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Protein Purification & Isolation Market Size

Report ID: GMI6574
Published Date: Aug 2023
Report Format: PDF

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Protein Purification & Isolation Market Size

Protein Purification & Isolation Market size was valued at USD 8.3 Billion in 2022 and is expected to reach USD 22.4 Billion in 2032 with CAGR of 10.5%. The growth is majorly attributed to factors such as increasing research and development in pharmaceutical and biotechnology companies, rising demand for biologics, and technological advancements in protein purification and isolation techniques.

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Protein purification refers to a process of isolating a specific protein or a group of proteins from a complex mixture of biological components. The protein purification & isolation facilitates in obtaining the target protein in a highly purified and biochemically active form. This process is essential for studying the structure, function, interactions, and potential applications of protein in research, diagnostics, and therapeutics.

Protein Purification & Isolation Market Report Attributes
Report Attribute	Details
Base Year:	2022
Protein Purification & Isolation Market Size in 2022:	USD 8.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10.5%
2032 Value Projection:	USD 22.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	340
Tables, Charts & Figures:	583
Segments covered:	Technology, Product, Application, End-user, and Region
Growth Drivers:	Increasing research and development in pharmaceutical and biotechnology companies Rising demand for biologics Technological advancements in protein purification and isolation techniques
Pitfalls & Challenges:	High cost of purification instruments Lack of skilled technicians

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Protein purification & isolation industry size was worth USD 8.3 billion in 2022 and is expected to generate USD 22.4 billion by 2032 driven by the ongoing R&D in pharmaceutical and biotechnology companies, rising demand for biologics, and technological advancements in protein purification and isolation techniques.

The consumables segment accounted for of 62.9% market share in 2022 and is anticipated to gain momentum owing to the rising demand for protein purification kits in high-throughput processes.

The North American protein purification and isolation market is expected to expand at a 10.3% CAGR from 2023-2032 attributed to the presence of advanced research and academic institutes that heavily rely on protein purification and isolation techniques in addition to a robust biotechnology and pharmaceutical industry which increases the demand for protein purification and isolation.

The prominent enterprises operating in the protein purification & isolation industry are Thermo Fisher Scientific Inc., Merck & Co. Inc., QIAGEN NV, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Promega Corporation, Danaher Corporation, Norgen Biotek Corp., Abcam plc, and Purolite.