The global protein labeling market size is expected to grow from $1.94 billion in 2021 to $2.13 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The protein labeling market is expected to reach $3.13 billion in 2026 at a CAGR of 10.1%.
What is the Global Protein Labeling Market?
The protein labeling market consists of sales of protein labeling products and related services by entities (organizations, sole traders and partnerships) that produce protein labeling products to diagnose various diseases. Protein labeling refers to the use of appropriate molecular labels to detect or purify proteins and their binding partners in tissues, cells, and biochemical assays.
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What drives the Global Protein Labeling Market?
Increased spending on the R&D of proteomics and genomics is driving the growth of the protein labeling reagents market. Proteomics is the study of the overall protein content of a cell, tissue, or organism. Protein labeling methods before separation and analysis is essential during proteomic profiling approaches. For instance, the National Institutes of Health (NIH) of the United States, funded $37 billion for biomedical research. This funding is for life sciences research that supports study at a molecular level for the understanding of fundamental processes by which diseases develop identification of biomarkers that signal the presence of disease, or identification of gene/protein responsible for the disease. The Novo Nordisk Foundation granted a grant of up to $1.5 million to the University of Copenhagen to establish a mass spectrometry facility, which marks a new and exciting step in protein research. Therefore, the increased spending on research and development of proteomics and genomics is driving the market.
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Global Protein Labeling Market Segments
The global protein labeling market is segmented:
By Product: Reagents, Protein, Enzymes, Probes/ Tags, Monoclonal Antibodies
By Labeling Method: In-Vitro Labeling, In-Vivo Labeling
By Application: Cell Based-Assay, Fluorescence Microscopy, Immunological Techniques, Mass Spectrometry, Protein Micro Assay
By Geography: The regions covered in the protein labeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Protein Labeling Global Market Report 2022provides market size and growth forecasts for the global protein labeling market, global protein labeling market share, protein labeling market segments and geographies, protein labeling market competitive landscape including leading competitors’ revenues, profiles and market shares. The protein labeling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Protein Labeling Industry Playersinclude Thermo Fisher Scientific Inc, Merck KGaA, PerkinElmer, Inc., General Electric Company, F. Hoffmann-La Roche AG, AGILENT TECHNOLOGIES INC., BIO-RAD LABORATORIES, Kirkegaard & Perry Laboratories, LI-COR Inc. and Kaneka Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
