Protein Assays Market to grow at an Impressive CAGR During the Forecast Period
Rising research in the proteomics academia is driving the growth in Global Protein Assays Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Protein Assays Market By Type (Dye Binding Assays, Test Strip-Based Assays, Copper-Ion-Based Assays, Others) By Product (Reagents, Kits, Instruments and Accessories) By Technology (Colorimetric Protein Assays, Fluorescence-Based Protein Assays, Absorbance-Based Protein Assays) By Application (Drug Discovery and Development, Disease Diagnosis, Others) By End User (Pharmaceutical and Biotechnology Companies, Clinical Laboratories, Hospitals, Academic Research Institutes, Others) By Region, Competition Forecast & Opportunities, 2026”, the global protein assays market is expected to expand with an impressive CAGR in the forecast period, 2022-2026. The market growth can be attributed to increased pharmaceutical and research and development in the biotechnology sector along with the favorable government funds for proteomics research and the high investment in various private and government funded research and development programs are expected to drive the global protein assays market in the forecast period. Moreover, Rapid urbanization across the world, increase in the population, and high disposable income with the private investors is anticipated to influence the growth of the market in the next five years until 2026.
Furthermore, rising standard of living among the urban population, is major cause for the increasing demand of the medically advanced procedures for the diagnosis of chronic diseases and to bring artificially intelligence products, thus driving the growth of the global protein assays market. The rapid development of healthcare infrastructure and inclination of the population toward research and development in the healthcare sector can be coined as another major factor that is driving the growth of the global protein assay market.
Protein assays are life science research methods that is required in estimation of protein concentration, protein purification, electrophoresis, cell biology, molecular biology and other research applications. There are majorly three types of protein assays that are: dye binding assays (Bradford), test strip based protein assays, copper-ion based assays. Bradford protein assay is the most common and most preferred protein assay procedure.
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The global protein assays market is segmented by type, product, technology, application, by end user, regional distribution, and competitional landscape. Based on product the market is further fragmented into reagents, kits, instruments and accessories. Reagents are anticipated to hold the largest market share owing to the increased number of research and clinical tests that are ongoing. Kits are a complete set of reagents and assay test sets that are required for the procedure of protein assays.
Based on technology the market is further fragmented into colorimetric protein assays, fluorescence-based protein assays, and absorbance-based protein assays. Colorimetric protein assays are the dye based protein assay that reacts a change of color due to an enzyme or chemical interaction between spotted reagents and analyte. The Bradford reagent is often used for the procedure of colorimetric protein assays. It is also anticipated to hold the largest market share in the forecast period. Based on application, the market is further bifurcated into drug discovery and development, disease diagnosis, and others. Drug discovery and development is anticipated to hold the largest market share due to rising research and development in the various studies, proteomics. For various chronic diseases like cancer, research and development for the drug discovery is continuously going on that is driving the growth of the global protein assays market in the upcoming five years.
Some of the major competitors in the market are Becton Dickinson and Company, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Novus Biologicals LLC, Merck KGaA, BioVision Inc., Cell Signaling Technology, Inc., Abcam PLC, PerkinElmer Inc., F. Hoffmann-La Roche Ltd., QIAGEN NV, Geno Technology Inc., Lonza Group AG, Bio-Techne Corporation, Illumina, Inc., among others.
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“North America is the most promising region that is anticipated to hold the largest market share in the upcoming five years. The region has the best known medical healthcare and research industry as well as the best facilities available for the development of the drugs that are discovered for the chronic diseases. Europe is anticipated to have the significant share of the market owing to the availability of the government funds and new investments flooding in from the new market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Protein Assays Market By Type (Dye Binding Assays, Test Strip-Based Assays, Copper-Ion-Based Assays, Others) By Product (Reagents, Kits, Instruments and Accessories) By Technology (Colorimetric Protein Assays, Fluorescence-Based Protein Assays, Absorbance-Based Protein Assays) By Application (Drug Discovery and Development, Disease Diagnosis, Others) By End User (Pharmaceutical and Biotechnology Companies, Clinical Laboratories, Hospitals, Academic Research Institutes, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global protein assays and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global protein assays.
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