The protein assays market is expected to be valued at USD 1.42 Billion in 2017 and is projected to grow at a CAGR of 11.1% between 2017 and 2022, to reach USD 2.41 Billion in 2022.
Protein assays are used in life science research to determine the total protein concentration. Estimation of protein concentration is necessary for protein purification, electrophoresis, cell biology, molecular biology, and research applications. The market is witnessing high growth due to factors such as increasing pharmaceutical & biotech R&D expenditure and favorable government funding scenario for Proteomics research.
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In this report, the global protein assays market is segmented based on type, product, technology, application, end user, and region. On the basis of type, the market is segmented into dye-binding assays, copper-ion-based assays, test strip-based assays, and other protein assays. In 2017, the dye-binding assays segment is expected to account for the largest share of the market. This growth can be attributed to the increasing usage of dye-binding assays in disease diagnosis.
Based on product, the market is segmented into reagents, kits, and instruments & accessories. On the basis of technology, the market is segmented into absorbance-based protein assays, colorimetric protein assays, and fluorescence-based protein assays. In 2017, the absorbance-based protein assays segment is expected to account for the largest share of the market. The growth in this segment can primarily be attributed to the increasing sensitivity and accuracy of absorbance-based protein assays owing to the advent of new techniques.
Geographical Growth Scenario:
Geographically, the protein assays market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The growth in pharmaceutical and biotechnology industries, strong trend of R&D in the life sciences industry, increase in private-public partnerships for drug development, and the presence of a large number of major market players in this region are further driving the growth of this market.
Key Players:
Key players operating in the protein assays market include Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Merck KGaA (Germany), Cell Signaling Technology, Inc. (U.S.), Abcam plc (U.S.), General Electric Company (U.S.), and PerkinElmer Inc. (U.S.).
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