Global & Southeast Asia Protein Purification & Isolation Market Share

North American Market Forecast   

The market in North America registered the largest market share of 26.14% along with a value of USD 1638.48 million in the year 2019 and is expected to reach a value of USD 6244.4 million by the end of 2035 by growing at a CAGR of 8.72% during the forecast period. The market in the region is thriving on the back of numerous factors, including increasing research in pharmaceutical and biotechnological fields, growing demand for rapid purification kits in the rapid screen test, a paradigm shift towards automated instrumentation for protein purification, and growth of the proteomics market. Additionally, increasing demand for specialized drugs, the presence of a large number of market players, developed research and development infrastructure, and the increasing technological advancements in the proteomics field are some of the additional factors anticipated to drive market growth in the region.

North America's dominant countries are the United States, Mexico, and Canada. Furthermore, owing to the presence of major vendors in the region, the US has contributed to a substantial portion of the market, and an upsurge in biopharmaceutical development of medicines is concurrently propelling market expansion in the projection period.

APAC Market Statistics

The global and Southeast Asia protein purification & isolation market in the Asia Pacific region is expected to grow the fastest over the forecast period. The need for protein purification and isolation solutions is expected to be fueled in this field by activities undertaken by developing-nation administrations such as India and China to enhance medical facilities. Furthermore, these governments are investing in the research and development of novel purification and isolation technologies. The Asia Pacific region is second in terms of dominance due to developing markets for protein purification & isolation market to improve healthcare infrastructure and raise patient knowledge about the accessibility of medical tests and technical solutions. China, Japan, and India are the dominant countries in the Asia Pacific, providing enormous chances for market participants to grow and keep up with trends in order to achieve lucrative results.

Europe Market Forecast

On the other hand, Europe is also expected to account for a major share of the global market over the forecast period. The growing importance of discovering novel ligands, such as protein-based therapeutic compounds, is driving the market's expansion. Furthermore, increasing research in pharmaceuticals and biological technologies fields, growing requirements for swift purification devices in swift screen tests, a paradigm shift toward automatic instrumentation for protein purification, and the development of the proteomics business are projected to stimulate the advancement of the Southeast Asia protein purification & isolation market in the European region.