Protein Labeling Market size in 2019 is estimated to be $1.5 billion, growing at a CAGR of 12.3% during the forecast period 2020-2025.Proteins are the largest and most important biomolecules in a living organism, as they are vital to the functioning of an organism. Proteins are biotin labeled that are routinely detected or purified with avidin conjugates in many protein research applications. Growing adoption of molecular biology technique and technological advancement are the major factors driving the growth of the market. Moreover, increasing R&D expenditure and rise in the number of medical procedures and healthcare expenditure further enhance the overall market demand for protein labeling during the forecast period 2020-2025.
Key Takeaways
- In 2019, North America dominates the protein labeling market owing to advanced instruments and technologies and increasing healthcare expenditure.
- Growing adoption of molecular biology technique and technological advancement is driving the market growth of protein labeling.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the protein labeling market report.
- Lack of trained professionals and more time required to obtain an accurate label of protein are challenging the growth of the market.
Labeling Method - Segment Analysis
Based on the Labeling Method, Protein Labeling Market is segmented into In Vitro Labeling, In Vivo Labeling, Bioorthogonal Labeling. The in vitro labeling segment is forecast to be the fastest-growing segment and is estimated to grow at a CAGR of 10.2% during the forecast period 2020-2025. This is mainly owing to wide availability and easy availability of reagents used in this method and less usage of the amount of reagents. Moreover, researchers can easily create protein conjugates by using the in-vitro method that are contributing to the growth of the protein labeling market.
Application - Segment Analysis
Based on the Application, Protein Labeling Market is segmented into Cell Based Assays, Fluorescence Microscopy, Mass Spectrometry, Immunological Techniques, Protein Microarray. In 2019, Fluorescence Microscopy held the largest share in the protein labeling market. Fluorescence microscopy is attached chemically to aid in the detection of a biomolecule such as a protein, antibody, or amino acid. Moreover, it is used in many applications including immunochemistry, cell tracing, and many more that are contributing to the growth of the protein labeling market.
Geography - Segment Analysis
North America dominated the protein labeling market share accounting for 42% of the market in 2019. This is mainly owing to advanced instruments and technologies and increasing healthcare expenditure. According to U.S. Environmental Protection Agency, vitro labeling method has been approved in 2018 for the protein labeling that is used for observing biological processes.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is owing to the growth in healthcare infrastructure and increase in R&D expenditure.
Drivers – Protein Labeling Market
- Growing Adoption of Molecular Biology Technique
Growing adoption of molecular biology technique such as next-generation sequencing and mass spectrometry are some factors driving the growth of protein labeling market. Moreover, increasing investment in R&D to reduce the complexity in protein labeling and rising adoption of bioengineering techniques are also set to increase the market growth.
- Technological Advancements
Technological Advancements in protein labeling and increasing healthcare expenditure are some factors driving the growth of the market. Moreover, technological evolution in the medical industry and launching new drug discovery and increasing proteomics research further contributing the growth of protein labeling market.
Challenges – Protein Labeling Market
Lack of trained professionals and more time required to obtain an accurate label of protein are challenging the growth of the market. Moreover, unavailability of proper healthcare infrastructure are further restraining its market growth during the forecast period 2020-2025.
Protein Labeling Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the protein labeling Market. Protein Labeling top 10 companies are Thermo Fisher Scientific, Inc., Merck KGaA , PerkinElmer, Inc., General Electric Company, F. Hoffmann-La Roche AG, New England Biolabs, Kaneka Corporation, Promega Corporation , LI-COR, Inc., and SeraCare Life Sciences, Inc.
Acquisitions/Product Launches
- On 26 May 2020, ThermoFisher Scientific Inc. has collaboration with Biognosys for the development of protein quantitation mass spectrometry work flows. This collaboration has developed a workflow for accurate and flexible label protein.
- On 28 November 2018, New England Biolabs Inc. has acquisition with Covalys Biosciences for the development of protein labeling technologies.
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