Protein Stability Analysis market is expected to foresee significant growth. Asia-Pacific to lead the growth!
- Vikas Kumar
- January 4, 2022
- HEALTHCARE, NEWS
- Protein Stability Analysis market growth, Protein Stability Analysis market news, Protein Stability Analysis market Share, Protein Stability Analysis market Size, Protein Stability Analysis market trend
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Protein Stability Analysis Market is expected to grow at a CAGR of around 10% during the forecast period 2021-2027. The market stood at around US$1.5 billion in 2020. The stability of proteins is crucial in many in vitro protein studies and is considered a major requirement in functional studies involving native and recombinant proteins. Thus, understanding protein stability and preserving the native conformation and normal functions of the protein can be very helpful when working with the protein of interest. Furthermore, pharma and biopharmaceutical companies, needs to provide evidence of the stability and quality of drug substance or drug product under a variety of conditions. ICH, European Medicines Agency (EMA), WHO and US Food Drug Administration (FDA) guidelines require the monitoring of shelf-life by performing stability studies on all drug substances and drug products. Thus, with an increase in government funding, research institutes are involved heavily in discovering new diseases and therapies and therefore helping this market to grow.
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According to the Centers for Disease Control and Prevention (CDC), around 85% of older adults have at least one chronic health condition, and 60% have at least two chronic conditions in the U.S. Age brings a higher risk of chronic diseases such as dimentias, heart disease, type 2 diabetes, arthritis, and cancer. Alzheimer’s disease and other dementias are most common in adults 60 and older, and the risk increases with age. In 2019, health care and long-term care costs associated with Alzheimer’s and other dementias were $290 billion, making them some of the costliest conditions to society. Therefore, various drug manufacturers and research institutes are continuously working on developing new drugs for the treatment of these chronic diseases. Protein stability predictions are becoming essential in medicine to develop novel immunotherapeutic agents and for drug discovery for chronic diseases such Alzheimer disease and dementia, cancer, and diabetes.
In addition, the COVID-19 outbreak spread to almost every country, due to which the number of infected patients inflated, which strained countries’ healthcare ecosystem and resources. This is mainly on account of the intensifying demand for healthcare facilities, workers, medical equipment, devices, drugs, and research studies. Due to this pandemic, the pharmaceutical industry witnessed an unprecedented demand for the research and development of drugs and therapies at a large scale. Thus, major players in the industry positioned themselves uniquely to help their clients in pharmaceutical and biotech industry to develop and eventually produce COVID-19 related vaccines and therapies. Thus, maintaining the steady growth in the Protein Stability Analysis Market.
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Based on Product, the Protein Stability Analysis Market is segmented into reagents and assay kits, instruments, consumables and accessories, and software. In 2020, reagents and assay kits category dominated the market and is expected to maintain its dominance throughout the forecast period. Based on End-User, the market is bifurcated into Pharmaceutical and Biotechnological Companies, Contract Research Organizations, and Academic and Government Institutes. Pharmaceutical and biotechnological companies category dominates the global protein stability analysis market and is also expected to witness to fastest growth during the forecast period.
Based on Technique, the market is bifurcated into Chromatography, Spectroscopy, Surface Plasma Resonance Imaging (SPRI), Differential Scanning Calorimetry (DSC), Differential Scanning Fluorimetry (DSF), Others. Among these, Chromatography technique accounted for the major share in the global protein stability analysis. Chromatography technique has been widely used in the characterization and analysis of protein therapeutic drugs and currently it plays a pivotal role in the biotechnology laboratory with providing new products and technologies to combat debilitating and rare diseases. Furthermore, these companies are often at the forefront of developing new methods and techniques as they look for cost-effective drug pipelines. Thus, generating demand for protein stability analysis during the forecast period.
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For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. North America will dominate the market on account of the rising research and development initiatives, prospects in proteomics, increasing incidents of chronic diseases, neurological diseases, and increasing government initiatives. In addition, increasing presence of major biotech companies in the region coupled with their increasing focus on the research and development of new drugs and rising academic and government investments in diagnostic research, is further expected to propel the market growth.
Protein Stability Analysis Market Segmentation
Market Insight, by Product
- Reagents and Assay Kits
- Consumables and Accessories
Market Insight, by Technique
- Surface Plasma Resonance Imaging (SPRI)
- Differential Scanning Calorimetry (DSC)
- Differential Scanning Fluorimetry (DSF)
Market Insight, by End-User
- Pharmaceutical and Biotechnological Companies
- Contract Research Organizations
- Academic and Government Institutes
Market Insight, by Region
- North America Protein Stability Analysis Market
- Rest of North America
- Europe Protein Stability Analysis Market
- Rest of Europe
- Asia-Pacific Protein Stability Analysis Market
- South Korea
- Rest of Asia-Pacific
- Rest of World Protein Stability Analysis Market
Top Company Profiles
- Thermo Fisher Scientific Inc.
- PerkinElmer Inc.
- Agilent Technologies Inc.
- KEP TECHNOLOGIES SA (SETARAM)
- Waters Corporation
- Shimadzu Corporation
- Enzo Biochem Inc.
- GE Healthcare
- HORIBA Ltd.
- Spectris PLC