Protein Labeling Market Report
The Global Protein Labeling Market report is segmented by Product (Reagents [Proteins, Enzymes, Probes/Tags, Monoclonal antibodies, Other reagents], Kits, Services), By Application (Cell-based Assays, Fluorescence Microscopy, Immunological Techniques, Protein Microarray, Mass Spectrometry), By Labeling Method (In-vitro Labeling Methods [Enzymatic labeling, Dye-based labeling, Co-translational labeling, Site-specific labeling, Nanoparticle labeling, Others], In-vivo Labeling Methods [Photoreactive labeling, Radioactive labeling, Others]) and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global protein labeling market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Protein Labeling Market report is segmented by Product (Reagents [Proteins, Enzymes, Probes/Tags, Monoclonal antibodies, Other reagents], Kits, Services), By Application (Cell-based Assays, Fluorescence Microscopy, Immunological Techniques, Protein Microarray, Mass Spectrometry), By Labeling Method...
The Global Protein Labeling Market is projected to grow from USD 1.93 billion in 2020 to USD 3.11 billion by 2026 at a CAGR of over 8.3% during the forecast period.
Figure: Global Protein Labeling Market Size, 2020-2026 (USD Billion)
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Protein is the largest and one of the most vital biomolecules in a living being, as they are essential to the proper functioning of an organism. Protein labeling is done using labelling reagents and kits to label a protein or antibody to make a fluorescent probe, biotinylated binding reagent, enzyme conjugate, and iodine-labeled tracer for identifying proteins in cells, tissues, and biochemical assays.
Key players operating in the global protein labeling market are-
Rising spending in R&D for proteomics research enables to support protein analysis, thus boosts the demand for protein labelling techniques.
By product, the global protein labeling market has been bifurcated into reagents, kits, and services.
By region, the North American market witnessed the highest market share of around 47% in 2020 and is estimated to register at a considerable CAGR during the review period.
This is mainly attributed to the rising number of R&D employing immunological techniques, western blotting, fluorescence microscopy, and cell-based assays have augmented considerably in this region, thereby accelerating the regional growth.
The ongoing COVID-19 virus has had a positive impact on the protein labeling industry. Biopharmaceutical companies are at the forefront of the human response to the COVID-19 pandemic. A substantial number of key biotech firms are in the race to examine the Sars-Cov-2 genome and create a possible vaccine for the same. With multiple candidates currently in trial, the private and public sectors are expected to work in harmony during the pandemic period, until an effective vaccine is developed for Covid-19, which boosts the protein labelling market.
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Here is the list of the group of customers that the Protein Labeling market hopes to have the greatest opportunity to convert-
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The protein labeling market is expected to witness an impressive growth of 8.3 CAGR in the foreseeable future.
Thermo Fisher Scientific, Inc. (The U.S), Merck KGaA (Germany), Perkin Elmer, Inc. (The U.S), Promega Corporation (The U.S), F. Hoffmann-La Roche Ltd. (Switzerland), LGC Limited (UK), New England Biolabs (The U.S), LI-COR, Inc. (The U.S), GE Healthcare (The U.S) and Jena Bioscience GmbH (Germany) are among the key players in the protein labeling market.
The protein labeling market is expected to reach USD 3.11 billion in the coming years.
North America witnessed highest share in the protein labeling market in 2020.
The reagents segment garnered the highest share in the protein labeling market in 2020.
Rising spending in R&D for proteomics research, growing implementation of modern molecular biology as well as bioengineering tools are the factors driving the growth of protein labeling market.
Protein labeling companies, Protein labeling vendors, Hospitals, R&D centers, Laboratories are the target audience in the protein labeling market.