(EMAILWIRE.COM, May 09, 2019 ) Protein assays are used in life science research to determine the total protein concentration. Estimation of protein concentration is necessary for protein purification, electrophoresis, cell biology, molecular biology, and research applications. The market is witnessing high growth due to factors such as increasing pharmaceutical & biotech R&D expenditure and favorable government funding scenario for proteomics research.

In this report, the global protein assays market is segmented based on type, product, technology, application, end user, and region. On the basis of type, the market is segmented into dye-binding assays, copper-ion-based assays, test strip-based assays, and other protein assays. In 2017, the dye-binding assays segment is expected to account for the largest share of the market. This growth can be attributed to the increasing usage of dye-binding assays in disease diagnosis.

Based on product, the market is segmented into reagents, kits, and instruments & accessories. On the basis of technology, the market is segmented into absorbance-based protein assays, colorimetric protein assays, and fluorescence-based protein assays. In 2017, the absorbance-based protein assays segment is expected to account for the largest share of the market. The growth in this segment can primarily be attributed to the increasing sensitivity and accuracy of absorbance-based protein assays owing to the advent of new techniques.

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On the basis of technology, the protein assays market is segmented into absorbance-based protein assays, colorimetric protein assays, and fluorescence-based protein assays. Based on application, the protein assays market is segmented into disease diagnosis, drug discovery & development, and other applications. The drug discovery & development segment is expected to account for the largest market share in 2017. The increase in the R&D expenditure in the life science industry is a key market driver for this segment.

Based on end user, the protein assays market is segmented into pharmaceutical & biotechnology companies, clinical laboratories, hospitals, academic research institutes, and other end users. In 2017, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the market. This growth can be attributed to the increasing drug development in the life science industry.

On the basis of region, the global protein assays market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia is expected to grow at the highest CAGR during the forecast period. The growth in this region is primarily driven by the increasing pharmaceutical and biotechnology R&D expenditure and availability of government funding for life sciences research.

Some of the major players operating in the protein assays market are Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Merck KGaA (Germany), Cell Signaling Technology, Inc. (U.S.), General Electric Company (U.S.), and PerkinElmer Inc. (U.S.).

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