The Global Proteins Assays Market was worth USD 1.28 billion in 2016 and estimated to be growing at a CAGR of 11.1%, to reach USD 2.17 billion by 2021. Rising application of protein content determination in various fields related to pharmacy and biotechnology has stimulated the growth of market.
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Protein quantification is a vital step of dairy workflow of protein extraction in biochemistry and molecular biology that includes protein extraction, analysis or labelling. Quantification of proteins is necessary for any sample prior to isolation, while separation and analysis by electrophoresis or chromatography or any other techniques. There are many methods to estimate the concentration of protein like Bradford, Lowry, BCA and UV spectroscopic Protein assays.
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The growth of Proteins Assays market is attributed to factors like increasing incidence rate of chronic diseases like cardiovascular, neurological and other infectious diseases, increasing expenditure on pharmaceutical and biological R&D, rapid technological advancements in protein assay techniques, increase in government funding and initiatives. However, stringent regulatory framework and adverse drug reactions of anticonvulsants and unapproved bipolar drugs may hamper the growth of market
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Based on Geographical analysis the market is separated into regions of North America, Asia-Pacific, Europe, Latin America and Middle East and Africa. North America is leading the market while Europe is at second place. Growth in Pharmaceutical and biotechnological industries, strong trend of R&D in life sciences industry, increasing private-public partnership for drug development has helped these regions dominate the market. Asia Pacific is expected to grow the fastest due to increasing research funding, growing proteomics and genomics techniques and rising adoption of advanced Proteins Assays techniques. Dye binding proteins assays segment holds the major share in the market based on type, due to increasing usage of dye-binding assays in disease diagnosis. Absorbance-based proteins assays held major share in the market based on technology due to increasing sensitivity and accuracy of this technology.
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Some of the key players dominating this market include Abcam PLC., Bio-Rad Laboratories Inc., Biovision Inc., Cell Signaling Technology Inc, GE Healthcare, PerkinElmer Inc., Thermo Fisher Scientific, Geno Technology Inc., Lonza Group, Merck KGaA, Novus Biologicals, LLC.
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