Hyderabad, India — 03/14/2018 — Proteins are most significant and most important biomolecules in a living organism, as they're very important for the functioning of that organism. Therefore, additional importance is given to analyzing the protein binding mechanism through specialized fields of studies, corresponding to proteomics and protein chemistry. Most of those techniques specialize in giving the flexibility to specifically tag proteins by creating genetic fusions, and thereby, imparting distinctive properties for selective protein visualization, manipulation, and entrapment within complex biochemical environments.
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The global Protein Labelling market is estimated to have a value of USD 1.22 billion in 2016. With a CAGR of 12.2%, the market size is expected to grow rapidly to cross USD 2.17 billion by 2022.
The market growth apart from rising proteomics research can be attributed to the rising R&D spending and increase in healthcare expenditure due to rising disposable incomes in developing countries.
The biggest share of revenue in 2016 of the protein labelling market is accounted by the reagents segment. The very large share of the segment in the market is attributed due to the presence of high demand for labelling of peptides, and development of novel reagents that have chemo selective capabilities & organic compound cross-linking skills. Application of protein labelling in immunologic techniques was ascertained to be accountable for generation of the biggest share of revenue in 2016.
Moreover, with the rise in the prevalence of chronic diseases corresponding to cancer, the requirement for prevention, diagnosis, and treatment of such diseases is on the increase. Consequently, the demand for such techniques is anticipated to increase. As an alternative, lack of consummate professionals, restricted applications of protein labelling products in conjunction with soaring prices of reagents, kits, and different labelling services are the key factors that would impede the market growth.
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As of now, North America contributed the biggest share in the revenue of the market by accounting almost 45% of total revenue generated owing to the presence of a very large installed base of genetic and proteomic profiling platforms across the region.
The major market contributors for the global Protein Labelling market are Thermo Fisher Scientific Inc., General Electric Healthcare Life Science, PerkinElmer Inc, Merck Millipore, Promega Corporation, LI-COR Inc., F. Hoffmann-La Roche AG, New England Biolabs, Eurogentec S.A., Kirkegaard & Perry Laboratories (KPL).
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