The Value of Europe Protein A Resins Market Estimated to Soar Higher at 8.4% CAGR During 2020-2026
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Rapid expansion of biotechnology and pharmaceutical companies will spur protein A resins market growth. Also, rising funding for protein-based research will augment the market growth. However, availability of alternatives such as crystallization, ultrafiltration, capillary electrophoresis and high pressure folding for purification methods may restrain the industry growth in forthcoming years.
Antibody purification application segment accounted for more than 77% revenue share in 2019. With rising incidence of chronic diseases such as rheumatoid arthritis, protein A resin kits are developed for purification of antibodies for structural and diagnostic studies. They are also used as molecular probes for research and development activities. Monoclonal antibodies exhibit remarkable results in the management of chronic conditions such as cancer and rheumatoid arthritis. Thus, wide applications and benefits of antibodies will render a lucrative potential for protein A resins market growth in the forthcoming years.
Recombinant protein A resins market held more than USD 80 million revenue size in 2019. Recombinant protein A is generally formulated in E.coli and functioning is same as that of natural protein A resins. When other sources of production offer less non-specific binding, recombinant protein A resins are generally preferred. Thus, higher inclination towards recombinant protein A resins owing to its advantages will augment the segmental growth.
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Agarose-based matrix segment is estimated to grow at 8.3% CAGR over the forecast timeframe. Suitable resolution, favorable pH conditions and high flow rate drives the segment growth over the forecast time period. The benefits of using agarose-based matrix include excellent biocompatibility, considerable mechanical resistance, and hydrophobic nature that significantly contribute to product preference, thus increasing segmental growth.
Demand for protein A resins in biopharmaceutical companies will progress at 8.4% CAGR during the projection period. Growing demand for drug development coupled with increase research and development spending will augment the segment share. With rising adoption by biotechnology industries for protein A resins for antibody production, will offer profitable growth in the forecast timeframe.
Europe protein A resins industry was led by Germany protein A resins market in 2019 and is estimated to show a positive trend throughout the projection period. UK protein A resins business is forecasted to proceed at more than 7.5% CAGR across the forecast timeframe. Increasing number of pharmaceutical industry and presence of major market players in the country will influence market growth in the future. Furthermore, expanding applications of immunotherapy will augment the UK protein A resins business growth in future.
Major market players in Europe protein A resins market are Thermo Fisher Scientific, EMD Millipore, GE Healthcare, and Bio-Rad Laboratories among other industry participants. These market players are undertaking strategies such as technology advancements and inorganic growth strategies to strengthen their market presence and company expansion. For instance, in June 2018, Purolite introduced advanced protein A agarose resin. The new-generation resins, Praesto Jetted A50 shows improved performance aimed at widening their product and customer base.
Europe Protein A resins Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
Europe Protein A Resins Market Share, By Application, 2015 to 2026, (USD Million)
Europe Protein A Resins Market Forecast, By Product, 2015 to 2026, (USD Million)
Natural Protein A
Recombinant Protein A
Europe Protein A Resins Market Value, By Matrix Type, 2015 to 2026, (USD Million)
Glass or Silica gel-based Matrix
Organic Polymer-based Matrix
Europe Protein A Resins Market Growth, By Matrix Type, 2015 to 2026, (USD Million)
Clinical Research Laboratories
Academic Research Institutes
Contract Research Organizations
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