Increasing demand for protein therapeutics and rising investment to accelerate proteomics research are key factors driving revenue growth of the market
Market Size – USD 1.10 Billion in 2020, Market Growth – at a CAGR of 9.2%, Market Trends – Rapid technological advancements in protein crystallography
The global protein crystallization & crystallography market size is expected to reach USD 2.23 Billion in 2028 at a CAGR of 9.2%, according to the latest report by Reports and Data. Increasing demand for protein-based drugs, rapid advancements in proteomics research, and advancements in protein crystallography techniques are key factors expected to drive market revenue growth over the forecast period. Increasing application of crystallization to elucidate membrane protein structure and increasing use of protein crystallization technique in various sectors such as chemicals, biotechnology, and pharmaceuticals is expected to further drive revenue growth of the market over the forecast period.
Protein crystallization refers to the process of forming regular array of individual protein molecules into organized structures called crystals. Protein crystallization depends on solution that is supersaturated in the macromolecule but demonstrates conditions that do not disrupt its natural form. Protein crystals are generated for scientific and industrial purposes and are used to understand protein structure and interactions. Protein crystallization is considered a powerful tool for protein purification and to demonstrate chemical purity. This is expected to further boost adoption of protein crystallography techniques for understanding protein function and studying internal workings of a living cell. This is expected to further drive market revenue growth over the forecast period.
Leading companies operating in the market and profiled in the report include: Rigaku Corporation, Hampton Research, Jena Bioscience GmbH, Bruker Corporation, Molecular Dimensions Ltd., Formulatrix, Inc., MiTeGen LLC, Biogenuix, Arinax Scientific Instrumentation, and HiMedia Laboratories, among others.
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The pharma & healthcare sectors has been rapidly growing over the last few decades. Technological advancements in healthcare sector, emergence of various diseases, COVID-19 outbreak are key factors boosting global market revenue growth. The global protein crystallization & crystallography market is expected to reach USD XX Billion in 2028 from USD XX Billion in 2020 at a CAGR of XX%. Growing need to develop new drugs and medical devices to cater to emerging diseases, high investments in research and development activities, and improvements in healthcare infrastructure and facilities is expected to fuel global market growth over the forecast period. In addition, adoption of AI in various healthcare application, funding from various private and public organizations to boost research activities in pharmaceutical and biotechnology sector and vaccine production during the current pandemic situation is also expected to boost market growth.
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Dominant key players in the market are adopting various strategies like mergers and acquisition, partnerships, collaborations, joint ventures and product launches to gain a robust footing in the market. Growing demand for various medical products, increasing adoption of home-care settings, point-of-care diagnosis, high demand for vaccines and medication for controlling COVID-19 is expected to benefit the key companies throughout the forecast period.
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Global protein crystallization & crystallography Market Segmentation:
Technology Outlook (Revenue, USD Billion; 2018-2028)
- X-ray Crystallography
- Nuclear Magnetic Resonance (NMR)
Product and Service Outlook (Revenue, USD Billion; 2018-2028)
- 96 well-plates
- 48-well plates
- 24-well plates
- Crystal Mounts and Loops
- Reagents Kits/Screens
- Other Consumables
- Liquid Handling Instruments
- Crystal Imaging Instruments
- Liquid Handling Instruments
- Software & Services
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceutical Companies
- Biotechnology Companies
- Government Institutes
- Academic Institutes
The global protein crystallization & crystallography market is broadly divided into 5 major regions, viz. North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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