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Europe protein labelling market poised to reach USD 0.55 billion by 2021

Europe protein labelling market poised to reach USD 0.55 billion by 2021

The Europe Protein Labelling Market was worth USD 0.32 billion in 2016 and estimated to be growing at a CAGR of 11.74%, to reach USD 0.55 billion by 2021. 

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According to the report “Europe Protein Labelling Market By Product (Reagents, Kits And Services), Labelling Method (In Vitro Labelling, In Vivo Labelling), Application (Cell-Based Assay, Mass Spectroscopy, Fluorescence Microscopy, Immunological Technique, Protein Microarray), End Users & Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, 

Protein labelling is done using labelling reagents and kits to label an antibody or other protein, to make an enzyme conjugate, fluorescent probe, biotinylated binding reagent or iodine-labelled tracer for detecting proteins in tissues, cells, and biochemical assays.

Protein labelling has applications in a variety of tests including cell assay techniques, microscopy, and mass spectrometry. These are used for detection, analysis, and quantification of peptides in a wide array of proteomic studies.

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Tests such as ELISA, western blotting, immunohistochemistry, immunocytochemistry, flow cytometry all utilize protein labelling methodologies in a number of clinical and medical studies. Ongoing R&D in proteomics is likely to provide the segments with more robust protein identification mechanisms over the forecast period.

Further development in next generation sequencing is anticipated to generate large amounts of genetic data for protein expression studies.

Increasing health care awareness, growing investments on R&D and introduction of innovative products are the factors propelling the market growth. In addition, growing proteomics research is bolstering the market growth.

Moreover, expected growth in demand for peptide labelling will drive the market throughout the forecast period. However, limited number of skilled professionals, high costs of products is the restrains hindering the market growth.

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The Europe Protein Labelling market is categorised by Product, Labelling method, Application and End users. On the basis of Product, the market is segmented into Reagents, Kits and Services.

The Labelling segments include In vitro Labelling and In vivo Labelling. On the basis of Application, the market is further segmented into Cell-Based Assay, Mass Spectroscopy, Fluorescence Microscopy, Immunological Technique and Protein Microarray.

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. In Europe, Germany leads the Protein labelling market, followed by France and U.K.

The market in this region is projected to grow strongly during the forecast period due to various factors such as growing health awareness, financial strength to procure expensive tools, and favourable reimbursement policies. The Europe market has a Global share of 26% and has a CAGR of 11.74%.

The Key companies dominating the Europe protein labelling market are Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Eurogentec S.A., PerkinElmer, Inc., F. Hoffmann-La Roche AG, New England Biolabs, Kaneka Corporation, Kirkegaard & Perry Laboratories, Promega Corporation, LI-COR, Inc.

and SeraCare Life Sciences, Inc.

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