Protein Assay Market Size, Share, Development, Growth and Demand Forecast to 2023

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The global protein assay market is segmented on the basis of product, type, technology, application, end user and geography. Based on product, the global market is segmented into reagents, kits, and instruments and accessories. The reagents are expected to contribute the largest share in the global protein assay market.
On the basis of type, the global protein assay market is divided into dye binding assays, copper-ion-based assays, test strip-based assays, and other assays. The dye-binding assays held the largest share of the global market in 2016, mainly attributable to the rising utilization of dye-binding assays for diagnosing various diseases.
 The rising investment in pharmaceutical and biotechnology R&D, favorable government policies for proteomics research, and the presence of a large number of players in the global protein assay market are the key factors driving the growth of the market during the forecast period. According to a publication by Pharmaceuticals Research and Manufacturers of America (PhRMA), the member organizations (pharmaceutical companies) of PhRMA spent approximately $58.8 billion on R&D, accounting for the largest part of all the biopharmaceutical R&D spending in the U.S, in 2015. However, high cost of multiplex assay hardware is limiting the growth of global protein assay market.

Some of the other key players operating in the global market are ThermoFisher Scientific, Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Promega Corporation, GE Healthcare, Merck KGaA, Cell Signalling Technology, Inc., Abcam PLC, Lonza Group, BioVision Inc., Bio-Techne Corporation (Novus Biologicals) and G-Biosciences Inc.

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