Protein Purification And Isolation Market Size (2024 - 2029)

Protein Purification And Isolation Market Analysis

The Protein Purification And Isolation Market size is estimated at USD 9.69 billion in 2024, and is expected to reach USD 16.18 billion by 2029, growing at a CAGR of 10.60% during the forecast period (2024-2029).

Increasing investment in pharmaceutical and biotechnological research and development and the rising need for more accurate and rapid purification kits drive market growth. For instance, as per the journal published by Pharma Statistics in April 2023, many key drug companies reinvested 19.2% of prescription drug sales profit into new drug development. Modern drug discovery uses libraries of purified proteins. The proteins used in the initial steps of drug discovery should be highly purified ones, and structural features of proteins must be preserved because protein function is highly dependent on tertiary structure. Thus, protein purification is an essential step for drug discovery and development. Therefore, such facts are anticipated to propel the demand for protein purification and isolation procedures, positively impacting the market growth over the forecast period.

Furthermore, the product launches by the key players to meet the rising need for more accurate and rapid purification kits may also help the market to grow. For instance, in March 2023, Gyros Protein Technologies AB launched three service offerings to support developing and manufacturing peptide-based drugs. The new services are based on the Company's PurePep EasyClean (PEC) orthogonal peptide purification technology. Two existing PEC kit types support the services: Starter Kits and High Throughput Kits. Similarly, in May 2023, 10x Genomics Inc. commercially launched the new Visium CytAssist Gene and Protein Expression product to expand the breadth of the Visium CystAssist spatial analysis capabilities. Thus, owing to such instances, considerable market growth is expected over the forecast period.

However, the high cost of purification instruments and the lack of skilled professionals will likely impede the market growth over the forecast period.

Protein Purification And Isolation Industry Segmentation

As per the report's scope, protein purification can be defined as a series of steps performed to obtain and study the desired protein from a complex mixture. Protein purification is vital for characterizing the required protein's function, structure, and interactions. The protein isolation aims to safely and efficiently separate the required protein from a mixture. Protein is isolated from samples of mammals, insects, plants, yeasts, or bacteria. The protein purification and isolation market is segmented by Product (Instruments and Consumables), by Technology (Precipitation, Ultrafiltration, Chromatography, Electrophoresis, and Western Blotting), by End User (Academic and Research Institutes, Pharmaceutical and Biotechnological Companies, Contract Research Organizations (CROs), and Hospitals) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.