Protein Assay Market - New Business Opportunities & Investment Research Report 2024

Protein assays are utilized in life science research to detect the presence of protein in a sample. Estimation of protein fixation is important for protein cleaning, electrophoresis, cell science, atomic science, and research applications. Although there are a wide variety of protein assays available, none of the assays can be used without first considering their suitability for an application. Each assay has its own advantages and limitations and often it is necessary to obtain more than one type of assay for various research applications. The global protein assay market is expected to witness considerable growth during the forecast period (2017 – 2023), mainly due to the increasing investment by pharma and biotech companies in research and development (R&D), as well as funding by governments of various countries for proteomics research.

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The global protein assay market is segmented on the basis of product, type, technology, application, end user and geography. Based on product, the global market is segmented into reagents, kits, and instruments and accessories. The reagents are expected to contribute the largest share in the global protein assay market.

The rising investment in pharmaceutical and biotechnology R&D, favorable government policies for proteomics research, and the presence of a large number of players in the global protein assay market are the key factors driving the growth of the market during the forecast period. According to a publication by Pharmaceuticals Research and Manufacturers of America (PhRMA), the member organizations (pharmaceutical companies) of PhRMA spent approximately $58.8 billion on R&D, accounting for the largest part of all the biopharmaceutical R&D spending in the U.S, in 2015. However, high cost of multiplex assay hardware is limiting the growth of global protein assay market.

North America was the largest market for protein assay in 2016, followed by Europe and Asia-Pacific. Asia-Pacific is expected to witness the highest growth during the forecast period. The growth in protein assay market in developing economies such as China, India, and Japan is primarily due to the increasing R&D expenditure in life science, and increase in the funding by various government and private organizations for proteomics research.

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The competition in the global protein assay market is very high, therefore, many players are concentrating on introducing various innovative approaches in this field.

In Feb 2017, Promega Corporation announced the development of a benchtop capillary electrophoresis (CE) instrument in collaboration with Hitachi High-Technologies Corporation. The Spectrum Compact CE system meets small batch and single sample requirements in DNA analysis and performs both sequencing and fragment analysis at a short notice. The Spectrum Compact CE System allows laboratories the freedom to carry NGS validation, PCR sizing and microsatellite analysis, single nucleotide polymorphism, de novo sequencing and mutation detection.

Some of the other key players operating in the global market are ThermoFisher Scientific, Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Promega Corporation, GE Healthcare, Merck KGaA, Cell Signalling Technology, Inc., Abcam PLC, Lonza Group, BioVision Inc., Bio-Techne Corporation (Novus Biologicals) and G-Biosciences Inc.

Source: P&S Intelligence

Metabolomics Market to Grow at a Brisk rate in the Foreseeable Future

The global metabolomics market is projected to achieve a lucrative growth rate during the forecast period due to the increased government and private funding in research and development, and rise in metabolic application in personalized medication. The market is led by instruments, in terms of size, majorly attributable to the fact that metabolomics instrument is extensively used while following the various steps of the experimental protocol. Metabolomics bioinformatics tools and services are expected to witness the faster growth in future, as it facilitates simpler analysis and data interpretation of widely available biological data.

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Metabolomics has wide application in various field, these include biomarker discovery, drug discovery, toxicology testing, nutrigenomics, functional genomics, personalized medicine, and others. The biomarker discovery was the largest application area of metabolomics in 2016, due to to the rise in prevalence of chronic diseases on the global level. Additionally, the extensive oncological research with inclination towards study of new biomarkers and its cancer application drives the larger contribution of biomarker discovery in the market.

Various factors leading to the growth of the metabolomics industry include the rise in funding for technological research from government as well as private organizations, along with increase in collaborations & partnerships of key players for enhancement of their product portfolio. There has been significant rise in the R&D expenditure by the key players for development of technologically advanced metabolomics platforms, which is expected to drive the growth of the market during the forecast period. The advent of personalized medication also acts as a driving force to the growth of the market.

The key players have been focused in the enhancement of their product portfolio, by forming partnerships. to increase metabolomics market share.

For instance, in June 2017, Thermo Fisher Scientific Inc. (Thermo Fisher) and Biocrates Life Sciences AG announce the launch of a ready-to-use kit for accurate metabolic phenotyping on high resolution mass spectrometry instruments. Under the co-marketing agreement, both the companies will jointly promote and market the combined use of the kit and Thermo Fisher’s Q Exactive high-resolution, accurate-mass (HRAM) platform of mass spectrometers.

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Some of the other key players in the global market include Agilent Technologies, Inc., Danaher Corporation, Waters Corporation, Shimadzu Corporation, Bio-Rad Laboratories, Inc., Bruker Corporation, Human Metabolome Technologies Inc., Metabolon, Inc.

Source: P&S Intelligence