Protein Stability Analysis Market | Ongoing Trends and Recent Developments | Major Key Players like Thermo Fisher Scientific, Inc. (US), Waters Corporation (US), Agilent Technologies, Inc. (US)

The growth of the Protein Stability Analysis Market is primarily driven by the growing adoption of open innovation models in pharmaceutical & biotechnology companies and increasing pharmaceutical outsourcing. Emerging economies will provide new growth opportunities for players in the market.

What the Market Looks Like?

Predicted to grow at a CAGR of 10.0% during the forecast period, the global Protein Stability Analysis Market is estimated to reach USD 2.1 billion by the end of 2024. The Asia Pacific market is projected to grow at the highest rate during the forecast period.

On the basis of technique, the Protein Stability Analysis Market is segmented into chromatography, spectroscopy, surface plasma resonance imaging (SPRI), differential scanning calorimetry (DSC), differential scanning fluorimetry (DSF), and other techniques. In 2018, the chromatography segment dominated this market due to factors such as the high usage of HPLC and size-exclusion chromatography for protein stability and aggregate analysis in drug discovery and development for ensuring drug safety.

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By end user, the market is segmented into pharmaceutical and biotechnology companies, contract research organizations, and academic & research institutes. Pharmaceutical & biotechnology companies accounted for the largest share of the Protein Stability Analysis Market in 2019. The large share of this segment is primarily due to the extensive use of protein stability analysis in pharmaceutical & biotechnology companies for drug discovery applications. Stringent regulations for pharmaceutical drug development and manufacturing, the utilization of the quality-by-design approach in drug discovery and development and increasing public-private research investments & funding for drug development are also supporting the adoption of protein stability analysis instruments in this end-user segment.

What Drives the Protein Stability Analysis Market?

The growth of the global market for Protein Stability Analysis is primarily influenced by the following factors:

• Growing Adoption of Open Innovation Models in Pharmaceutical and Biotechnology Companies
• Increasing Pharmaceutical Outsourcing

However, the high cost of protein stability analysis systems is expected to restrain the growth of this market to a certain extent.

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Geographical growth scenario of Protein Stability Analysis Market:

Emerging Asia Pacific countries, such as India, China, Japan, South Korea, and Indonesia, are witnessing a rapid expansion and the modernization of healthcare infrastructure and increasing per capita healthcare expenditure. The growth of this market is attributed to the increasing R&D spending, the growing trend of outsourcing drug discovery services, increasing number of public-private partnerships, and growing government funding for medical research.

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Leading Protein Stability Analysis Market players and strategies adopted:

The major protein stability analysis providers include Thermo Fisher Scientific, Inc. (US), Waters Corporation (US), Agilent Technologies, Inc. (US), PerkinElmer (US), Shimadzu Corporation (Japan), GE Healthcare (US), Malvern Panalytical Ltd (Spectris company) (US), Horiba, Ltd (Japan), Unchained Labs (US), NanoTemper Technologies (US), and Enzo Life Sciences, Inc. (US).

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This release was published on openPR.