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.
Target Audience for this Report:
# Protein assay manufacturers and vendors
# Distributors of protein assays
# Various research and consulting companies
# Associations related to pharmaceutical and biotechnological research
Value Addition for the Buyer:
This report aims to provide insights into the global protein assays market. Details on regional markets for these segments are also presented in this report. In addition, leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
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Factors Influencing Global Growth:-
The increasing pharmaceutical & biotech R&D expenditure and the favorable government funding scenario for proteomics research are the major factors that are expected to drive the growth of the market during the forecast period.
Restraints:
# High Cost of Multiplex Assay Equipment
# Sequestration Cuts in the U.S.
Opportunities:
# Emerging Markets
# Biomarker Identification
Challenges:
# Dearth of Skilled Professionals
# Issues Related to the Development of Protein Assays for Various Disease Types
Monetary Growth Expectations, Globally:
According to the Research Study conducted by MarketsandMarkets™: The global protein assays market is expected to reach USD 2.41 Billion by 2022 from USD 1.42 Billion in 2017, at a CAGR of 11.1% from 2017 to 2022.
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Geographical Growth Scenario:
On the basis of region, the global protein assays market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia is expected to grow at the highest CAGR during the forecast period. The growth in this region is primarily driven by the increasing pharmaceutical and biotechnology R&D expenditure and availability of government funding for life sciences research.
Leading Market Players:
# Thermo Fisher Scientific (U.S.)
# Bio-Rad Laboratories, Inc. (U.S.)
# Merck KGaA (Germany)
# Cell Signaling Technology, Inc. (U.S.)
# General Electric Company (U.S.)
# PerkinElmer Inc. (U.S.) and many more…
Based on the analysis of strategic developments undertaken by market players between 2014 and 2017, the key strategy followed by most companies in the market is expansions and agreements, partnerships, and collaborations.
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