Number of pages: 100 | Report Format: PDF | Published date: May 19, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 2.20 billion |
Revenue Forecast in 2031 |
US$ 4.16 billion |
CAGR |
7.34% |
Base Year for Estimation |
2022 |
Forecast Period |
2023 to 2031 |
Historical Year |
2021 |
Segments Covered |
Product, Labeling Method, Application, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global protein labeling market was valued at US$ 2.20 billion in 2022 and is expected to register a revenue CAGR of 7.34% to reach US$ 4.16 billion by 2031.
Protein Labeling Market Fundamentals
Protein labeling refers to the process of attaching a specific label or tag to a protein molecule to study its behavior, localization, or interactions within a biological system. Protein labeling is widely used in various areas of biological research, including cell biology, biochemistry, and molecular biology. The protein labeling market has been experiencing steady growth in recent years, driven by the increasing demand for protein analysis tools and the expanding field of proteomics.
The research study on the protein labeling market overview thoroughly analyzes the market and the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion. The research also analyses how the COVID-19 pandemic has affected society.
This report is a valuable tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide in-depth Protein Labeling market forecasts to the industry stakeholders.
[85685]
Protein Labeling Market Dynamics
The global protein labeling market is driven by several factors contributing to its growth and adoption. Protein labeling methods are crucial to the study of proteins and genes on a wide scale in the fields of proteomics and genomics. The demand for protein labeling reagents and tools rises as proteomic and genomic research picks up steam, propelling market expansion. The procedures of drug discovery and development depend heavily on protein labeling. It allows researchers to study drug-protein interactions, gauge medication effectiveness, and comprehend target engagement.
The market for protein labeling is anticipated to rise in response to the rising demand for innovative treatments to aid in medication development. The demand for protein labeling technologies is driven by the growing emphasis on understanding the structure, function, and interactions of proteins in biological systems. To study protein dynamics, localization, and interactions, researchers need accurate and effective labeling techniques that drive the protein labeling market. The effectiveness, sensitivity, and specificity of protein labeling are continually improved by developments in labeling technology, including the creation of new labels, enhanced labeling chemistries, and high-throughput labeling techniques. These developments draw researchers and make protein labeling techniques more widely used, spurring market expansion. The availability of funding for life sciences research, both from public and private sources, plays a significant role in driving the protein labeling market. Increased funding allows researchers to invest in cutting-edge technologies and reagents, including protein labeling tools, accelerating market growth.
However, protein labeling technologies often involve using specialized reagents, enzymes, or labeled probes, which can be expensive. The high cost associated with protein labeling reagents and kits may limit their adoption, particularly for researchers or laboratories with limited budgets. Cost considerations can hinder the widespread use of protein labeling techniques and restrict the market growth.
Protein Labeling Market Ecosystem
Protein Labeling Market, by Product
Protein Labeling Market, by Labeling Method
Protein Labeling Market, by Application Method
Protein Labeling Market, by End User
Protein Labeling Market by Product
[96756]
The reagents segment accounts for the highest revenue share of 66% in the global protein labeling market. The estimated share of the reagents segment is responsible for an increase in the discovery of labeling agents and genetically modified labels. Additionally, the market's growth is influenced favorably by the commercial availability of effective reagents like no-stain protein labeling reagents, which permit precise and trustworthy protein visualization and normalization.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as product, labeling method, application, end user, and region. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential Protein Labeling market growth opportunities.
Protein Labeling Market by Region
North America dominated the protein labeling market with a share of around 42% in 2022. The higher revenue share can be attributed to the huge growth in research activity using immunological methods, fluorescence microscopy, western blotting, ELISA, and cell-based assays in this region. The region's revenue creation is also fueled by the widespread use of protein labeling techniques in studies linked to the identification of diseases. For instance, a study released in August 2019 by National Institutes of Health (U.S.) scientists showed how to use a bi-arsenical dye system to detect proteins fluorescently in various cellular sites.
Based on the regions, the global protein labeling market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding Protein Labeling market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Key Components of the Report
Protein Labeling Market Competitive Landscape
The market competitive landscape is performed by collecting and analyzing information about the key competitors, the present industry trends, and market dynamics. It includes information collection and analysis on factors such as products, pricing, geographic outreach, customer demographics, marketing strategies, and recent developments. Competitive landscape assessment will help businesses identify the current prevalent or potential opportunities and threats, keeping in mind the protein labeling industry trends.
Protein Labeling Market Strategic Developments
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
Protein labeling refers to the process of attaching a specific label or tag to a protein molecule to study its behavior, localization, or interactions within a biological system.
The market size of the global protein labeling market was valued at US$ 2.20 billion in 2022.
North America region is expected to have the largest protein labeling market size during the forecast period from 2023 to 2031.
The market size of the global protein labeling market is expected to reach US$ 4.16 billion by 2031.
The pharmaceutical and biotechnology industries rely on protein labeling for drug discovery, development, and production. Protein labeling is used to study protein-drug interactions, assess drug efficacy, and monitor protein expression levels. The increasing focus on biologics and targeted therapies create opportunities for protein labeling technologies to support these applications in the pharmaceutical and biotechnology sectors.
To facilitate applications like imaging, purification, or interaction studies, protein labeling is frequently carried out. However, not every downstream application can be used with every labeling technique. Some methods might obstruct a further investigation or might not deliver the intended signal or sensitivity.
Companies in the protein labeling market focus on continuous product development and innovation to offer advanced labeling reagents, kits, instruments, and software. They invest in research and development to enhance their products' performance, specificity, and ease of use. Innovation may involve introducing new labeling technologies, improving labeling efficiency, or developing novel applications for protein labeling.
PerkinElmer Inc., F. Hoffmann-La Roche Ltd., Merck KGaA, Thermo Fisher Scientific, Inc., and Promega Corporation are the key players in the global protein labeling market.
The reagents segment accounts for the highest revenue share in the global protein labeling market.
*Insights on financial performance are subject to the availability of information in the public domain