Global & Southeast Asia Protein Purification & Isolation Market Size

Global and Southeast Asia Protein Purification & Isolation Market size is estimated to surpass USD 20.5 Billion by the end of 2035, witnessing around 8.65% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of global and southeast Asia protein purification & isolation was USD 6.9 Billion. The growth of the market can be attributed to the increasing desire among researchers and laboratory analysts to prevent contamination during the protein extraction and isolation procedure.

The increased importance of generating novel ligands including protein-based pharmaceutical compounds is one of the primary factors fueling market growth. Furthermore, an increasing need for purification kits in quick screen tests, a move toward advanced technological equipment for protein purification, the development of the proteomics sector, and increasing R&D in medicinal products and biotechnological businesses are expected to drive market growth. Also, Governments are increasing expenditure on R&D and implementing programs to help the pharmaceutical and biotechnology sectors grow. As per the India Brand Equity Foundation (IBEF), over 2,500 biotech enterprises have been founded in the nation. In 2019, the Indian biotechnology sector was worth USD 63 billion.