DALLAS, May 6, 2015 /PRNewswire/ --
According to a new market research report "Protein Purification & Isolation Market by Technology (Precipitation, Dialysis, Electrophoresis, Western Blotting, Ion Exchange & Affinity Chromatography) by Product (Instruments, Kits, Reagents, Resins) by Application & End User - Global Forecast to 2020 ", published by MarketsandMarkets, the global Protein Purification and Isolation Market was valued at $ 3,970 Million in 2014 and is expected to reach $ 6,370 Million by 2020 growing at a CAGR of 8.3% during the forecast period from 2015 to 2020.
Browse 211 market data Tables and 43 Figures spread through 280 Pages and in-depth TOC on "Protein Purification and Isolation Market"
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The global Protein Purification and Isolation Market is witnessing high growth owing to factors such as increased research in the pharmaceutical and biotechnological fields, and the growing need to identify new ligands and rapid purification kits to rapidly screen, prepare, purify, and concentrate protein samples. Increased funding from both public and private research bodies for research and development, technological advancements such as single-use purification technology, and growing research in the field of structure-based drug design are further driving the growth of this market. However, high cost of instruments, soaring research and development cost, difficulty in developing one-size-fits-all purification kits, and dearth of skilled professionals are restraining the growth of the global protein purification and isolation market.
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In this report, the protein purification and isolation market is segmented by technology, product, application, end user, and geographic regions. The report also discusses the key market drivers, restraints, and opportunities of this market and its submarkets. The market is expected to grow at a CAGR of 8% to 9% during the forecast period.
In 2014, North America accounted for the largest share of the protein purification and isolation market, followed by Europe and Asia-Pacific. Growth in the North American region can be attributed to the presence of a large number of protein purification and isolation market players in this region, developed pharmaceutical and biotechnology R&D infrastructure, and technological advancements in the proteomics field. However, the APAC region represents the highest growth opportunity for the protein purification and isolation market during the forecast period owing to the growing investments by emerging countries such as China, India, and Brazil in the protein purification and isolation sector, increased R&D investments and rising government funding, and increasing government initiatives are expected to propel the growth of this market.
Major players in the Protein Purification and Isolation Market include Thermo Fisher Scientific, Inc. (U.S.), Merck Millipore (U.S.), QIAGEN N.V. (Netherlands), Bio-Rad Laboratories, Inc. (U.S.), Agilent Technologies (U.S.), Sigma-Aldrich Corporation (U.S.), Promega Corporation (U.S.), Purolite Corporation (U.S.), GE Healthcare Life Sciences (U.K.), and Roche Applied Science (Switzerland).
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