Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.5 Billion | USD 13.35 Billion | 10.1% | 2021 |
FrequentlyAsked Questions
The expanding importance of generating novel ligands, such as protein-based pharmaceutical compounds, is one of the key drivers driving the market demand. Additionally, increasing demand for purifying kits in fast screen tests is predicted to lead to an increase in the size of the protein purifying & isolation market. The sales are increasing due to a move toward technologically complex protein purification & isolation instruments and the development of the proteomics sector. All of these factors, and increased R&D in the pharma and biotechnology industries are expected to raise the worldwide market revenue share throughout the forecast period.
According to the report, the global protein purification & isolation market was worth USD 7.5 billion in 2021 and is estimated to grow to USD 13.35 billion by 2028, with a compound annual growth rate (CAGR) of about 10.1% over the forecast period.
North America dominates the global protein purification & isolation market and will account for more than 45% of the global revenue in 2021. This can be attributed to significant financing for biomedical research, established research facilities, and the presence of major market players. Furthermore, biopharmaceutical drug development is estimated to propel the market throughout the forecast period. Protein-protein interaction research, target identification, drug screening, protein therapies, biomarker development, illness tracking, and diagnostic tests are improved application areas that are driving demand for advanced technological protein purification & isolation methods in North America.
Some of the main competitors dominating the global protein purification & isolation market include - Thermo Fischer Scientific Inc., GE Healthcare Life Sciences, Merck KGaA, Qiagen N.V., Sigma-Aldrich Corporation, Bio-Rad Laboratories Inc., Promega Corporation, Abcam, Roche Applied Science, and Agilent Technologies.
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