Protein Assays Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI4617
Protein Assays Market size is projected to experience significant growth from 2020 to 2026. Protein assays are the most commonly used methods in life science research. The estimation of protein concentration is essential in various applications such as cell biology, protein purification, molecular biology, electrophoresis and other research applications.
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Increasing funding for protein research will pose to be a major factor driving the protein assays market growth. In 2018, over 18 million funding was provided by Genome Canada and Genome BC for protein research. This funding efficiently translated research results into new approaches for improved treatment and diagnosis of various diseases. Additionally, rising need for rapid diagnoses of several diseases including cancer and Alzheimer will subsequently drive the demand for protein assays over the coming years.
Growing prevalence of cancer will boost protein assays market size in the upcoming years. Several protein assays are used for cancer diagnosis and treatment that include immunohistochemistry (IHC), enzyme linked-immunosorbent assay (ELISA), and flow cytometry leading to the demand for protein assays. Also, in January 2019, the Chinese team developed an EV-based protein assay for early detection of cancer. Thus, continuous proteomic research and rising prevalence of cancer will offer rapid growth potential opportunities to protein assays industry. However, high cost associated with multiplex assay hardware may impede the industry growth over the upcoming years.
Based on product, the market is segmented into reagents, kits and instruments. Amongst them, reagents segment will witness substantial growth during the forecast years. This growth can be accredited due to its rapid and ready-to-use alterations and the rising demand for repeat purchase of reagents.
Based on type, the market is bifurcated into copper-ion based assays, test strip-based assays, dye-binding assays and others. Dye-binding assays segment will witness substantial growth during the forecast years owing to the rising usage of dye-binding assays for diagnosis of various disease namely Alzheimer and cancer.
Absorbance-based protein assays segment will witness significant growth during the forecast years owing to the rising sensitivity and correctness of absorbance-based protein assays due to the introduction of new techniques.
Based on application, the market is bifurcated into drug development, diagnosis and others. Drug development segment will witness rapid growth owing to several applications in various phases of pre-clinical, clinical trial and later phases of drug development.
Amongst them, pharmaceuticals and biotechnology companies will witness lucrative growth in the upcoming years. This growth can be attributed owing to the rising drug development in the life science industry.
North America protein assays industry is estimated to expand robustly during the forecast period owing to the presence of established market players. Also, factors such as advanced research and development base, rising importance on prevention of disease by governments, growing emphasis on research and development in the healthcare sector will boost the regional market growth.
Some of the key players operating in protein assays market are Abcam plc, BECTON, DICKINSON AND COMPANY, Bio-Rad Laboratories, BioVision, Cayman Chemical, Cell Signaling Technology, General Electric, Geno Technology, Merck KGaA, Oz Biosciences, PerkinElmer, PROMEGA CORPORATION, and Thermo Fisher Scientific amongst others. These players are undertaking organic and inorganic strategies to strengthen their business. For instance, in August 2018, BECTON, DICKINSON AND COMPANY announced the launch of the BD AbSeq assay for analyzing protein expression at the single-cell level by means of high-throughput sequencing. This new offerings provided company to expand its customer base.
Protein Assays Market, By Product, 2015-2026 (USD Million)
Protein Assays Market, By Type, 2015-2026 (USD Million)
- Copper-ion-based assays
- Test strip-based assays
- Dye-binding assays
By Technology, 2015-2026 (USD Million)
- Fluorescence-based protein assays
- Colorimetric-based protein assays
- Absorbance-based protein assays
By Application, 2015-2026 (USD Million)
- Drug development
By End-use, 2015-2026 (USD Million)
- Diagnostic centers
- Pharmaceutical & biotechnology companies
- Academic institutes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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