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Global protein assay market insights shared in detailed report

Protein assays are utilized in life science research to detect the presence of protein in a sample. Estimation of protein fixation is important for protein cleaning, electrophoresis, cell science, atomic science, and research applications.

Although there are a wide variety of protein assays available, none of the assays can be used without first considering their suitability for an application. Each assay has its own advantages and limitations and often it is necessary to obtain more than one type of assay for various research applications.

The global protein assay market is expected to witness considerable growth during the forecast period (2017 – 2023), mainly due to the increasing investment by pharma and biotech companies in research and development (R&D), as well as funding by governments of various countries for proteomics research.

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The global protein assay market is segmented on the basis of product, type, technology, application, end user and geography. Based on product, the global market is segmented into reagents, kits, and instruments and accessories.

The reagents are expected to contribute the largest share in the global protein assay market.

On the basis of type, the global protein assay market is divided into dye binding assays, copper-ion-based assays, test strip-based assays, and other assays. The dye-binding assays held the largest share of the global market in 2016, mainly attributable to the rising utilization of dye-binding assays for diagnosing various diseases.

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The rising investment in pharmaceutical and biotechnology R&D, favorable government policies for proteomics research, and the presence of a large number of players in the global protein assay market are the key factors driving the growth of the market during the forecast period. According to a publication by Pharmaceuticals Research and Manufacturers of America (PhRMA), the member organizations (pharmaceutical companies) of PhRMA spent approximately $58.8 billion on R&D, accounting for the largest part of all the biopharmaceutical R&D spending in the U.S, in 2015.

However, high cost of multiplex assay hardware is limiting the growth of global protein assay market.

North America was the largest market for protein assay in 2016, followed by Europe and Asia-Pacific. Asia-Pacific is expected to witness the highest growth during the forecast period.

The growth in protein assay market in developing economies such as China, India, and Japan is primarily due to the increasing R&D expenditure in life science, and increase in the funding by various government and private organizations for proteomics research.

In June 2015, Thermo Fisher Scientific Inc., introduced the Orbitrap Fusion Lumos Tribrid mass spectrometer and in 2017, the company came up with new advancements, for example, Integrated Ultraviolet Photo separation (UVPD) that enables specialists to perform substantial and little atom structure assurance on a Lorentz focus (LC) time scale; and New Advanced Peak Determination (APD) calculation that is intended to enhance execution of most proteomic work processes with high peptide and protein ID rates.

Some of the other key players operating in the global market are ThermoFisher Scientific, Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Promega Corporation, GE Healthcare, Merck KGaA, Cell Signalling Technology, Inc., Abcam PLC, Lonza Group, BioVision Inc., Bio-Techne Corporation (Novus Biologicals) and G-Biosciences Inc.

MARKET SEGMENTATION
By Product

  • Reagents
  • Kits
  • Instruments and Accessories

By Type

  • Dye-Binding Assays
  • Copper-Ion-Based Assays
  • Test Strip-Based Assays
  • Other Protein Assays 

By Technology

  • Absorbance-Based Protein Assays
  • Colorimetric Protein Assays
  • Fluorescence-Based Protein Assays

By Application

  • Drug Discovery & Development
  • Disease Diagnosis
  • Other Applications

By End User

  • Pharmaceutical and Biotechnology Companies
  • Clinical Laboratories
  • Hospitals
  • Academic Research Institutes
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle-East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa

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