Protein Assay is an analytical technique used for measuring the concentration of protein in a solution. Protein assays are one of the most extensively used procedures in life science studies. Although a wide range of protein assays are available in analytical science, each type of assay is unique in its own way and has its own merits and limitations, and hence a protein assay should be selected considering their suitability for the application. The various protein assay available in the market differ based on methodology, specificity, sensitivity, quantity, and reproducibility. Valuation of protein concentration is a very necessary step in protein purification, molecular biology, cell biology, electrophoresis and other research applications.
The protein assay market is anticipated to witness strong growth during the forecast period owing to growing pharmaceutical & biotechnology R&D and increase emphasis on proteomics research. The global protein assay market can be segmented based on type, product, technology, application, end user, and region. On the basis of type, the protein assays market can be segmented into dye binding protein assays (Bradford), copper ions based protein assays (Lowry), test strip based protein assay, and others. The dye binding protein assay is color-based assay in which the binding of protein molecules to the dye results in color shifts. The change in color density is proportional to protein concentration. On the basis of products the market can be segmented into reagents, kits, and instruments. On the basis of technology, the market is segmented into colorimetric protein assays, absorbance-based protein assays, and fluorescence-based protein assays. Based on application, the protein assays market is segmented into drug discovery & development, protein purification, disease diagnosis, and others. On the basis of end-users, the protein assay market can be segmented into pharmaceutical industry, biotechnology companies, hospitals, clinical laboratories, and academic research institutes.
The protein assay market is also expected to generate high demand due to the numerous applications it has in various stages of pre-clinical, clinical trial and later stages of drug development. Geographically, the protein assay market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is projected to hold the largest share of the global protein assay market due to presence of superior research and development base, strong regional economics, and greater emphasis on disease prevention and wellness by governments. The protein assay market in Europe is expected to witness rapid growth driven by high investment in various private and government funded research and development programs in the region and increased spending on pharmaceutical and biotechnology industry development. The steep rise in the demand for better and cost-effective methods for drug discovery and clinical trials, increased knowledge of pharmacogenomics and pharmacokinetics of drugs is inclining the clinicians towards protein assay market. Countries such as China, Japan, and India in Asia Pacific are also poised to be promising markets for protein assay market in the near future. Major factors for the positive outlook are extensive development of health care infrastructure and growing emphasis on research and development in the health care sector. However, low research and development (R&D) yields, high infrastructure cost, stringent regulatory framework, and lack of trained resources are some of the restraints of the protein assay market.
Key players in the global Protein Assay Market include Thermo Fisher Scientific, Bio-Rad Laboratories, Inc., Merck KGaA, Abcam plc, General Electric Company, Cell Signaling Technology, Inc., and PerkinElmer Inc.
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.