Protein A Resin Market: Overview
The protein A resin market is predicted to rise at a notable pace in the forthcoming years, with growing research in monoclonal antibodies being a primary factor. Surging burden of chronic diseases is gathering interest of researchers for further studies of monoclonal antibodies.
Besides this, rising investment for protein-based research wherein pharma companies are offering next-generation protein A resins is fuelling the protein A resin market. Interest of scientists and researchers in synthetic biology, and emphasis of the biopharmaceutical industry for use of protein-engineered products to develop protein-based drugs are some other key factors paving the growth of protein A resin market.
The study offers a comprehensive analysis of the protein A resin market bringing to fore valuable insights that can help stakeholders identify opportunities and challenges. The report tracks the protein A resin market across key regions, and includes in-depth assessment and accurate quantitative insights.
Protein A Resin Market: Competitive Landscape
The protein A resin market features a consolidated vendor landscape due to the presence of a few giant pharmaceutical companies. Players in the protein A resin market are focused on collaboration and partnerships for the development of next-generation protein A resins. The agreement of Repligen Corporation with Purolite Corporation in 2018 is a case in point. As per the agreement, NGL- Impact A – the next-generation protein A ligand of the former will be commercialized by the latter using its new Praesto agarose jetting based bead technology.
Some top-notch companies operating in the protein A resin market are GE Healthcare, Thermo Fisher Scientific Inc., Tosoh Corporation, Repligen Corporation, Merck KGaA, Purolite Corporation, and Novasep Holding SAS.
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Protein A Resin Market: Key Trends
Increasing investments for protein-based research is one of the key factors driving the protein A resin market. E A number of private as well as public organizations are funding protein-based research programs for improved therapeutics of diseases. For example, the National Institute of Health, invests almost US$32.3 million each year in medical research by offering grants for projects and programs in life sciences and medical fields.
Rising interest of researchers in synthetic biology fuels the protein A resin market. Initiatives of researchers to develop novel machine for generating synthetic proteins is a plus for the growth of the market. For example, MIT chemists have created tabletop automated flow synthesis machine that dramatically reduces the time taken for generating synthetic proteins.
Increasing prevalence of chronic diseases resulting in demand for novel therapeutics for disease management bodes well for protein A resin market. According to data of the United Nations Population Fund, individuals of 60 years and above comprise 12.3% of the world population, which is projected to increase to nearly 22% by 2050. High prevalence of chronic diseases among individuals of 60 years and above puts forth demand for novel therapeutics for these diseases. This indirectly benefits protein A resin market.
Of the two key source of protein A resin, recombinant source is anticipated to expand at a faster growth rate in the forthcoming years. This is mainly because of use of protein A resins in large quantity in the downstream processing of monoclonal antibodies.
Protein A Resin Market: Regional Assessment
Powered by the U.S., North America accounts for more than 70% revenue share in the protein A resin market. Established biotechnological and pharmaceutical industries, presence of key players, and rising government funding are key factors that makes the region at the forefront.
On the other hand, Asia Pacific is expected to display a notable growth rate in the upcoming years. Increasing R&D investments in biopharmaceutical companies, improving pharmaceutical industry sector, and home to some of the fastest-growing emerging economies such as India are key factors behind notable growth of protein A resin market in the region.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.