Protein A Resin Industry Growth Analysis, Opportunities, Trends, Developments, And Forecast to 2030

The protein A resin market generated around $486.4 million in 2019, and it is expected to raise nearly $1,020.7 million by 2030, advancing at a CAGR of 7.0% during the forecast period (2020-2030). The market is driven by the escalating funding and investments in the research and development (R&D) of protein A resin and associated products and increasing collaborations and partnerships between market players. Additionally, the growing burden of chronic ailments and booming geriatric population will boost the market size.

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One of the key factors credited for the protein A resin market growth is the investment and funding for protein-based research by private and public organizations, to enhance therapeutic approaches. For example, the National Institutes of Health (NIH) of the U.S. invests around $32.3 million annually for medical research, by providing grants to programs in the field of medicine and life sciences. Besides, private players, such as Merck & Co. Inc. and Thermo Fisher Scientific Inc., are investing in protein-based research for drug discovery and development.

In addition to R&D, market players are adopting strategic measures such as collaborations and partnerships to develop next-generation protein A resins. Besides, these companies are focusing on product launches to make disease treatment better. For instance, Repligen Corporation collaborated with Purolite Corporation in 2019 to supply NGL-Impact A. Under this collaboration, Purolite Corporation has commercialized this next-generation protein A ligand by using its patented Praesto agarose jetting base bead technology.

The matrix segment of the protein A resin market is categorized into agarose-based, glass or silica-based, and organic polymer-based. Among these, the agarose-based category is projected to exhibit the fastest growth during the forecast period. This can be attributed to the adoption of agarose-based resins in large volumes by antibody manufacturers. These resins consist of hydrophobic and ionic groups that interact with specific compounds. Moreover, the natural source of agarose-based resins makes them more suitable than silica-based and organic polymer-based resins.

In 2019, North America generated the highest revenue for the global protein A resin market due to the augmenting demand for protein-based therapeutics to treat chronic ailments and swift approval for several biopharmaceuticals by the Food and Drug Administration (FDA). Additionally, the presence of numerous industry giants, such as Bayer AG and Gilead Sciences Inc., adds to the market size. Moreover, the region is expected to retain the top position in the market during the forecast period due to the rising prevalence of chronic diseases and burgeoning protein-related research activities.

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The Asia-Pacific protein A resin market is projected to demonstrate the fastest growth during the forecast period due to the increasing application of protein A resins in drug discovery, growing life sciences research activities, and enhancement in technologies. Among APAC nations, Japan has emerged as the largest contributor, owing to the presence of established pharma companies, including Otsuka Holdings Co. Ltd., Takeda Pharmaceutical Co. Ltd., and Astellas Pharma Inc., and growing expenditure on R&D for advanced drugs.

Thus, the application of new technologies and increasing collaborations between market players will augment the market size in the years to come.

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