Protein Crystallization Market: Current Analysis and Forecast (2022-2028)

Report Description

The global protein crystallization market is expected to grow at a significant rate of around 8% during the forecast period. 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.

Rigaku Corporation, Hampton Research Corp, HiMedia Laboratories, Bruker, Thermo Fisher Scientific, Jena Bioscience GmbH, Agilent Technologies Inc., Charles River Laboratories, Molecular Dimensions, and Formulatrix are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Type, Reagent kits category to witness higher CAGR during the forecast period”

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.

“Amongst Technology, life sciences segment to hold a higher CAGR 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.

“Amongst End-User, life sciences segment to hold a higher CAGR during the forecast period”

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.

“Asia Pacific to witness the fastest growth in the market”

For a better understanding of the market adoption of the protein crystallization industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of 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.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Protein Crystallization market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Protein Crystallization Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global protein crystallization market were the three major steps undertaken to create and analyze the adoption of protein crystallization in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global protein crystallization market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the protein crystallization market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the protein crystallization market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, technology, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the protein crystallization market. Further, we conducted factor analysis using dependent and independent variables such as the type, technology, and end-user of protein crystallization. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the protein crystallization market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global protein crystallization market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the protein crystallization market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global protein crystallization market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global protein crystallization market. Data was split into several segments & sub-segments post studying various parameters and trends in the type, technology, and end-user in the global protein crystallization market.

The main objective of the Global Protein Crystallization Market Study

The current & future market trends of the global protein crystallization market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the protein crystallization market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the type, technology, and end-user.
• Define and analysis of the regulatory framework for the protein crystallization industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the protein crystallization market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the protein crystallization market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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