The Global Protein Labelling Market was worth USD 1.22 billion in 2016 and estimated to be growing at a CAGR of 12.2%, to reach USD 2.17 billion by 2021.
Global Protein Labelling Market Overview:
Innovation is important to the protein labelling market growth. Reagent and Kit-based protein labelling, probes and tags, are being replaced by chemically synthesized tags through click chemistry and other newer and improved technologies.
Synergistic advances in optical physics, probe design, molecular biology and computational analysis have resulted in the design and development of new protein-labelling technologies that have the potential to profitably propel the future protein labelling market.
Increasing health care awareness, rising R&D expenditure, increasing technological advancements and innovative products, applications and services and development of proteomics coupled with development of protein sequencing techniques are the major factors driving the Global protein labelling market.
Moreover, computer-controlled systems for fluorescence and laser-confocal microscopy are also creating scope for the market. However, lack of skilled professionals and awareness, high costs of products are hindering the market growth.
Global Protein Labelling Market Segmentation:
The Global Protein Labelling market is categorized by Product, Labelling method, Application and End users. On the basis of Product, the market is segmented into Enzymes, Kits and Services.
The Labelling segment includes 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.
Geographically, the global protein market is segmented into North America, Asia-pacific, Europe, Latin America and Middle East and Africa.
North America generated the highest revenue in 2016 and has the maximum share of global protein labelling market due to the technological advancements, demand for protein labelling products and rise in R&D investments. Furthermore, North America is estimated to dominate the Global market with Europe and Asia-Pacific in the line due to the significant rise in funding.
The Asia-Pacific is the fastest growing region, due to the increased demands of emerging economies such as Japan, India and China, rising investment in genomic and proteomic research and rise in healthcare expenditure. In products segment, Reagents have the highest market share in 2016.
In-vitro labelling accounted for a larger share of revenue due to ongoing clinical investigation studies with respect to proteomic analysis of genetic data. By application, immunological techniques segment represents largest segment with a higher market share.
The Key companies dominating the global 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.
- SeraCare Life Sciences, Inc.
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