thermo Fisher Scientific, GE Healthcare, Merck KGaA, Bio-Rad Laboratories, Agilent Technologies, Qiagen, BioVision Inc., Promega Corporation, Abcam plc., Takara Bio Inc., Sartorius AG, PerkinElmer Inc., Pall Corporation, Waters Corporation, Sigma-Aldrich Corporation, Miltenyi Biotec, Roche Diagnostics, BioLegend Inc., Lonza Group Ltd., Novus Biologicals LLC, and others. |
Segments Covered | By Product, By Technology, By Application, By End-use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global protein purification and isolation industry is segmented based on product, technology, application, end-use and region.
Based on the product, the global protein purification and isolation market is segmented into instruments and consumables. The consumables segment is expected to dominate the protein purification and isolation market over the forecast period. The market for protein purification and isolation depends heavily on consumables since they are necessary for carrying out purification procedures reliably and efficiently. These consist of filtration membranes, chromatography resins, kits, reagents, and buffers. Due to growing applications across sectors, frequent consumption, and technological developments, the need for consumables is a major driver of this market's revenue growth.
Based on the technology, the global protein purification and isolation industry is bifurcated into ultrafiltration, precipitation, chromatography, electrophoresis, western blotting and others. The chromatography segment is expected to dominate the market over the forecast period. Comparing chromatography to its alternatives, it is one of the most sensitive and precise methods for protein separation and purification. Therefore, to broaden their product offerings, several businesses are concentrating on bringing new goods based on this technology to market.
Based on the application, the global protein purification and isolation industry is bifurcated into drug screening, biomarker discovery, protein-protein interaction studies and diagnostics. The protein-protein interaction studies segment is expected to dominate the market during the analysis period. The segment is growing as a result of the widespread use of these methods for producing highly purified proteins and the rise in structural protein-based research.
Based on the end-use, the global protein purification and isolation market is bifurcated into academic and research institutes, hospitals, pharmaceutical and biotechnological companies and CROs. The academic and research institutes are expected to hold the largest market share over the forecast period. The need for protein purification and isolation solutions is fueled by several variables, including the expansion of research projects in academic institutions for structural and functional proteomics, thorough kinetic analysis, and protein-protein interaction.
North America dominates the market over the projected period
North America is expected to dominate the protein purification and isolation market during the forecast period. The existence of a strong biotechnology and pharmaceutical sector is the reason for the regional expansion. Consequently, significant expenditures on research and development (R&D) initiatives are also serving as a key driver of market expansion.
Additionally, the area gains from robust government assistance and advantageous regulatory environments that promote market expansion and innovation. The region's market supremacy is further supported by its highly developed healthcare infrastructure and rapid adoption of cutting-edge technologies. The high need for life sciences research and the creation of new therapeutic proteins supports the region's substantial protein purification and isolation market revenue in addition to technical developments.
Furthermore, according to the market projection for protein purification and separation, North America will remain the market leader due to the rising demand for biopharmaceuticals and the increased emphasis on customized treatment.
The global protein purification and isolation market is dominated by players like:
By Product
By Technology
By Application
By End-use
FrequentlyAsked Questions
A vital area of the biotechnology sector is protein purification and isolation, which entails removing particular proteins from complicated mixtures for use in commercial, medicinal, and research settings.
The market is influenced by several factors which include rising investment in the biotechnology sector, increasing product launches, rising emphasis on personalized medicine and others.
According to the report, the global market size was worth around USD 8.46 billion in 2023 and is predicted to grow to around USD 21.12 billion by 2032.
The global protein purification and isolation market is expected to grow at a CAGR of 10.7% during the forecast period.
The global market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and the growing investment in R&D.
The global protein purification and isolation market is dominated by players like Thermo Fisher Scientific, GE Healthcare, Merck KGaA, Bio-Rad Laboratories, Agilent Technologies, Qiagen, BioVision Inc., Promega Corporation, Abcam plc, Takara Bio Inc., Sartorius AG, PerkinElmer Inc., Pall Corporation, Waters Corporation, Sigma-Aldrich Corporation, Miltenyi Biotec, Roche Diagnostics, BioLegend, Inc., Lonza Group Ltd. and Novus Biologicals, LLC among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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