Protein Assays Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Protein Assay Market is Segmented by Product Type (Kits, Reagents, and Instruments and Accessories), by Application (Drug Discovery and Development, Disease Diagnosis, and Other Applications), by End User (Pharmaceutical and Biotechnology Industries, Hospitals and Clinics, and Other End Users, and by geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

Protein Assays Market Size

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Protein Assay Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 2.03 Billion
Market Size (2029) USD 3.53 Billion
CAGR (2024 - 2029) 11.73 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Protein Assay Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Protein Assays Market Analysis

The Global Protein Assays Market size is estimated at USD 2.03 billion in 2024, and is expected to reach USD 3.53 billion by 2029, growing at a CAGR of 11.73% during the forecast period (2024-2029).

The emergence of the COVID-19 pandemic in 2020 had a severe impact on the global healthcare market as the lockdown implemented by the respective governments across the globe to curb the spread of COVID-19 not only affected the daily life of people but also affected the supply chain of pharmaceuticals, medical devices, diagnostic products, and other healthcare products. Further, due to COVID-19, the footfall in hospitals, clinics, and diagnostics centers decreased for diseases other than COVID-19 which had an impact on the protein assays market. However, protein assays played a significant role in understanding the mechanism of the virus, and many research and development activities were conducted and being conducted with the help of protein assays which is anticipated to have a positive impact on the protein assay market. For instance, as per a research study published by Cassandra Guarino et. al., in January 2022, a serological COVID-19 Multiplex Assay was developed and validated using serum samples from convalescent patients and those collected prior to the 2020 pandemic, and as per the study, after initial testing of multiple potential antigens, the SARS-CoV-2 nucleocapsid protein (NP) and receptor-binding domain (RBD) of the spike protein were selected for the human COVID-19 Multiplex Assay and the COVID-19 Multiplex Assay was utilized to identify seroprevalence to SARS-CoV-2 in people living in a low-incidence community in New York, United States. Thus, the protein assay market is expected to regain its full potential over the forecast period of the study owing to ongoing research and development activities in the area coupled with the large-scale vaccination program around the world.

The rapid increase in the prevalence of chronic diseases such as cancer, cardiovascular diseases, diabetes, and others coupled with the technological innovations and advancement in the protein assay technique are expected to be significant growth factors for the protein assay market during the forecast period of the study. For instance, according to a World Health Organization (WHO) update from April 2021, noncommunicable diseases (NCDs) are responsible for death of about 41 million people each year, accounting for 71 percent of all deaths worldwide, and more than 15 million people die from an NCD between the ages of 30 and 69, with 85 percent of these "premature" deaths occurring in low- and middle-income countries. Further, according to the 2020 report of the International Agency for Research on Cancer (Globocan 2020), there was about 19.3 million new cancer cases diagnosed globally in 2020 and this number is projected to increase to 28.9 million new cases by 2040.Hence, due to high prevalence of chronic diseases and mortality from it, the demand for protein assays is expected to increase significantly for different applications such as drug discovery and development, disease screening and diagnosis, and others, which will boost growth in the studied market. in addition, the research studies being conducted in the area along with the technological advancements in the protein assay technology are also expected to augment the growth of the protein assay market. For instance, as per a February 2022 published article, 'Opto-Microfluidic Integration of the Bradford Protein Assay in Lithium Niobate Lab-on-a-Chip', A new protocol is proposed to perform the protein quantification based on the high correlation of the light absorbance at 595 nm, as commonly used in the Bradford method, with the one achieved at 633 nm with a cheap commercially available diode laser. This protocol demonstrates the possibility to quantify proteins by using nL volumes, 1000 times less than the standard technique such as paper-analytical devices. Moreover, it shows a limit of quantification of at least 0.12 mg/mL, which is four times lower than the last literature, as well as a better accuracy (98%). The proposed methodology presents the further advantage that the protein solutions and opto-microfluidic platform can be reused for other investigations, and open opportunity of growth for the protein assays market.

