According to a new report published by UnivDatos Markets Insights, the Protein Crystallization Market is expected to grow at a CAGR of around 8% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Protein Crystallization Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Product Type (Consumables, Reagent Kits, Instruments, and Software & Services); Technology (X-ray Crystallography, NMR Spectroscopy, Cryo-Electron Microscopy, and Small-Angle X-Ray Scattering (SAXS)); Region/Country.
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The protein crystallization market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the protein crystallization market. The protein crystallization market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the protein crystallization market at the global and regional levels.
Market Overview
Protein crystallization is an important tool to purify proteins as well as to demonstrate their chemical purity. This process is essential for X-ray crystallography, a field that has contributed enormously to our understanding of atomic and molecular structure even at protein and nucleic acid levels. The crystallized protein has multiple applications in the pharmaceutical and biopharmaceutical industries in drug manufacturing attributed to the market growth of protein crystallization. The rising incidence of chronic diseases and growing knowledge of protein treatments' effectiveness are responsible for the increased demand for protein therapeutics. For instance, as per the World Health Organization (WHO), an estimated 19.3 million new cancer cases were diagnosed worldwide.
Factors such as the growing biotechnology industry and increasing demand for biopharmaceutical products are driving the market growth of the protein crystallization market.
Some of the major players operating in the market include Some of the major players operating in the market include Rigaku Corporation, Hampton Research Corp, HiMedia Laboratories, Bruker, Thermo Fisher Scientific, Jena Bioscience GmbH, Agilent Technologies Inc., Charles River Laboratories, Molecular Dimensions, and Formulatrix
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COVID-19 Impact
The market for protein crystallization was significantly impacted by COVID-19 because there was a rise in the demand for protein-based treatments and vaccines due to the increased prevalence of infectious diseases in the population. The development of COVID-19 medications has made substantial use of protein crystallization, which has a positive impact on the growth of the market.
· Based on the type, the market has been categorized into consumables, reagent kits, instruments, and software and services. Among them, the reagent kits segment is expected to grow at a higher CAGR in the market. The reagents have various applications in the biochemistry of proteins such as precipitating agents, detergents, or additives. These factors are responsible for the significant growth of the reagent kit segment during the forecast period.
· Based on the technology, the market has been categorized into x-ray crystallography, NMR spectroscopy, cryo-electron microscopy, and small-angle x-ray scattering (SAXS). Among them, the x-ray crystallography segment holds considerable growth in the market, and it is expected to grow at a significant CAGR during the forecast period. X-ray Crystallography is a scientific method used to determine the arrangement of atoms of a crystalline solid in three-dimensional space. Frequent product launches and advancements in x-ray diffraction technology attributes to the growth of the segment in the protein crystallization market. For instance, in November 2020, Rigaku Corporation announced the release of the Rigaku HyPix-Arc 100° curved photon counting (HPC) X-ray detector for single crystal X-ray diffraction applications.
· Based on the end-user, the market has been categorized into pharmaceutical companies, biotechnology companies, and others. Among them, the biotechnology segment is expected to grow at a significant CAGR during the forecast period. The rising demand for the biopharmaceutical products such as vaccines, and other medications attributes to the growth of the segment. Furthermore, increasing research efforts in the development of protein-based biosimilars along with the rising awareness of biotechnological products attributes to the significant growth of biotechnology companies.
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Protein Crystallization Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as rapid industrialization and rising pharmaceutical production in the region are the important reasons for the growth of the market in the region. For instance, as per the National Investment Promotion & Facilitation Agency, the pharmaceutical industry in India is expected to reach $65 bn by 2024 and $120 bn by 2030.
The major players targeting the market include
· Rigaku Corporation
· Hampton Research Corp
· HiMedia Laboratories
· Bruker
· Thermo Fisher Scientific
· Jena Bioscience GmbH
· Agilent Technologies Inc.
· Charles River Laboratories
· Molecular Dimensions
· Formulatrix
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Protein Crystallization market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the protein crystallization market?
• Which factors are influencing the protein crystallization market over the forecast period?
• What are the global challenges, threats, and risks in the protein crystallization market?
• Which factors are propelling and restraining the protein crystallization market?
• What are the demanding global regions of the protein crystallization market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights (UMI)
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