NEW YORK, Jan. 11, 2018 (GLOBE NEWSWIRE) -- The global protein purification and isolation market is expected to witness a CAGR of 7.6%, and is projected to reach USD 6.8 billion by 2023. The growth in the protein purification and isolation market is attributed to the increasing research and development activities due to rising demand for efficient and rapid protein purification methods coupled with technological advancements in instruments and techniques of protein purification and isolation. The report segments protein purification and isolation market by Technology (Ultrafiltration, Precipitation, Chromatography, Western Blotting, Electrophoresis, Others), Product (Instruments, Consumables), Application (Drug Screening, Biomarker Discovery, Protein-Protein interaction studies, Diagnostics, Others), End-User (Hospitals, Academic and Research Institutes, Pharmaceutical and Biotechnological Companies, Contract Research Organizations, Others), and Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa(MEA)). The report studies the global protein purification and isolation market over the forecast period (2017-2023).
Protein purification is the process of isolation of any specific protein from a complex mixture and removal of unwanted contaminants. Protein purification and isolation from a mixture is achievable due to the differences in physical and chemical characteristics of proteins such as amino acid composition, solubility, and hydrophobicity among others. Protein purification and isolation techniques are used to study the structures and functions of proteins, and for their industrial and pharmaceutical applications.
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Key findings of the Global Protein Purification and Isolation Market Report
- The global protein purification and isolation market is expected to reach USD 6.8 billion by 2023
- On the basis of product, the reagent consumables segment held the major share of the global protein purification and isolation market in 2016, and is expected to hold its dominance during 2017-2023
- On the basis of application, the drug screening segment is projected to show highest CAGR in the forecast period
- North America holds the largest share of the global protein purification and isolation market and is projected to continue its dominance over the forecast period
- The Asia-Pacific region is expected to witness highest CAGR during 2017-2023
- Some of the key companies operating in the protein purification and isolation market include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Promega Corporation, Agilent Technologies, Sigma-Aldrich Corporation, Merck Millipore, Qiagen N.V., Purolite Corporation, Abcam, GE Healthcare Life Sciences, among others
Adoption Of Automated Protein Purification Instrument on the Rise
Technological advances in protein purification methods is driving the growth of the protein purification and isolation market. One of the major concerns faced while working with proteins, either native or recombinant, is to purify the required protein efficiently and reduce the cost, and labour associated with the process. Automated protein purification instruments can be used to overcome these limitations. These instruments can help reduce cost, provide high throughput and can work on larger number of samples resulting in rapid protein purification. The high demand and increasing adoption of these systems has resulted in the recent launches of automated protein purification instruments by several vendors.
Protein Purification and Isolation Market - Regional insight
North America holds the largest share of the global protein purification and isolation market and is projected to continue its dominance over the forecast period. The factors driving the growth include an increasing number of research and development activities coupled with advancements in proteomics technology in the region. Asia-Pacific is projected to achieve highest growth rate during the forecast period in the global protein purification and isolation market, owing to increased investment by governments and private players in the fields related to biotechnology.
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