Global Protein Purification And Isolation Market Size & Outlook
Global protein purification and isolation market, 2018-2030 (US$M)
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Global protein purification and isolation market highlights
- The global protein purification and isolation market generated a revenue of USD 9,276.0 million in 2023 and is expected to reach USD 19,083.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.9% by 2030.
- In terms of segment, consumables accounted for a revenue of USD 5,728.5 million in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,276.0 million |
| Market revenue in 2030 | USD 19,083.3 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Consumables |
Other key industry trends
- In terms of revenue, the North America accounted for 47.1% of the global protein purification and isolation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 863.1 million by 2030.
Consumables was the largest segment with a revenue share of 61.76% in 2023. Horizon Databook has segmented the Global protein purification and isolation market based on instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
Proteins are a key focus area in biotechnology and pharmaceutical industry. Major application areas for protein purification and isolation include drug screening, biomarker discovery, protein-protein interaction studies, and diagnostics. The use of proteins as targets to treat diseases is boosting protein research.
Researchers are conducting studies on the basic structure, interactions, function, and pathways of proteins to translate knowledge from bench to bedside in the form of diagnostics or drugs. Thus, increase in investments by pharmaceutical and biotechnology companies has resulted in market growth. Governments have increased their investments in R&D in pharmaceutical and biotechnology sectors.
Various government initiatives also promote the development and growth of biotechnology industry via tax incentives, grants, and investment-friendly regulations, among others. According to an article published by Nearshore Americas in 2019, private investments almost doubled from USD 68 billion in 2012 to USD 110 billion in 2017 in Latin America.
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Protein Purification And Isolation Market Scope
Protein Purification And Isolation Market Companies
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Global protein purification and isolation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Protein purification and isolation market size, 2023 (US$M)
Global protein purification and isolation market share, by product, 2023 & 2030 (%, US$M)
Protein purification and isolation market: Opportunity assessment by country
Global protein purification and isolation market, by region, 2023 (US$M)
Related regional statistics
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