Further, the growing burden of chronic diseases around the world is boosting investment in the pharmaceutical and biological research and development activities which is further expected to have a significant impact on the growth of the studied market. For instance, according to a report published by the Pharmaceutical Research and Manufacturers of America (PhRMA) in September 2021, biopharmaceutical companies have invested more than a trillion dollars in research and development in the last decade alone, including a record-breaking year in 2020, when PhRMA member companies alone invested about USD 91 billion in research and development. Further, as per the same source, there were more than 8,000 medicines in development around the world in 2021, with 74 percent of them having the potential to be first-in-class treatments, or completely novel ways to treating a disease. Thus, huge investment in the pharmaceutical and biological research and development activities are further expected to compliment the growth of the protein assay market over the forecast period of the study. However, the high cost of protein assays equipment, along with consumables and reagents required for protein analysis, are expected to restrain the growth of the protein assays market during the forecast period of the study.

Protein Assays Market Trends

This section covers the major market trends shaping the Protein Assays Market according to our research experts:

Drug Discovery and Development Segment is Expected to Hold a Significant Share in the Protein Assay Market during the Forecast Period of the Study

Proteins are the primary target in any drug discovery and development activity; hence protein analysis is crucial in this process. Target identification and evaluation, identification of efficacy and toxicity biomarkers from readily accessible biological fluids, and investigations into mechanisms of drug action or toxicity are some of the common applications of protein analysis in drug discovery, which is expected to grow significantly due to a large number of ongoing drug discovery and development activities initiated by pharmaceutical companies around the world and boost growth in the drug discovery and development segment of the protein assays market.

Proteomics combines aspects of biology, chemistry, engineering, and information science and applies them to all areas of drug discovery, allowing scientists to screen large numbers of proteins within clinically distinct samples, allowing them to discover disease biomarkers, identify and validate drug targets, design more effective drugs, and assess drug efficacy and patient response in a very short period of time, which not only speeds up the procedure but also saves cost which is why protein assays are used widely in the drug discovery and development process. In addition, product launches and strategic activities by market participants, such as new investments, the establishment of new companies, collaborations, and others, are further expected to contribute to the segment's growth. For instance, in December 2021, Canopy Biosciences, a Bruker Company, launched assay kits for ChipCytometry. The Canopy assay kits will be used to quantitatively image dozens of targeted protein biomarkers simultaneously on a single tissue section at a single-cell spatial resolution which will streamline the user experience with ChipCytometry for a shorter pathway to meaningful biological advances. Therefore, due to the above mentioned factors, the drug discover and development segment is expected to hold a significant share in the protein assays market.

Protein Assay Market Major Players

North America Region is Expected to Hold a Significant Share in the Protein Assay Market during the Forecast Period of the Study

By geography, the North American region (including the United States, Canada, and Mexico) is expected to hold a significant share in the protein assay market during the forecast period of the study owing to the presence of a large pharmaceutical market and high investment in the drug development and discovery initiative by some of the largest pharmaceutical companies that are located in the region coupled with the high prevalence of chronic diseases and presence of robust healthcare infrastructure in the region. For instance, according to the European Federation of Pharmaceutical Industries and Associations report of 2021, the North American market which includes the United States and Canada held the largest share in the global pharmaceutical market with 49%, ahead of Europe, China, and Japan. Thus, due to the high demand for pharmaceuticals in the region, the investment in drug discovery and development is significantly higher than in the other areas and this is expected to increase the demand for protein assays in the region which will drive growth in the studied market in North America over the forecast period of the study.

For instance, the research and development expenditure of Pfizer, Inc. which is headquartered in the United States, increased from USD 9,393 million in 2020 to USD 13,829 million as per the company's annual report. Similarly, as per the annual report of the Eli Lily and Company, their research and development expenditure increased to USD 7,025.9 million in 2021 from USD 6,085.7 million in 2020. These given data shows a increasing investment in the drug discovery and development initiatives as these are pharmaceutical companies that are engaged in various drug discovery and development processes and as protein assays are used extensively used in drug discovery and development procedures and thus, the protein assay market is expected to grow significantly in the United States. Further, the product launches, partnerships, and mergers and acquisitions will help the companies in expanding their product offering and footprints, thereby contributing to the lucrative growth of the market in the country. For instance, in March 2022, Sengenics launched an autoantibody profiling service - the 'Pan-Autoimmune Protein Array 1.0' for efficient identification and quantitation of autoantibody disease biomarker signatures. It is a protein microarray-based, multiplexed immunoassay which utilizes Sengenics' KREX protein folding technology and optimized computational analysis. Therefore, due to the aforementioned factors, the United States is expected to hold a significant market share in the protein assay market during the forecast period of the study.

