Conversational AI to drive the Protein Purification Reagents Market at a CAGR of 10.5%

The global protein purification reagents market is projected to increase to a valuation of US$ 21 Bn by 2032, up from its present size of US$ 7.8 Bn, expanding at a noteworthy CAGR of 10.5% over the next ten years.

Based on technology, the chromatography vertical accounts for 25.1% share in the global market.

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Affinity chromatography, ion exchange chromatography, gel filtration chromatography, and high-pressure liquid chromatography are some of the types of chromatography techniques used in protein purification. In addition, electrophoresis is the technique used to separate macromolecules based on size and it applies a negative charge as protein moves towards a positive charge. Gel electrophoresis and capillary electrophoresis are some of the electrophoresis techniques used in protein purification.

North America dominates the global market for protein purification due to increasing R&D in the pharmaceutical and biotechnology industry and technological advancement in protein purification in the region. Asia is expected to show high growth rates in the next five years in the global protein purification market, with China and India being the fastest-growing markets in the Asia Pacific region. The key driving forces for the protein purification market in developing countries are the large pool of patients, growing number of research projects, and rising government funding for research activities in the region.

Increasing R&D in the pharmaceutical and biotechnology industry, rising government funding for research activities, technological advancement in protein purification, and increasing need for high-resolution information on protein structure are some of the key factors driving the growth of the global protein purification market. However, issues of high cost and time consumption, and lack of trained and skilled researchers act as major restraints for the growth of the global protein purification market.

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The growing need to identify new ligands for drug discovery, rapid purification kit, and the introduction of automated workstations to reduce the labor force would offer opportunities for the global protein purification market. The major companies operating in the global protein purification market are

Merck Millipore
Takara Bio Company
Applied Biosystems
Qiagen
Advanced Bioscience Laboratories
GE Healthcare Life Sciences
PerkinElmer
Thermo Fisher Scientific
Agilent Technologies
Bio-Rad Laboratories

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