Market
Scenario
Protein
assays are utilized in life science research to detect the presence of protein
in a sample. There are various assays available in the market differing from
each other on the basis of sensitivity, principle and methodology. The macro
factors such as sample size, amount, interfering agents and reproducibility are
also responsible for its quantification. Protein assays rely mostly on color
change i.e. colorimetric assay and use of standard protein such as
immunoglobulin G (IgG) or bovine serum albumin (BSA). Protein quantification is
the most important step before separation and analysis by electrophoresis or
chromatography or any other immunochemical techniques.
The
use of protein assays for early diagnosis of diseases such as cancer and HIV
may significantly reduce the morbidity and mortality of the disease. These
assays are cost effective, facile and reproducible. Commonly used protein assay
are Bradford, Lowry, BCA, and UV spectroscopic protein assays. Thus, use of
assay in disease diagnosis, drug discovery and development encourages the
biotechnology and pharmaceutical industry to invest in R&D, which fuels the
demand of protein assays market.
Several
new biomarker identification systems are launched by the key players which
grants various opportunities for the global protein assay market. For instance,
in June 2017, Gyros Protein Technologies AB launched a new version of its
anti-drug antibody (ADA) solution for the immunogenicity market. This solution
enables customers to automatically run the assays in a time-efficient manner
using small volumes of patient samples and reagents, and shorten run-times.
According
to a publication by Pharmaceuticals Research and Manufacturers of America
(PhRMA), the organizations spent approximately $58.8 billion on R&D in 2015
accounted for the largest part of all the biopharmaceutical R&D spending in
the U.S. However, high cost of multiplex assay hardware is limiting the growth
of global protein assay market.
Segmentation
The
protein assays is segmented on the basis of type, application, product,
technology and end-users.
On
the basis of type, the market is segmented into copper-ion-based assays, test
strip-based assays, dye-binding assays, and others
On
the basis of application, market is segmented into diagnosis, drug discovery,
protein purification and others
On
the basis of product market is segmented into reagents & kits, instruments
and others
On
the basis of technology, market is segmented into colorimetric-based protein
assays, fluorescence-based protein assays, and absorbance-based protein assays
On
the basis of end-user, the market is segmented into hospitals & diagnostic
centers, academic institutes, pharmaceutical & biotechnology companies and
others.
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