Global Protein Assay Market - Growth by Region

Protein Assays Industry Overview

The Protein Assays Market is fragmented and competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Thermo Fisher Scientific, Bio-Rad Laboratories, Inc, Merck KGaA, Cell Signaling Technology, Inc, Danaher, F. Hoffmann-La Roche Ltd, PerkinElmer Inc, Promega Corporation, Abcam Plc, and Qiagen, among others.

Protein Assays Market Leaders

  1. Thermo Fisher Scientific

  2. Bio-Rad Laboratories, Inc

  3. Cell Signaling Technology, Inc

  4. Merck KGaA

  5. Danaher Corporation

*Disclaimer: Major Players sorted in no particular order

Protein Assay Market Concentration
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Protein Assays Market News

  • In March 2022, Biognosys launched an expanded suite of proteomics platforms that provide pharmaceutical and diagnostics customers with deep biological insights across the entire R&D pipeline, from early-stage discovery to clinical settings.
  • In January 2022, Amgen entered into a partnership with Generate Biomedicines to discover and create protein therapeutics for five targets across several therapeutic areas and multiple modalities with an early investment of USD 1.9 billion-plus.

Protein Assays Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidence of Chronic and Infectious Diseases

      2. 4.2.2 Technological Advancements in Protein Assay Techniques

      3. 4.2.3 Increasing Expenditure on Pharmaceutical and Biological Research and Development

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Multiplex Assay Equipment

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value in USD Million)

    1. 5.1 By Product Type

      1. 5.1.1 Kits

      2. 5.1.2 Reagents

      3. 5.1.3 Instruments and Accessories

    2. 5.2 By Application

      1. 5.2.1 Drug Discovery and Development

      2. 5.2.2 Disease Diagnosis

      3. 5.2.3 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Pharmaceutical and Biotechnology Industries

      2. 5.3.2 Hospitals and Clinics

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Thermo Fisher Scientific

      2. 6.1.2 Bio-Rad Laboratories, Inc

      3. 6.1.3 Merck KGaA

      4. 6.1.4 Cell Signaling Technology, Inc

      5. 6.1.5 Danaher Corporation

      6. 6.1.6 F. Hoffmann-La Roche Ltd

      7. 6.1.7 PerkinElmer Inc

      8. 6.1.8 Promega Corporation

      9. 6.1.9 Abcam Plc

      10. 6.1.10 Qiagen

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Protein Assays Industry Segmentation

As per the scope of the report, protein assays are widely used to determine the presence or concentration of a specific protein or an array of different proteins in a sample. Cell biology, molecular biology, protein purification, electrophoresis, and other scientific applications all require estimation of protein concentration where protein assays are used.

The protein assay market is segmented by product type (kits, reagents, and instruments and accessories), by application (drug discovery and development, disease diagnosis, and other applications), by end user (pharmaceutical and biotechnology industries, hospitals and clinics, and other end users), and by geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Product Type
Kits
Reagents
Instruments and Accessories
By Application
Drug Discovery and Development
Disease Diagnosis
Other Applications
By End User
Pharmaceutical and Biotechnology Industries
Hospitals and Clinics
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Protein Assays Market Research FAQs

The Global Protein Assays Market size is expected to reach USD 2.03 billion in 2024 and grow at a CAGR of 11.73% to reach USD 3.53 billion by 2029.

In 2024, the Global Protein Assays Market size is expected to reach USD 2.03 billion.

Thermo Fisher Scientific, Bio-Rad Laboratories, Inc, Cell Signaling Technology, Inc, Merck KGaA and Danaher Corporation are the major companies operating in the Global Protein Assays Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Protein Assays Market.

In 2023, the Global Protein Assays Market size was estimated at USD 1.82 billion. The report covers the Global Protein Assays Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Protein Assays Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Protein Assays Industry Report

Statistics for the 2024 Protein Assays market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Protein Assays analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Protein Assays Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)