According to the latest report by IMARC Group, titled “Protein Detection & Quantification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global protein detection & quantification market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.
Protein detection and quantification represent the techniques that are adopted by scientific experts to determine the characteristics of a protein and its total protein content. Some widely utilized protein detection and quantification methods include Enzyme-Linked Immunosorbent Assay (ELISA), western blot analysis, nanoparticles and nanopore-based procedures, mass spectrometry, etc. These techniques assist in comparing two distinctive protein samples, verifying the success of the lysis step, measuring enzyme kinetics, etc. Consequently, protein detection and quantification are widely adopted across academic institutions, research organizations, biotechnology firms, etc., for research studies and clinical diagnosis.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The expanding pharmaceutical industry and numerous technological advancements in biotechnology are among the primary factors driving the protein detection & quantification market. Besides this, the growing adoption of immunoassay techniques and infrared spectroscopy, which help experts attain accurate results, is further propelling the market growth. Moreover, the rising investments into research and development (R&D) activities in the field of proteomics are acting as significant growth-inducing factors. In addition to this, the elevating incidences of several chronic illnesses, such as cancer, are catalyzing the need to diagnose diseases at a molecular level to develop effective treatments. This, in turn, is also augmenting the global market. Furthermore, the escalating innovations in the genomics sector and the continuous upgradation of existing healthcare infrastructures are expected to fuel the protein detection & quantification market over the forecasted period.
Breakup by Product Type:
- Kits and Reagents/Consumables
Breakup by Technology:
- Colorimetric Assays
- Immunological Methods
- Mass Spectrometry
- Spectroscopy Instruments
Breakup by Application:
- Drug Discovery and Development
- Clinical Diagnosis
Breakup by End User:
- Academic Research Institutes
- Biotechnology and Pharmaceutical Companies
- Contract Research Organization
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Agilent Technologies Inc
- Bio-Rad Laboratories Inc
- Danaher Corporation
- General Electric Company
- Inanovate Inc
- Merck KGaA
- PerkinElmer Inc
- RayBiotech Life Inc
- Shimadzu Corporation
- Thermo Fisher Scientific Inc
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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