Protein Assays Market Outlook Report 2024 | Size, Trends, Analysis, Insights, Overview By 2033

The protein assays market size has grown rapidly in recent years. It will grow from $2.53 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to advancements in proteomic research, drug discovery and development activities, biotechnology and life sciences research, rising prevalence of chronic diseases, increasing adoption of personalized medicine.

The protein assays market size is expected to see rapid growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to expanding applications in clinical diagnostics, growing emphasis on biomarker discovery, biopharmaceutical production and quality control, technological integration in research platforms, rise in proteomic profiling for personalized therapies. Major trends in the forecast period include increased use of proteomics in drug discovery, development of high-sensitivity assay kits, focus on standardization and assay reproducibility, integration of proteomic data with other omics data, expansion of protein assays in clinical diagnostics.

Market Overview -

Protein assay refers to the process of determining how much or how many distinct proteins there are in a sample, depending on the case. Many clinical and research procedures include the isolation and detection of proteins. The protein assay is used to quantify the presence of a particular protein, or a variety of proteins, in a sample.

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Healthcare Infrastructure Boom Catalyst For Future Growth In The Protein Assay Market

The rapid development of healthcare infrastructure is expected to drive the protein assay market going forward. Healthcare infrastructure refers to an infrastructure that comprises cutting-edge equipment, specialized medical personnel, such as doctors and nurses, as well as developed pharmaceutical enterprises. Protein assays are useful for the diagnosis of many conditions, including kidney and cardiovascular diseases, and cancers and hence, the development of healthcare infrastructure will drive the market for protein assays. For instance, in November 2022, according to the report published by the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization meant to stimulate economic progress and world trade, health spending as a percentage of GDP increased from 8.8% in 2019 to 9.7% in 2020 across OECD countries. For a group of 20 OECD nations, preliminary projections indicate that health spending grew by about 6% in 2021. Therefore, the rapid development of healthcare infrastructure is driving the growth of the protein assay market.

Competitive Landscape -

Major companies operating in the protein assays market report are Pfizer Inc., Johnson & Johnson, General Electric Company, F. Hoffmann-La Roche AG, AstraZeneca plc, Thermo Fisher Scientific Inc., Roche Diagnostics International AG, Takeda Pharmaceutical Company Limited, Danaher Corporation, Eli Lilly and Company, Merck KGaA, Siemens Healthineers AG, R&D Systems Inc., Lonza Group AG, PerkinElmer Inc., Bio-Rad Laboratories Inc., Takara Bio Inc., Qiagen N.V., Promega Corporation, Abcam plc, Cell Signaling Technology Inc., BioVision Inc., Cayman Chemical Company, Enzo Life Sciences Inc., Novus Biologicals LLC, Abnova Corporation, Elabscience Biotechnology Co Ltd., Geno Technology Inc., Cytoskeleton Inc., Lexicon Pharmaceuticals Inc.

Protein Assay Market Drive Advances With 3D Spatial Analysis Kits
Major companies operating in the protein assay market are focused on developing innovative solutions such as 3D spatial analysis kits. A 3D spatial analysis kit refers to a set of tools, software, or resources designed for analyzing and visualizing spatial data in three dimensions. For instance, in June 2023, Pixelgen Technologies AB, a Sweden-based biotechnology company launched the 'Pixelgen Single Cell Spatial Proteomics Kit'. The Pixelgen SCSP Kit is based on the MPX technology that possesses the potential to significantly enhance comprehension of cellular activity, thereby fostering advancements in fundamental scientific knowledge, expediting drug discovery and development processes, and improving diagnostic capabilities. The initial version of the Pixelgen SCSP Kit will include a set of 76 protein assays and 4 controls for simultaneous testing.

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Key Segments -

The protein assays market covered in this report is segmented -

1) By Product Type: Reagents And Kits, Instruments
2) By Technology Type: Absorbance Based Protein Assays, Colorimetric Protein Assays, Fluorescence Based Protein Assays
3) By End User: Pharmaceutical Industry, Biotechnology Industry, Clinical Laboratories, Hospitals, Academic Research Institutes

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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