Protein Stability Analysis Market by Product (Assay and Reagent, Instrument), Technique (Chromatography, Spectroscopy (DLS, Fluorescence Spectroscopy), SPR, DSF), End User (Pharmaceutical & Biotech Companies, Research Institute) - Global Forecast to 2024", is expected to grow from USD 1.2 billion in 2018 to USD 2.1 billion by 2024, at a compound annual growth rate (CAGR) of 10.0% during the forecast period. The major driving factors of this market are open innovation models in pharmaceutical & biotechnology companies and increasing pharmaceutical outsourcing.
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Thermo Fisher Scientific is a global leader of the protein stability analysis market. The company geographically operates in over 50 countries, across North America, Europe, Asia, and Latin America. It focuses on expanding its presence in the protein stability analysis market by strategically investing in research and development activities. This strategy helps the company to launch new products in the market and strengthen its portfolio for this market. For instance, in 2018, Thermo Fisher Scientific launched Ultra-High Performance Liquid Chromatography Systems. The company’s strong product portfolio and continues efforts to develop innovative products is going to help the firm in maintaining its leading position in this market.
Waters Corporation is another prominent player of the protein stability analysis market. The company operates in 27 countries worldwide, with a strong geographical presence in Europe, the US, China, and Japan. The company focuses on new product launches as its key strategy. For instance, in 2016, the company launched Xevo TQ-XS mass spectrometry, a range of differential scanning calorimeters and chromatography columns. These product launches strengthen the company's product portfolio in the protein stability analysis products.
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Key Market Players
The major protein stability analysis providers include Thermo Fisher Scientific, Inc. (US), Waters Corporation (US), Agilent Technologies, Inc. (US), PerkinElmer (US), Shimadzu Corporation (Japan), GE Healthcare (US), Malvern Panalytical Ltd (Spectris company) (US), Horiba, Ltd (Japan), Unchained Labs (US), NanoTemper Technologies (US), and Enzo Life Sciences, Inc. (US).
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The Asia Pacific protein stability analysis market is projected to grow at the highest rate during the forecast period.
Emerging Asia Pacific countries, such as India, China, Japan, South Korea, and Indonesia, are witnessing a rapid expansion and the modernization of healthcare infrastructure and increasing per capita healthcare expenditure. The growth of this market is attributed to the increasing R&D spending, the growing trend of outsourcing drug discovery services, increasing number of public-private partnerships, and growing government funding for medical research.
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