Global Protein Assays Market to Reach $2.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Protein Assays estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. Dye-Binding Assays, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Copper-Ion-Based Assays segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $454.2 Million, While China is Forecast to Grow at 9.1% CAGR
The Protein Assays market in the U.S. is estimated at US$454.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$506.2 Million by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.
Test Strip-Based Assays Segment to Record 9.5% CAGR
In the global Test Strip-Based Assays segment, USA, Canada, Japan, China and Europe will drive the 9.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$362.5 Million in the year 2020 will reach a projected size of US$687.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$338.9 Million by the year 2027.
Select Competitors (Total 56 Featured):
Amid the COVID-19 crisis, the global market for Protein Assays estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. Dye-Binding Assays, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Copper-Ion-Based Assays segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $454.2 Million, While China is Forecast to Grow at 9.1% CAGR
The Protein Assays market in the U.S. is estimated at US$454.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$506.2 Million by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.
Test Strip-Based Assays Segment to Record 9.5% CAGR
In the global Test Strip-Based Assays segment, USA, Canada, Japan, China and Europe will drive the 9.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$362.5 Million in the year 2020 will reach a projected size of US$687.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$338.9 Million by the year 2027.
Select Competitors (Total 56 Featured):
- Abcam PLC
- Bio-Rad Laboratories, Inc.
- Biovision Inc.
- Cell Signaling Technology, Inc.
- GE Healthcare Life Sciences
- Geno Technology Inc.
- Lonza Group AG
- Merck KgaA
- Novus Biologicals LLC
- PerkinElmer, Inc.
- Promega Corporation
- Thermo Fisher Scientific, Inc.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Overview of Protein Assays Market
- Impact of Covid-19 and a Looming Global Recession
3. MARKET TRENDS & DRIVERS
- Increase in R&D Initiatives by Public and Private Companies is anticipated to Bolster Market Demand
- Encouraging initiatives in Proteomics Research is Fuelling Worldwide Protein Assay Market
- Rise in Biotech and Pharmaceutical R&D Expenditure Augurs Well for Market Growth
- Exhibit 1: Global Pharmaceutical Industry: Breakdown of Total R&D Spend in USD Billion for years 2018, 2019, 2020, 2021, 2022
- Increase in Cancer Prevalence: An Opportunity Indicator for Protein Assays Market
- Increase in Technological Advancements to Fuel Growth in Protein Assay Market
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- REST OF EUROPE
- ASIA-PACIFIC
- REST OF WORLD
- Total Companies Profiled: 56
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