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Protein A Resin Global Market Estimated to Surge at a CAGR of 9.2% to Reach $2.37 Billion By 2028 | PerkinElmer Inc., Abcam PLC, Merck KGaA, JNC Corporation, Danaher Corporation, Asahi Kasei Corporation
Protein A Resin Global Market
The protein a resin market size is expected to see strong growth in the next few years. It will grow to $2.37 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising biosimilar development, focus on cost-efficiency, increasing investment in bioprocessing facilities, expansion of biopharmaceutical market in emerging economies, growing demand for personalized medicine. Major trends in the forecast period include single-use systems, technological advancements, demand in emerging markets, strategic collaborations and partnerships, focus on sustainable practices.
Market Overview -
Protein A resin refers to a type of chromatography resin that is commonly used in protein purification processes. It is used to purify a variety of antibodies and monoclonal antibody products.
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Surge In R&D Investments Fuels Protein A Resin Market Growth In The Pharmaceutical Sector
The increased R&D investments in pharmaceutical companies are expected to propel the growth of the protein A resin market forward. R&D refers to the process of researching and developing new drugs, therapies, technologies, or services that can be used to improve the health of patients. Protein A resin is used in several chromatography assays that are used in pharmaceutical development procedures as a chromatography medium. For instance, in 2022, Roche Holding AG, a Switzerland-based pharmaceuticals company spent the highest ever $16.79 billion on R&D which was an increase of 3.7% from 2021. Additionally, in 2022, Merck, a US-based pharmaceuticals company increased its R&D spending by 10% as compared to 2021, Merck spent $13.54 billion on R&D in 2022. As a result, the increased R&D investments in pharmaceutical companies is propelling the growth of the protein A resin market.
Competitive Landscape -
Major companies operating in the protein a resin market report are PerkinElmer Inc., GenScript Biotech Corporation, Agilent Technologies Inc., Repligen Corporation, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Abcam plc, Novasep Holdings SAS, GE Healthcare Technologies Inc., Merck KGaA, Expedeon Ltd., Tosoh Bioscience LLC, Purolite Corporation, Kaneka Corporation, JSR Life Sciences Corporation, Agarose Beads Technologies, JNC Corporation, Danaher Corporation, Orochem Technologies Inc., Avantor Inc., Global Life Sciences Solutions USA, EMD Millipore Corp., Nippon Shokubai Co. Ltd., Bio-Works Technologies AB, Asahi Kasei Corporation, Avantor Performance Materials LLC, Life Technologies Corporation, Avacta Life Sciences Limited, Genscript Corporation, Purolite Lifesciences .
Repligen Corporation's Groundbreaking Ngl Covid-19 Spike Protein Affinity Resin Is A Revolutionary Advancement In The Protein A Resin Market
Product innovations are a key trend gaining popularity in the protein A resin market. Major companies in the protein A resin market are introducing innovative solutions to sustain their position in the market. For instance, in February 2021, Repligen Corporation, a US-based developer of materials used in manufacturing biological drugs, launched NGL COVID-19 Spike Protein Affinity Resin in partnership with Navigo Proteins GmbH, a Germany-based biotechnology company. The uniqueness of the product is that it is a novel protein A resin that can be used for several vaccines for COVID-19 treatment.
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Key Segments -
The protein a resin market covered in this report is segmented -
1) By Type: Natural Protein A, Recombinant Protein A
2) By Matrix Type: Agarose-Based Protein A, Glass/Silica-Based Protein A, Organic Polymer-Based Protein A
3) By Application: Antibody Purification, Immunoprecipitation
4) By End User: Biopharmaceutical Manufacturers, Clinical Research Laboratories, Academic 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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