Protein Assays Market by Product , Type, Application , Technology, End User - Global Forecasts to 2022

 

The protein assays market is predicted to be worth USD 1.42 billion in 2017 and USD 2.41 billion in 2022, growing at a CAGR of 11.1 percent between 2017 and 2022. In life science research, protein assays are used to assess the total protein content. Protein purification, electrophoresis, cell biology, molecular biology, and research all require estimation of protein concentration. Due to factors such as rising pharmaceutical and biotech R&D investment and favourable government funding scenarios for Proteomics research, the industry is booming.

The global protein assays market is divided into types, products, technologies, applications, end users, and regions in this study. The market is divided into dye-binding assays, copper-ion-based assays, test strip-based assays, and other protein assays based on their kind. The dye-binding tests segment is predicted to command the biggest market share in 2017. The increased use of dye-binding assays in illness diagnosis can be linked to this growth.


The market is divided into three categories: reagents, kits, and instruments and accessories. The market is divided into three types of protein tests depending on technology: absorbance-based protein assays, colorimetric protein assays, and fluorescence-based protein assays. The absorbance-based protein tests category is predicted to have the biggest market share in 2017. The increased sensitivity and accuracy of absorbance-based protein tests due to the introduction of novel methodologies is primarily responsible for the segment's rise.


North America is the largest market for protein tests, followed by Europe, Asia, and the Rest of the World (RoW). The growth of the pharmaceutical and biotechnology industries, as well as the strong trend of R&D in the life sciences industry, the increase in private-public partnerships for drug development, and the presence of a large number of major market players in this region, are all contributing to the market's expansion.