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.
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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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MARKET SEGMENTATION
By Product
• Reagents
• Kits
• Instruments and Accessories
By Type
• Dye-Binding Assays
• Copper-Ion-Based Assays
• Test Strip-Based Assays
• Other Protein Assays
By Technology
• Absorbance-Based Protein Assays
• Colorimetric Protein Assays
• Fluorescence-Based Protein Assays
By Application
• Drug Discovery & Development
• Disease Diagnosis
• Other Applications
By End User
• Pharmaceutical and Biotechnology Companies
• Clinical Laboratories
• Hospitals
• Academic Research Institutes
• Others
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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Some of the 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.
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