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Protein Crystallization And Crystallography Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
protein crystallization and crystallography market was USD 1294.1 million in 2020 and is estimated to grow at over USD 2686.2 million by the end of 2030, registering a CAGR of 8.50%
Proteins are natural macromolecules that are composed of a long chain of amino acids. Crystallography and protein crystallization is the process of formation of small protein crystals which is extensively used for scientific and manufacturing purposes such that in X-Ray Crystallography. Proteins normally function in aqueous environments and hence this process is generally carried out in the water. Crystallography includes protein purification, protein crystallization, protein crystal mounting, and protein crystallography. It is used by researchers during drug discovery and development, in protein engineering, drug designing, and other applications. The main goal behind protein crystallization and crystallography is to develop well-ordered protein crystals that overcome the inherent fragility of protein molecules. The purity of proteins, the concentration of proteins, pH, additives, and precipitation and temperature of the medium are some factors that influence the process of protein crystallization and crystallography.
protein crystallization and crystallography market is expected to project a CAGR of 8.50% during the forecast period, 2020-2030
The growth in this market is because of the increasing adoption of technological advancements in protein crystallization instruments and consumables, protein therapeutics, and the increasing focus on miniaturization.
Based on technology
the market is divided into protein crystallization, protein purification, protein crystal mounting, and protein crystallography. Ion-exchange chromatography, high-performance liquid chromatography, x-ray crystallography, gel-electrophoresis, and nuclear magnetic resonance are some of the subcategories of protein purification.
Based on the product
the market is classified into instruments, consumables, services, and software. The largest share of the protein crystallization and crystallography market in 2019 was in the consumables segment due to a large number of reagent kits and microplates used in proteomics research.
By End-User
the market can be divided into pharmaceuticals, biotechnology companies, governmental institutions, and academic institutions. The pharmaceutical companies segment accounted for the largest share of the protein crystallization and crystallography market in 2019 because of the increasing demand for protein-based drugs.
New technological advancements and increased demand will drive the market growth
New technological advancements around the globe such as X-ray-free electron lasers in protein crystallization and crystallography market with increasing government and private sector funding stimulate the growth of the market. In addition, the growing demand for high-resolution information on protein structure and increasing research and development activities in pharmaceutical and biotechnological areas also drives market growth. The increasing adoption of protein therapeutics, technological advancement, and the increased focus on miniaturization are some of the other factors affecting the market.
Lack of skilled researchers and high costs to decline the market growth
Lack of skilled and qualified researchers, high costs, time-consuming methods, and economic changes are some of the major factors affecting the growth of the global protein crystallization market. Furthermore, the protein crystallization method is confined to specific types of protein only that hinder the growth of this sector.
North America has the largest market for protein crystallization followed by Europe, due to rising investments from the government and private sectors, technological advancements in the country, and increasing research activities in the region. The APAC region is expected to grow at a significant rate in the next five years due to the rise in acceptance of protein crystallization in developing economies like India and China.
Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Protein Crystallization and Crystallography Market size was estimated at USD 1294.1 million in 2020 and is expected to reach USD 2686.2 million by 2030
Rigaku Corporation, Hampton Research, Jena Bioscience GmbH, Bruker Corporation, MīTeGen LLC, Molecular Dimensions, Thermo Fisher Scientific Inc, Danaher, General Electric
Based on technology, and Based on the productare anticipated to hold the Protein Crystallization and Crystallography Market
Drivers New technological advancements and increased demand will drive the market growth
Proteins are natural macromolecules that are composed of a long chain of amino acids. Crystallography and protein crystallization is the process of formation of small protein crystals which is extensively used for scientific and manufacturing purposes such that in X-Ray Crystallography.
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