Research-grade proteins refer to proteins that are produced and purified to a high standard of quality and purity for use in scientific research. These proteins are utilized in various experimental and analytical applications, including studies in molecular biology, biochemistry, cell biology, and drug development. They are essential tools for understanding protein function, interaction, structure, and for developing new therapeutic approaches.
Sizing and Forecast
The research-grade proteins market size has grown exponentially in recent years. It will grow from $0.91 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to increasing research activities, increase in R&D activities in pharmaceutical and biotechnology industries, rising demand for personalized medicine, rising investments from the government and various academic institutes, and strategic acquisitions and collaborations.
The research-grade proteins market size is expected to see exponential growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to advancements in proteomics research, growing number of clinical trials, integration of AI and data analytics, use of research-grade proteins in industrial applications and rising demand for advanced research tools. Major trends in the forecast period include growing awareness of innovative technologies, technological advancements in the biotechnology industry, advancements in proteomics and genomics, expanding applications in drug development and advanced research tools in the fields of biotechnology and pharmaceuticals.
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Segmentation & Regional Insights
The research-grade proteins market covered in this report is segmented –
1) By Product: Cytokines And Growth Factors, Antibodies, Immune Checkpoint Proteins, Virus Antigens, Enzymes, Recombinant Regulatory Proteins, Hormones, Other Products
2) By Host Cell: Mammalian Cells, Bacterial Cells, Fungi And Yeast, Insect Cells, Other Host Cells
3) By End-Use: Pharmaceutical And Biotechnology Companies, Academic And Research Institute, Other End-Uses
North America was the largest region in the research-grade proteins market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the research-grade proteins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing number of clinical trials is expected to propel the growth of the research-grade proteins market. Clinical trials refer to research studies investigating the safety and effectiveness of new medical treatments, interventions, or devices in humans. The number of clinical trials is rising due to medical research advancements, disease burden, regulatory changes, patient demand, and industry investment. Research-grade proteins help in clinical trials by serving as essential tools for biomarker development, assay development, drug target identification, quality control, and reference standards, ensuring the accuracy and reliability of experimental data. For instance, according to ClinicalTrials.gov, a US-based clinical trial registry, by the end of 2023, 477,234 clinical trials were registered globally on ClinicalTrials.gov, an increase compared to 437,512 registered clinical trials in 2022. Therefore, the growing number of clinical trials is driving the growth of the research-grade proteins market.
Key Industry Players
Major companies operating in the research-grade proteins market are Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Bio-Techne, Stemcell Technologies Inc., Miltenyi Biotec, GenScript Biotech Corporation, Sino Biological Inc., ACROBiosystems, OriGene Technologies Inc., RayBiotech Inc., Rockland Immunochemicals Inc., Proteintech Group Inc., Novus Biologicals LLC, Active Motif, Aviva Systems Biology Corporation, StressMarq Biosciences Inc., Abnova Corporation, AnaSpec, Biomatik, Prospec-Tany Technogene Ltd., Cusabio Technology LLC, United States Biological, Laurus Bio, Boster Biological Technology, AMS Biotechnology Europe Ltd (AMSBIO)
The research-grade proteins market report table of contents includes:
1. Executive Summary
2. Research-Grade Proteins Market Characteristics
3. Research-Grade Proteins Market Trends And Strategies
4. Research-Grade Proteins Market – Macro Economic Scenario
5. Global Research-Grade Proteins Market Size and Growth
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32. Global Research-Grade Proteins Market Competitive Benchmarking
33. Global Research-Grade Proteins Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Research-Grade Proteins Market
35. Research-Grade Proteins Market Future Outlook and Potential Analysis
36. Appendix
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