The global protein purification and isolation market is expected to experience rapid growth, with a projected CAGR of 10.6% from 2022 to 2032, resulting in an estimated market value of US$ 17.41 billion by 2032, up from US$ 8.29 billion in 2022.
The growing importance of developing new ligands, such as protein-based pharmaceuticals, is a significant driver of the demand for protein purification and isolation. Additionally, an increase in the use of purification kits in rapid screening tests is expected to fuel market growth.
The market for protein purification and isolation is being propelled by a shift toward more technologically advanced instruments and the expansion of the proteomics market. These factors, combined with the increasing R&D in the biotechnology and pharmaceutical sectors, are expected to contribute to the global market share growth.
The protein purification and isolation industry is expected to benefit from untapped growth markets and the expanding use of protein treatments, resulting in increased sales of purification and isolation equipment, including automated analyzers.
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Ongoing technological advancements are driving the high demand for protein purification and isolation, with current trends including agarose beads, various resins, magnetic and protein beads, and ligand tagging methods.
The low adoption rate of instruments, the challenge of maintaining purification kits that meet all demands, and the high cost of tools are among the obstacles to the protein purification and isolation market’s growth prospects.
Key Takeaways from Market Study
- Consumables held the largest share of the market for protein purification and isolation in 2021, with a share of 59%.
- Chromatography is anticipated to have significant growth in the protein purification and isolation market during the forecast period, with a market share of over 24% in 2021.
- The protein purification and isolation market is expected to increase quickly over the next few years, with studies on protein interactions accounting for the largest revenue share of over 29% in 2021.
- Academic and research institutes provided more than 35.0% of total revenue in 2021.
- With a revenue share of 47% in 2021, North America had the greatest revenue share. There are several variables driving the sales of protein purification and isolation in the region, including high funding for life science research, well-established research infrastructure, and the presence of these elements.
- Asia Pacific is predicted to have the highest growth potential in the protein purification and isolation market.
“As pharmaceutical and biotechnological research for the development of novel treatments evolve, there is an increase in the demand for protein purification and isolation. Pharmaceutical companies’ rising R&D expenditures are predicted to drive the protein purification and isolation market share.”- Future Market Insights Analyst.
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Competitive Landscape
Key players in the protein purification & isolation market are developing cutting-edge products that are expected to drive protein purification & isolation market growth.
The mature and highly fragmented protein purification & isolation market is served by more than 25 businesses. The market for protein purification and isolation is expected to grow over the forecast period as a result of recent R&D advancements.
Startups in the protein purification and isolation industry are employing a range of strategies to increase their market share, including product development, geographic expansion, mergers, acquisitions, and collaborations.
The following companies are among the major players in the global protein purification & isolation market: Merck KGaA, Thermo Fischer Scientific, Inc., GE Healthcare Life Sciences, Qiagen N.V., Sigma-Aldrich Corporation, Agilent Technologies, Bio-Rad Laboratories, Inc., Promega Corporation, Abcam.
Recent Developments in Protein Purification & Isolation Market:
- Thermo Fisher Scientific and Symphogen announced in March 2022 that their collaboration would continue to provide biopharmaceutical research and development labs and platform workflows for quality assurance and efficient characterization of complex therapeutic proteins.
- GE Healthcare Life Sciences said in December 2021 that it had successfully purchased BK Medical from Altaris Capital Partners, LLC for an upfront cash payment of USD 1.45 billion in September 2021.
- In January 2022, QIAGEN N.V. released three nucleic acid extraction kits using QIAwave. Less materials are needed for these kits. These devices were created in collaboration with clients in order to address the persistent problem of laboratory waste that researchers across the globe.
- Purolite, a manufacturer of resin-based chromatography isolation, unveiled two next-generation chromatography resins in October 2021.
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Key Segments
By Technology:
- Ultrafiltration
- Precipitation
- Preparative Chromatography Techniques
- Ion Exchange Chromatography
- Affinity Chromatography
- Reversed-phase Chromatography (RPC)
- Hydrophobic Interaction Chromatography (HIC)
- Size-exclusion Chromatography (Gel Filtration)
- Electrophoresis
- Gel Electrophoresis
- Isoelectric Focusing
- Capillary Electrophoresis
- Western Blotting (Immunoblotting)
- Dialysis and Diafiltration
- Centrifugation
By Application:
- Drug Screening
- Protein-protein Interaction Studies
- Biomarker Discovery
- Target Identification
- Protein Therapeutics
- Disease Diagnostics and Monitoring
By Product:
- Instruments
- Consumables
- Protein Purification Kits
- Reagents
- Prepacked Columns
- Protein Purification Resins
- Magnetic Beads
- Others (Filters, Plasticwares, Chromatography Solvents, and Standards for Chromatography and Electrophoresis)
By End User:
- Academic Medical Institutes
- Hospitals and Diagnostic Centers
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
About Future Market Insights, Inc.
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