The global protein purification system market is anticipated to grow at a CAGR of nearly 9.0% during the forecast period (2022-2028). The major factor expected to drive the global protein purification system market is the rising funding from both public and private protein research organizations, a rise in research in the field of technological developments, and structure-based drug design such as single-use technologies and automated purification instruments. In addition, increasing investment by the government in R&D and undertaking programs and growth of the pharmaceutical and biotechnology industries are some factors that will encourage the market growth during the forecast period.
Furthermore, technological advancements in protein purification, an increasing need for high-resolution information on protein structure, a growing need for the purification of the drugs for identification of new ligands such as protein-based drug molecules along with growing demand for rapid purification kits in rapidly screening test are further boosting the market growth. A paradigm shift towards automated instrumentation for protein purification and growth of proteomics market will propel the growth of the global protein purification system market during the forecast period.
Additionally, by region, North America dominates the market during the forecast period owing to the well-developed healthcare sector and established research & development infrastructure, and technological advances in the proteomics sector. Apart from this, Asia Pacific is expected to grow with a robust pace during the forecast period owing to initiatives undertaken by governments of developing countries such as India and China to improve healthcare infrastructure and governments providing funds for life science researches.
Some major players in the market include Aglient Technologies, Inc., Thermo Fisher Scientific Inc., and Merck KGaA, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, Thermo Fisher Scientific Inc. announced that the company agreed to acquire Qiagen N.V. for nearly $43.1 per share in cash.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Aglient Technologies, Inc., Thermo Fisher Scientific Inc., and Merck KGaA, among others.
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Global Protein Purification System Market Report by Segment
By Type
- Fully Automatic
- Semi-Automatic
By Application
- Laboratory
- Hospital
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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