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According to research by The Business Research Company on the Protein Purification and Isolation Market, an increase in government spending on pharmaceutical and biotechnology research and development is expected to propel the growth of the protein purification and isolation market. isolation of proteins in the future. Research and development refers to the gathering of knowledge to create new products or discover new ways to improve their existing products and services. An increase in research and development expenditure helps in developing advanced protein purification methods and also provides various other benefits such as hormone purified growth factors, DNA polymerases and reverse transcriptase. For example, according to the Indian Brand Equity Foundation, an India-based export promotion agency, the Government of India has allocated US$10.35 billion and the Ministry of Health Research has allocated US$365.68 billion respectively. In addition, according to The Good Food Institute, an American alternative protein innovation organization, in 2021 the United States Department of Agriculture and National Science, an organization US Food Safety Agency, has spent US$50 million to advance the development of alternative proteins. Hence, increasing government spending on pharmaceutical and biotechnology research and development is driving the growth of protein purification and isolation markets.
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The global protein purification and isolation market size is expected to grow from $6.93 billion in 2021 to $7.74 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The Protein Purification and Isolation Market is Expected to Reach $11.02 billion in 2026 at CAGR of 9.2%.
Technological advancements are a key trend gaining popularity in the protein purification and isolation market. Major companies operating in the market are focusing on developing new technological innovations to gain competitive advantage. For example, in April 2021, Thermo Fisher Scientific, an American manufacturer of scientific instruments and medical software services, launched KingFisher Apex Purification System. It is a high protein sample purification instrument designed for scientists working on DNA, protein and cell extraction. This system aids in protein and cell isolation and provides a customized process for flexible, reproducible, and rapid sample preparation at no additional cost. Using automation technology, it provides error-free reporting and produces high-quality nucleic acids and proteins. This protein purification device can process 24 to 96 samples in 25 to 65 minutes.
Major Players of Protein Purification and Isolation Market include Abcam PLC, Agilent Technologies Inc, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., BioVision Inc., Norgen Biotek Corp., GE Healthcare, GEA Group AG, Expedeon Ltd., Creative Biostructure, Qiagen, Geno Technology Inc., The Merck Group, Labome, Promega Corporation, OPRL Biosciences Pvt.Ltd., Purolite, Takara Bio Inc., Roche Applied Science and Sigma-Aldrich.
The global Protein Purification and Isolation market study is segmented by Product into Instruments, Consumables; by technology in ultrafiltration, precipitation, preparative chromatography, electrophoresis, Western blotting, dialysis and diafiltration, centrifugation; by application to drug screening, protein-protein interaction studies, biomarker discovery, target identification, protein therapeutics, disease diagnosis and monitoring; by the end user in academic medical institutes, hospitals and diagnostic centers, pharmaceutical and biotechnology companies, contract research organizations.
North America was the greater region in the Protein Purification and Isolation Market in 2021. Regions covered in the Protein Purification and Isolation Market Overview are Asia-Pacific, Western Europe, Europe East, North America, South America, Middle East and Africa.
The Global Protein Purification and Isolation Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides size and growth Protein Purification and Isolation Market Forecast, Protein Purification and Isolation Market Segments, Protein Purification and Isolation Market Trends, Protein Purification and Isolation Market Drivers and Restraints Protein Purification and Isolation, Revenue, Profiles and Market Share of top Protein Purification and Isolation market competitors in its competitive landscape section for more than 3,000 industry reports, covering more than 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 1,500,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders.
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