Protein Assays Market expected to reach USD 2.41 billion in 2022

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The protein assays market is expected to reach USD 1.42 billion by 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 protein assays market is witnessing high growth due to factors such as increasing pharmaceutical & biotech R&D expenditure and favorable government funding scenario for proteomics research.

The global protein assays market is segmented based on type, product, technology, application, end user, and region. The protein assays market by product is segmented into reagents, kits, and instruments & accessories. The reagents segment is expected to witness the highest growth during the forecast period, primarily due to the repeated purchases of reagents, unlike instruments that are considered a one-time investment. The market by type is segmented into dye-binding assays, copper-ion-based assays, test strip-based assays, and other protein assays. The dye-binding assays segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing usage of dye-binding assays in disease diagnosis.

On the basis application, the market is segmented into disease diagnosis, drug discovery and development, and other applications (protein purification; electrophoresis; cell biology; molecular biology; host cell protein assays; and protein identification with blood groups, cell surface markers, drugs, and toxins).

The disease diagnosis segment is projected to be the fastest-growing market during the forecast year. This can be attributed to the increasing adoption of protein assays used to diagnose cancer; immune system diseases; and liver, kidney, and bone marrow diseases.

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.).

Research Coverage:

In this report, the global protein assays market is segmented based on product, type, application, technology end user, and region. In addition to comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. The company profiles in this report comprise the product portfolios, developments, and strategies adopted by players to maintain and increase their shares in the market. The above mentioned market research data, current market size, and forecast of future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the protein assays market.

Reasons to Buy the Report:

This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.