Protein Purification And Isolation Market Size

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 2028, growing at a CAGR of 10.60% during the forecast period (2024-2028).

The outbreak of the pandemic impacted the protein purification and isolation market. The demand for protein purification and isolation procedures drastically increased as it was used to analyze and research severe acute respiratory syndrome coronavirus (SARS-CoV-2). For instance, according to an NCBI study published in September 2021, there was a strong global demand for diagnostic and serological supplies, as countries needed to establish their technologies for producing high-quality biomolecules. The two major viral antigens used to diagnose SARS-CoV-2 are the structural proteins spike (S) protein and nucleocapsid (N) protein. Thus, the demand for protein purification and isolation increased during the pandemic as it was one of the initial and essential steps needed to proceed with further diagnosis and research work. Therefore, the market witnessed healthy growth during the pandemic. In addition, protein purification and isolation are also essential for vaccine manufacturing and are utilized for COVID-19 vaccine preparation. Thus, the market is expected to continue the upward trend over the forecast period.

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.