The protein assay should be chosen with the appliance in mind. There are various protein assays on the market, each with its own supporting technique, specificity, sensitivity, amount, and repeatability. Protein concentration estimation could be a critical step in protein purification, biology, cell biology, electrophoresis, and other scientific applications. Although many research and development efforts were and are still being undertaken with the help of protein assays, they played an important part in understanding the virus's mechanism. The protein assay market is expected to benefit as a result of this.
Data Bridge Market Research analyses that the Protein Assays Market, valued at USD 2.30 billion in 2022, will reach USD 5.03 billion by 2030, growing at a CAGR of 10.24% during the forecast period of 2023 to 2030.
“Growing use of drug protein is bolstering the market growth”
Protein assays are commonly employed in drug research and development processes, therefore pharmaceutical corporations are expected to invest more in these initiatives. As a result, the market for protein tests in the United States is expected to grow dramatically in the coming years. Product launches, collaborations, mergers, and acquisitions will also assist firms in expanding their product lines and geographical reach, so assisting in the lucrative expansion of the nation's market. To easily discover and quantify disease-related autoantibody biomarker signatures.
What restraints the growth of the Global Protein Assays Market?
“High costs associated will restrain the market growth"
The high cost of multiplex assay hardware is a barrier to the expansion of the global market for protein tests. The primary issues hindering the growth of the global market for protein assays are a lack of reimbursement and the high cost of the tests themselves. Medicare is the only insurance provider, and it only covers operations deemed reasonable and necessary for identifying or treating disorders. As a result, patients cannot be reimbursed for treatments performed only for research purposes and not for the benefit of patients, limiting market expansion.
Segmentation: Global Protein Assays Market
The protein assays market is segmented on the basis of product, technology, application and end users.
- On the basis of product, the market is segmented into reagents, kits, instruments, accessories.
- On the basis of technology, the market is segmented into colorimetric protein assays, fluorescence-based protein assays, absorbance-based protein assays.
- On the basis of application, the market is segmented into drug discovery and development, disease diagnosis, others.
- On the basis of end users, the market is segmented into pharmaceutical and biotechnology companies, clinical laboratories, hospitals, academic research institutes, others.
Regional Insights: North America dominates the global protein assays market
North America dominates the market and will maintain its dominance during the projection period. The region's dominance is due to a strong foundation for research and development, as well as governments that priorities health promotion and illness prevention.
Given the rapid development of healthcare infrastructure and the increased emphasis on research and development in the sector, Asia-Pacific will experience the fastest growth rate throughout the projection period. Furthermore, China's ambitions to expand have been supported by its biotech industry, which has delivered promising results in disciplines such as biologics and vaccines.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-protein-assays-market
The Prominent Key Players Operating in the Global Protein Assays Market Include:
- BD (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Thermo Fisher Scientific Inc. (U.S.)
- Bio-Rad Laboratories, Inc. (U.S.)
- Novus Biologicals (U.S.)
- Merck KGaA (Germany)
- BioVision Inc (U.S.)
- Cell Signaling Technology, Inc. (U.S.)
- Cytiva (U.S.)
- Abcam plc. (U.K.)
- PerkinElmer Inc. (U.S.)
- QIAGEN (Germany)
- G-Biosciences (U.S.)
- Lonza (Switzerland)
- Bio-Techne (U.S.)
- Illumina, Inc. (U.S.)
- New England Biolabs (U.S.)
- Takara Bio Inc (Japan)
- Promega Corporation (U.S.)
- Elabscience Biotechnology Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global protein assays market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Protein Assays Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
