According to the latest publication from Meticulous Research®, the global protein purification and isolation market is on track to reach $15.04 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 9.1% during the forecast period from 2023 to 2030.
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Several key factors are driving this growth:
- Demand for New Protein-Based Drugs: There is a growing need to identify and develop novel protein-based drug molecules. This demand is significantly influencing the market for protein purification and isolation techniques.
- Increased Research in Pharmaceuticals and Biopharmaceuticals: The rise in research activities within these fields necessitates advanced protein purification technologies, thereby expanding the market.
- Focus on Precision Medicine: The shift towards precision medicine requires sophisticated methods for protein purification and isolation to ensure tailored and effective treatments.
- Protein Therapeutics Demand: The expanding use of protein therapeutics is driving the need for reliable purification processes to maintain therapeutic efficacy.
- R&D Investment Growth: Increased spending on research and development within the pharmaceutical and biotechnology industries is fostering market growth.