Protein Crystallization Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Protein Crystallization Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : March, 2023 | Biotechnology

Report Digest

Protein Crystallization Market – Overview

The growth in the protein crystallization market has been growing rapidly because of a lot of factors. One of the prominent growth factors includes the rising adoption of protein therapeutics. Along with this, the growing concentration on miniaturization and technological advancements in protein crystallization consumables and instruments are also predicted to drive growth impetuses in the global market during the forecast period.

On the flip side, the comparatively high cost of the industry instruments has been expected to curtail the growth opportunities in the global market in the foreseeable years.

The consumables vertical is likely to hold the largest share in the market because of the increasing number of reagent microplates and kits in proteomics research. This market segment has been further segmented into crystal mounts and loops, microplates, reagents kits/screens, and other consumables.

Protein Crystallization Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

protein crystallization market

Protein Crystallization Market – Key Drivers

Growing technological advancements and rising demand for high-resolution information on the structure of the protein are also driving growth avenues in the global market. In addition to this, rising government, as well as private sector funding and the launching of novel industry products, are also expected to create novel growth opportunities in the protein crystallization market in the near future. The rising number of R & D activities in the biotechnological and pharmaceutical areas has also been bringing expansion opportunities in the global market.

On the flip side, a lack of experienced and qualified researchers has been predicted to curtail growth opportunities in the global market. Furthermore, the economic downturn and high cost of these industry services are also anticipated to hamper growth impetuses in the market in the coming years. The process undertaken through the market services is generally time-consuming and the lack of standard protocol in the industry is also restricting the market growth.

Protein Crystallization Market – Recent Developments and Key Players

The protein crystallization market has been marked due to the presence of prominent players that are serving in regional as well as global areas. Their presence in the market is making the industry nature fragmented. Furthermore, these players are also taking into consideration certain novel growth strategies in order to achieve their pre-defined goals. Along with these factors, the rising penetration of the international market players and increasing awareness among consumers related to the industry brands are also driving new growth opportunities in the market. Novel product launches, mergers or tie-ups, product portfolio expansion, and the rising count of the R & D activities in enhancing the company portfolio are some strategies that are also adopted by these key market players to generate lucrative opportunities in the coming years.

For instance, Calibre (US) has acquired NeXtal Biotechnologies in 2020 in order to strengthen its portfolio of structural biology solutions.

Some of the prominent players in the protein crystallization market are:

  • Rigaku Corporation
  • Bruker Corporation
  • Jena Bioscience GmbH
  • Hampton Research

Protein Crystallization Market – Regional Assessment

The protein crystallization market has been serving in various regions across the world. The prominent regions in the market include APAC, the Middle East & Africa, Latin America, Europe, and North America. North America has been projected to hold a noticeable share in the global market in the foreseeable years. The market share in the global industry has been attributed to the increasing investments by the market players to develop structure-based drug designs. Along with this, the increasing concentration of the stakeholders on R & D activities and growing government and academic investments in the proteomics and genomics research are also contributing to the market growth throughout the forecast period. Thus, on the basis of these factors, the global market has been predicted to grow at a noticeable speed in the near future.

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  • How has COVID-19 affected the market?
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  • What are the major threats that will dent the growth prospects of the market?