Global Protein A Resin Market Forecast to Reach $2.33 Billion by 2029: Next-generation Protein A resins and growing adoption of single-use technologies drive market growth

Dublin, May 22, 2024 (GLOBE NEWSWIRE) — The “Proteins and Resins Market – Size, Global Industry Share, Trends, Opportunities and Forecast, 2019-2029F” report has been added to ResearchAndMarkets.com’s The offer of

The global protein A resin market has exhibited a robust growth trajectory, with an impressive compound annual growth rate (CAGR) of 9.91% projected from 2023 to 2029. An essential component in biopharmaceutical manufacturing, protein resin Is it necessary in antibody purification of monoclods and other proteins.

Technological advancements play a major role in market expansion. With improved binding capacities, increased selectivity, and increased stability, next-generation protein A resins strengthen the manufacturing capabilities of biopharmaceutical companies. The increasing adoption of single-use technologies further contributes to this positive outlook, offering reduced cross-contamination risks and operational flexibility. These advancements are anticipated to be critical drivers of market growth.

Geographically, North America holds a dominant position in the market due to its strong biopharmaceutical industry and advanced healthcare infrastructure. The region’s commitment to high-quality biopharmaceutical production, backed by strict regulatory standards, ensures sustained demand for high-performance protein A resins.

Healthcare concerns escalate demand

The increasing prevalence of chronic diseases globally has driven the urgent demand for new therapeutic options, especially biopharmaceuticals. This increase in demand, in turn, has led to an increased demand for Protein A resin in the purification process for these therapies, highlighting its integral role in meeting current medical needs.

Challenges and Opportunities

Despite strong growth, the market faces challenges, such as capacity constraints due to high demand for protein A resin and competition from alternative purification technologies. However, opportunities are manifested in the increased demand for biosimilars and the expansion of the biopharmaceutical sector, with specific growth anticipated in the agarose-based matrix type and among biopharmaceutical manufacturers as end users. regional

Main attributes

The report attribute The details
No. of Pages 179
Forecast period 2023-2029
Estimated market value (USD) in 2023 1.32 billion dollars
Estimated market value (USD) by 2029 2.33 billion dollars
Compound Annual Growth Rate 9.9%
Regions covered global

A selection of companies mentioned in this report includes, but is not limited to:

  • GE Healthcare Inc.
  • Merck Millipore
  • PerkinElmer, Inc.
  • GenScript Biotech Corp.
  • Agilent Technologies
  • Repligen Corp.
  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories, Inc.
  • Abcam PLC
  • Novasep Holdings SAS

For more information about this report, visit https://www.researchandmarkets.com/r/1tpunp

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, top industries, top companies, new products and the latest trends.

  • Global market of protein a resin


            

#Global #Protein #Resin #Market #Forecast #Reach #Billion #Nextgeneration #Protein #resins #growing #adoption #singleuse #technologies #drive #market #growth
Image Source : www.globenewswire.com

Leave a Comment