Market Size and Growth of Protein A Resin
According to the new market research report “Protein A Resin Market by Product (Agarose-based, Glass/Silica-based), Type (Recombinant Protein A, Natural Protein A), Application (Antibody Purification, Immunoprecipitation), & End User – Global Forecast to 2025″, published by MarketsandMarkets™, the market is expected to reach USD 1.9 billion by 2025 from USD 1.1 billion in 2020, at a CAGR of 11.4% during the forecast period.
Protein A resin is a type of affinity chromatography resin used in the process of purifying and isolating monoclonal antibodies from complex media. Protein A resin is composed of high-grade agarose beads with covalently bound Protein A ligand. Protein A resin is an important tool for downstream bioprocessing, in particular for monoclonal antibody production. The global Protein A resin market is projected to witness an impressive growth in the coming years.
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Market Dynamics
The global protein A resin market is expected to witness considerable growth over the forecast period, mainly due to the growing demand for monoclonal antibodies from the healthcare and pharmaceutical industries. The increasing number of research activities related to biologics, such as monoclonal antibodies, have further fueled the growth of the protein A resin market. Moreover, the increasing prevalence of chronic diseases, such as cancer and autoimmune diseases, is also expected to drive the growth of the market. Further, the increasing adoption of protein A resin in drug discovery and development is projected to create lucrative opportunities for the market players.
Market Segmentation
The global protein A resin market is segmented based on type, product type, end user, and region. Based on type, the market can be divided into immobilized and non-immobilized protein A resin. Based on product type, the market can be segregated into recombinant protein A and purified protein A. On the basis of end user, the market can be categorized into pharmaceutical and biotechnology companies, research and academia, and clinical diagnostic laboratories.
Regional Analysis
Geographically, the global protein A resin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a significant share of the global protein A resin market owing to the presence of a large number of biopharmaceutical companies and research institutes in the region. Moreover, the increasing prevalence of chronic diseases and the growing number of research activities related to biologics, such as monoclonal antibodies, in the region are anticipated to fuel the growth of the market.
Competitive Landscape
The global protein A resin market is highly competitive with major players adopting strategies, such as product launches, partnerships, and collaborations to maintain their market position. The prominent players in the global protein A resin market include GE HealthCare (US), Merck Millipore (Germany), Repligen Corporation (US), Thermo Fisher Scientific (US), Tosoh Bioscience, Inc. Bioscience (Japan), PUROLITE CORPORATION (US), Novasep Holding SAS (France), Agilent Technologies (US), GenScript @Biotech Corporation (China), PerkinElmer, Inc. (US), Bio-Rad Laboratories (US), Orochem Technologies, Inc. (US), KANEKA CORPORATION (Japan), abcam (UK), Agarose Bead Technologies (ABT) Bead Technologies (US), Avantor (US), JSR Life Sciences (US), Bio-Works Technologies (Sweden), @Amikozen Co. Ltd. (US), and Takara Bio USA, Inc. Bio Inc. (Japan).
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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