Asia Pacific Proteins Assays Market

The Asia Pacific Proteins Assays Market was worth $204.8 million in 2016 and estimated to be growing at a CAGR of 12.42%, to reach $367.75 million by 2021. Rising application of protein content determination in various fields related to pharmacy and biotechnology has stimulated the growth of market.

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Protein quantification is a vital step of dairy workflow of protein extraction in biochemistry and molecular biology that involves protein extraction, analysis or labelling. Quantification of proteins is needed for any sample prior to isolation, while separation and analysis by electrophoresis or chromatography or any other techniques. There are several methods to estimate the concentration of protein like Bradford, Lowry, BCA and UV spectroscopic Protein assays.

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Factors driving the growth of market are increasing expenditure on pharmaceutical and biological R&D, increasing incidence rate of chronic diseases like cardiovascular, neurological and other infectious diseases, rapid technological advancements in protein assay techniques, increase in government funding and initiatives. Yet, stringent regulatory framework, adverse drug reactions of anticonvulsants and unapproved bipolar drugs may restrict the growth of market.

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Market Segmentation

• Product
o Reagents
o Kits
o Instruments and Services
o Y-o-Y Growth Analysis, By Product
o Market Attractiveness Analysis, By Product
o Market Share Analysis, By Product

• Type
o Dye-Binding Assays
o Copper-Ion-Based Assays
o Test Strip-Based Assays
o Other Protein Assays
o Y-o-Y Growth Analysis, By Type
o Market Attractiveness Analysis, By Type
o Market Share Analysis, By Type

• Technology
o Absorbance-Based Protein Assays
o Colorimetric Protein Assays
o Fluorescence-Based Protein Assays
o Y-o-Y Growth Analysis, By Technology
o Market Attractiveness Analysis, By Technology
o Market Share Analysis, By Technology

• Application
o Drug Discovery & Development
o Disease Diagnosis
o Other Applications
o Y-o-Y Growth Analysis, By Application
o Market Attractiveness Analysis, By Application
o Market Share Analysis, By Application

• End User
o Academic and Research Institutes
o Pharmaceutical & Biotechnology Companies
o Hospitals
o Clinical Laboratories
o Other End Users
o Y-o-Y Growth Analysis, By End User
o Market Attractiveness Analysis, By End User
o Market Share Analysis, By End User

Based on Geographical analysis the market is separated into regions of China, India, Japan, South-Korea and Australia. China is leading the market while India is at second place. Growth in Pharmaceutical and biotechnological industries, strong trend of R&D in life sciences industry, increasing private-public partnership for drug development has helped these regions dominate the market. India is expected to grow the fastest due to increasing research funding, growing proteomics and genomics techniques and rising adoption of advanced Proteins Assays techniques. Dye binding proteins assays segment holds the major share in the market based on type, due to increasing usage of dye-binding assays in disease diagnosis. Absorbance-based proteins assays held major share in the market based on technology due to increasing sensitivity and accuracy of this technology.

Some of the key players dominating this market include Abcam PLC., Bio-Rad Laboratories Inc., Biovision Inc., Cell Signaling Technology Inc, GE Healthcare, PerkinElmer Inc., Thermo Fisher Scientific, Geno Technology Inc., Lonza Group, Merck KGaA, Novus Biologicals, LLC.

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This release was published on openPR.