Latin America Protein Purification & Isolation Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Healthcare

The global Latin America Protein Purification & Isolation market size is expected to be worth around US$ 807.8 million by 2028, according to a new report by Vision Research Reports.

The global Latin America Protein Purification & Isolation market size was valued at US$ 419.3 million in 2020 and is anticipated to grow at a CAGR of 8.6% during forecast period 2021 to 2028.

Growth Factors

Rising R&D activities by pharmaceutical companies are expected to boost the demand for purification & isolation of proteins for preclinical drug development phase.

In addition, technology is advancing in line with the rising need for more accurate and rapid purification & isolation of proteins. For instance, ProteoSpin Inclusion Body Protein Isolation Micro and Maxi Kits rapidly isolates body proteins under 60 minutes. Thus, increasing use of rapid and robust kits is expected to fuel the market growth during the forecast period.

Furthermore, favorable government policies are anticipated to boost the market growth. The NAFTA renegotiation in Mexico is focusing on shaping regulatory frameworks and laws to facilitate international transfer of skills and capital. The NAFTA renegotiation and Trans-Pacific Partnership negotiations are expected to lead to the growth of the biotechnology market in this country.

Increase in academic institutes conducting research studies on protein purification is anticipated to boost the development of new ways to combat diseases, thereby fueling market growth. For instance, in November 2017, a study research was published in Protein Expression and Purification demonstrating purification of Andes virus glycoproteins Gn and Gcto. It was found that the protein can be useful in development of a vaccine against Andes virus.

Report Highlights

The consumables segment accounted for the largest revenue share of over 61% in 2020 due to the commercialization of novel purification resins & the exhaustive nature of such resins coupled with increasing use of kits, columns, reagents, and magnetic beads. For instance, Profinia consumables are the most widely used consumables. They contain the entire suite of purification and buffer kits. There are three types of kits—Profinia purification kits, Profinia starter kits, and Profinia buffer kits.

Presence of rapid and reproducible beads for isolation is anticipated to fuel the market growth. For instance, Merck KGaA manufactures PureProteome magnetic beads that can isolate proteins. These beads have advanced chemistry to combine with the high surface area & provide more binding sites for proteins. They also have the ability to get immobilized within seconds and deliver reliable results with minimal sample loss.

The instruments segment is expected to witness steady growth over the forecast period, owing to advancements, in terms of accuracy, sensitivity, and portability. Instruments, such as iBlot 2 Dry Blotting System, iBright Imaging Systems, and Profinia Protein Purification Instrument, are used for performing various types of protein purifications, such as chromatography, electrophoresis, and western blotting.

Based on technology, chromatography accounted for the largest revenue share of 28.28% in 2020 and is anticipated to maintain its dominance over the forecast period owing to its high sensitivity and accuracy for protein purification and isolation. Moreover, various companies are focusing on commercializing new products based on this technology and aim to increase their market shares.

In addition, various chromatography techniques include affinity chromatography, size exclusion chromatography, reversed-phase chromatography, ion exchange, and Hydrophobic Interaction Chromatography (HIC). Affinity chromatography dominated the chromatography market in 2020 and HIC is expected to be the fastest-growing technique during the forecast period.

Protein-protein interaction studies held the largest market share of 32.47% in 2020 owing to its vast usage in predicting the function of the target protein and drug abilities of molecules. Methods used for protein-protein interactions are Surface Plasmon Resonance (SPR), spectroscopic studies, co-immunoprecipitation, and confocal microscopy for intracellular colocalization of proteins.

Drug screening is estimated to register the fastest CAGR over the forecast period as it is widely highly used for discovering novel drugs with various applications. It includes the development of drugs with high efficacy than conventional drugs. Protein purification is widely used for pre-clinical drug development programs & early compound screening due to the fast identification of new drug molecules.

The academic and research institutes segment dominated the market in 2020 with a share of over 40%. The segment will grow further on account of the increasing number of research initiatives being undertaken in academic institutes and high number of studies being conducted pertaining to protein-protein interaction, structural & functional proteomics, and detailed kinetic analysis.

The hospital segment is anticipated to register the fastest growth rate of 9.8% over the forecast period due to the increasing use of protein purification for the detection of protein specimens in biological samples, such as whole blood, urine, serum, and plasma. Also, there are many hospitals, which play an important role in various drug screening studies.

Brazil accounted for the largest revenue share of 38.78% in 2020 . Increasing researches conducted to identify the medical properties of proteins using protein purification methods is one of the major factors that contributed to the dominance of the country. For instance, in July 2017, a study was published by Brazilian scientist to purify and characterize antiplatelet DC protein (BaltDC) from Bothrops alternatus venom. The protein was purified using gel filtration and ion-exchange chromatography. It was found that the protein showed a specific inhibitory effect on platelet aggregation induced by epinephrine and ristocetinin human Platelet-rich Plasma (PRP).

Key Players

  • Thermo Fisher Scientific, Inc.

  • Merck KGaA

  • Sigma-Aldrich Corp.

  • Bio-Rad Laboratories, Inc.

  • Agilent Technologies, Inc.

  • Promega Corp.

  • General Electric

  • Norgen Biotek Corp.

Market Segmentation

  • Product Outlook 

    • Instruments

    • Consumables

  • Technology Outlook

    • Ultrafiltration

    • Precipitation

    • Chromatography

    • Electrophoresis

    • Western Blotting

    • Others

  • Application Outlook 

    • Drug Screening

    • Biomarker Discovery

    • Protein-protein Interaction Studies

    • Diagnostics

  • End-use Outlook 

    • Academic and Research Institutes

    • Hospitals

    • Pharmaceutical and Biotechnological Companies

    • CROs

  • Regional Outlook 

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

      • Peru

      • Chile

The Latin America Protein Purification & Isolation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Latin America Protein Purification & Isolation market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Latin America Protein Purification & Isolation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Latin America Protein Purification & Isolation market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Latin America Protein Purification & Isolation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Latin America Protein Purification & Isolation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Latin America Protein Purification & Isolation by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Latin America Protein Purification & Isolation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Latin America Protein Purification & Isolation market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Latin America Protein Purification & Isolation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Latin America Protein Purification & Isolation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Latin America Protein Purification & Isolation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Latin America Protein Purification & Isolation market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Latin America Protein Purification & Isolation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Latin America Protein Purification & Isolation market. These factors have benefited the growth of the global market for Latin America Protein Purification & Isolation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Latin America Protein Purification & Isolation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Latin America Protein Purification & Isolation are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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