The global protein A resins market is expected to witness significant growth, the market is slated to reach US$ 677.84 million in 2023, reaching an estimated US$ 1,477.01 million by 2033, according to a recent study by Future Market Insights (FMI). This translates to a compound annual growth rate (CAGR) of 8.1% from 2023 to 2033.
Natural Protein A Resin Segment Expected to Lead Market Share
The market for protein A resins is segmented into two main categories: natural protein A resin and recombinant protein A resin. FMI predicts that natural protein A resin will hold the dominant share throughout the forecast period.
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Contract Manufacturing Organizations (CMOs) Fueling Market Growth
A key driver of the protein A resins market is the increasing production of monoclonal antibodies (mAbs) in Contract Manufacturing Organizations (CMOs). The trend of manufacturing biologics in CMOs has seen a significant shift in recent years, moving away from blockbuster drugs to specialize in mAbs for specific therapeutic needs.
Factors Contributing to the Rise of CMOs in mAb Production:
- Limited In-House Capabilities: Many biotechnology companies lack the internal infrastructure and expertise required for mAb production.
- Supply Chain Complexity: Managing the complex supply chain associated with mAb manufacturing can be challenging.
- High Financial Investment: Establishing high-containment biologic facilities requires significant financial resources, posing a risk for individual companies.
Therefore, the outsourcing of mAb development and manufacturing to CMOs is expected to create a substantial demand for protein A resins, further propelling market growth.
This highlights the projected growth of the protein A resins market, driven primarily by the increasing demand for monoclonal antibody production and the crucial role played by Contract Manufacturing Organizations.
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Top Highlights from the FMI’s Analysis of the Protein A Resins Market:
- The United States protein A resins industry is expected to acquire more than 93.5% value share of the North America market.
- Within Europe, the United Kingdom protein A resins industry is expected to take 24.1% of the pie in 2033.
- The China market is anticipated to enlarge at a CAGR of 9.8% over the upcoming years.
- High demand for natural protein A resin is expected to yield a large market share in 2023.
- Under the matrix category, the agarose-composed matrix of protein A resins is expected to record 85.8% of the market share in 2023.
- The antibody purification segment is projected to gain 74.8% of the global market.
- The biopharmaceutical manufacturers segment is expected to emerge as the chief end user of the market, gaining as high as 79.2% of the market in 2023.
Key Players in the Market are:
- GE Healthcare
- Thermo Fisher Scientific
- Kaneka Corporation,
- JNC Corporation
- Purolite Life Sciences
- Bio-Rad Laboratories, Inc.
- JSR Corporation (JSR Life Sciences LLC)
- Repligen
- Tosoh Bioscience, Merck Group (Merck Millipore)
- Novasep Holdings SAS, Agilent Technologies, Inc.
- GenScript, Abcam PLC (Expedeon Ltd.)
- Avantor Inc.
- Takara Bio, PerkinElmer, Inc.
- Suzhou Nanomicro Technology Co., Ltd
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Protein A Resins Market by Category:
Product:
- Natural Protein A Resin
- Recombinant Protein A Resin
Matrix:
- Agarose-based Matrix
- Glass or Silica-based Matrix
- Organic Polymer-based Matrix
Application:
- Immunoprecipitation
- Antibody Purification
End User:
- Biopharmaceutical Manufacturers
- Clinical Research Laboratories
- Academic Institutes
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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