Protein Purification and Isolation Market 2024 Demand, Growth, Opportunities and Future Forecast 2033
As per the current market research conducted by the CMI Team, the global Protein Purification and Isolation Market size is expected to record a CAGR of 9.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 9,965.4 Million. By 2033, the valuation is anticipated to reach USD 22,003.8 Million.
Protein Purification and Isolation Market: Growth Factors and Dynamics
- Biopharmaceutical Industry Expansion: The growth of the biopharmaceutical industry, with an increasing number of biologics and therapeutic proteins in development, drives the demand for advanced protein purification and isolation technologies. The need for high-quality, pure proteins for research and drug development fuels market growth.
- Rising Research and Development Activities: Ongoing research and development efforts in various fields, including genomics, proteomics, and personalized medicine, contribute to the demand for efficient protein purification and isolation methods. Advancements in these technologies support the isolation of specific proteins for diagnostics and therapeutic purposes.
- Technological Advancements: Continuous advancements in protein purification and isolation technologies enhance efficiency, purity, and scalability. Innovations such as high-performance chromatography resins, membrane-based techniques, and automated systems improve the overall workflow, reducing processing times and increasing yields.
- Increasing Prevalence of Chronic Diseases: The rising prevalence of chronic diseases, including cancer, has led to a growing focus on targeted therapies and precision medicine. Protein purification and isolation play a crucial role in isolating therapeutic proteins for drug development, fostering market growth as the demand for precision medicine rises.
- Growing Demand for Biopharmaceuticals: The increasing acceptance of biopharmaceuticals over traditional small-molecule drugs contributes to the growth of the protein purification and isolation market. Biologics, such as monoclonal antibodies and recombinant proteins, necessitate sophisticated purification processes to meet regulatory standards and ensure safety and efficacy.
- Global Biotechnology Investments: Substantial investments in the biotechnology sector globally, driven by both public and private funding, stimulate the protein purification and isolation market. Funding for biotech startups, research initiatives, and infrastructure development supports the adoption of cutting-edge technologies, positively impacting the demand for advanced protein purification methods.
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Protein Purification and Isolation Market: Partnership and Acquisitions
- In 2023, Thermo Fisher Scientific and Symphogen have extended their collaboration to provide biopharmaceutical R&D laboratories with streamlined platform workflows. This partnership focuses on delivering quality monitoring and simplified characterization tools for the analysis of complex therapeutic proteins, enhancing efficiency and precision in biopharmaceutical research and development.
- In 2021, Purolite and PharmNXT Biotech formed a strategic alliance, allowing Purolite to distribute PharmNXT Biotech’s Praesto mAb chromatographic resin platform in the South Korea and Singapore markets. This collaboration enhances access to advanced chromatography solutions for biopharmaceutical processes in the specified regions.
Protein Purification and Isolation Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Protein Purification and Isolation Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Supply Chain Disruptions: The pandemic led to disruptions in global supply chains, affecting the availability of essential equipment, reagents, and consumables used in protein purification and isolation processes. Delays in manufacturing and transportation hindered research and development activities.
- Shift in Research Priorities: With a significant portion of resources and attention directed towards COVID-19 research and vaccine development, funding and efforts for other research areas, including protein purification and isolation, experienced a temporary shift. Non-essential research projects were delayed or deprioritized.
- Resumption of Research Activities: As the situation improved, there was a gradual resumption of research activities beyond COVID-19. Increased focus on other therapeutic areas and the continuation of ongoing research projects contributed to the recovery of the protein purification and isolation market.
- Emphasis on Biomanufacturing Technologies: The pandemic underscored the importance of biomanufacturing capabilities, including protein purification processes, in responding to health crises. This realization led to increased investments in technologies that enhance biomanufacturing efficiency, reliability, and scalability, driving the market’s recovery.
List of the prominent players in the Protein Purification and Isolation Market:
- Thermo Fisher Scientific Inc.
- Merck KGaA (Merck Millipore)
- GE Healthcare (a subsidiary of General Electric Company)
- Bio-Rad Laboratories Inc.
- Agilent Technologies Inc.
- Qiagen N.V.
- BioVision, Inc.
- Danaher Corporation (Beckman Coulter)
- Promega Corporation
- Abcam plc
- Lonza Group Ltd.
- Takara Bio Inc.
- Sartorius AG
- Waters Corporation
- PerkinElmer Inc.
- Others
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