Protein assay is one of the commonly used fundamental technique of protein quantification used for life science research. There are various assay available in the market differing according to its sensitivity, principle, and methodology depending upon the factors such as sample size, amount, interfering agents and reproducibility. Protein assay, unlike nucleic acid, rely mostly on color change i.e. colorimetric assay and use of standard protein such as immunoglobulin G (IgG) or bovine serum albumin (BSA). Protein assay are widely used in diagnosis of diseases such as cancer, HIV. Use of assay make early diagnosis possible, which significantly reduce the morbidity and mortality of the disease. Diagnostic and prognostic assays help in early diagnosis, and are cost-effective, uncomplicated, and reproducible. Thus assay usage in disease diagnosis, drug discovery, and development encourages the biotechnology and biopharmaceutical industry to invest in research and development, which fuels the demand of protein assays market.

The report titled “Protein Assays Market - Growth, Future Prospects and Competitive Analysis, 2023–2030” offers strategic insights into the overall protein assays market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on type of assays, product, technology, application, and different geographies. The assays types studied for analyzing the overall global protein assays market are majorly segmented into dye-binding assays, copper-ion-based assays, test strip-based assays, and other protein assays. The global protein assays market is further segmented by product type into dye-binding assays, copper-ion-based assays, test strip-based assays, and other protein assays. By technology it segmented into absorbance-based protein assays, colorimetric protein assays and colorimetric protein assays. On basis of application it is further segmented as reagents, kits, and instruments & accessories.

Market size and forecast for these regional and country-level markets are presented in this study for the period 2020-2030. Market growth rates for the forecast period 2023-2030 are also included in this report, considering 2021 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global protein assays market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global protein assays market. This report concludes with company profiles section that highlights major information about the key players engaged in global protein assays market. In-depth competitive environment analysis and historical (2020) market size data are also provided in the report.

Based on the type of product, the global protein assays market is segmented as follows:

• Reagent
• Kits
• Instruments and Accessories

Among the type of product, reagent dominates the global protein assay market and it is also a fast-growing market. Reagent occupies maximum share due to large scale consumption of reagent during assay, in protein quantification. These days protein assay kit are available in the market that are easy to use and handle, showing high-precision result. Protein assay kit are more time-saving and enhance assay consistency, as it does not require filtration or dilution of the assay reagent. Due to advances in technologies novel instrument are available that are used in protein analysis and quantification, but though instrument considered as just one time investment.

Based on the type of assays, the global protein assays market is segmented as follows:

• Dye-Binding Assays
• Copper-Ion-Based Assays
• Test Strips-Based Assays
• Other Protein Assays

Now-days, researchers face problem while selecting protein assay from vast variety available in the market, that is the most compatible with the protein sample. It is important to select appropriate assay to determine the protein yield. The suitable assay is selected on the basis of factors such as sensitivity of the assay, sample size, protein- protein variations, speed and convenience, presence of non-protein agent. Usually two main types of assay i.e. copper chelation assay and dye binding assay that are commonly used in the laboratories. Among all types of assay, dye-binding assay dominates the global protein assays market. Dye binding Bradford assay is calorimetric assay used that is commonly used, which is compatible with most of the reagent, buffer and preparation. Additionally it is easy to use and proven to give speedy and more precise result.

Based on the type of application, the global protein assays market is segmented as follows:

• Drug Discovery
• Disease Diagnosis
• Other

Disease diagnose dominates the global protein assay application segment market followed by drug discovery. Disease diagnoses is also the fastest growing market with high adoption rate of protein assay in identifying and diagnosis at early stage due to novel diagnostic techniques penetrating the market. Rising prevalence of HIV, cancer, immunology-related disease is one of the factor propelling the demand of assay market. Protein assay play an important role in development of biotechnology in protein analysis and quantification, that further aid in drug development, clinical studies, research and development, process development and quality control.

Based on the type of technology, the global protein assays market is segmented as follows:

• Absorbance-Based Protein Assays
• Colorimetric Protein Assays
• Fluorescence-Based Protein Assays

Absorbance-Based Protein Assays and Fluorescence-Based Protein Assays are the commonly used protein quantification method. Absorbance-based method is commonly used in laboratories due to availability of spectrophotometer, as it provides efficient analytical performance, accurate result, enhanced sensitivity and easy to use. Thus absorbance-based protein assays occupies maximum share of the absorbance-based protein assays technology market segment. It can be performed in microplates for high number of sample numbers and having low volume of reagent. Fluorescence-Based Protein Assays is preferred when the protein sample is dilute.

At present, North America occupies the largest share of global protein assays market. Well established research and development infrastructure of biotechnology and pharmaceutical, vigorous studies and technology improvement in proteomics are key factor driving the growth of protein assay market. The key market players of the protein assay market are based in this region, thus giving additional advantage to growth of protein assay market. Asia Pacific is anticipated to be the fastest growing market in the forecast period, this due to improvement in R&D infrastructure, rising investment by the government in academic and institutional research in proteomics especially in emerging countries such as China, India.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Protein Assays market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Protein Assays market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Protein Assays market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Protein Assays market?
• Which is the largest regional market for Protein Assays market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Protein Assays market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Protein Assays market worldwide?