The global protein labeling market is estimated to be worth USD 3.45 billion by 2028 from USD 1.94 billion in 2023, growing at a CAGR of 12.2% during the forecast period.
Protein labeling detects a labeled protein and its binding partners using the proper molecular labels. Different compounds, including biotin, reporter enzymes, and radioactive isotopes, are tightly bound to the target protein or nucleotide sequence using labeling methods. Proteins are the largest and most important biomolecules in a living organism, as they are essential for survival. Proteins interact with other biomolecules and carry out tasks to keep the cell alive after being produced within a cell. The usage of non-canonical amino acids (ncAAs) followed by conjugation of labeled protein with fluorophores, polymers, affinity reagents, peptides, or nanoparticles has been demonstrated to be successful in proteomics and biotechnology. Protein labeling is becoming increasingly popular. Protein labeling employs a short label to prevent protein folding and function from being disturbed. Immunochemistry, fluorescence in situ hybridization (FISH), cell tracking, receptor tagging, and fluorescence spectroscopy are just a few of the uses for these fluorescent proteins. In addition, biological process monitoring, accurate compound quantification, precise detection of protein changes and isoforms in multiplexed samples, increased detection sensitivity, and simplified detection procedures are some of the most common uses for protein labeling use of IT technology is intended to automate and simplify research and development, as well as increase experimentation and research.
MARKET DRIVERS:
Innovation is playing a significant role in the global protein labeling market growth.
Chemically synthesized tags replace reagent and Kit-based protein labeling, probes, and tags through click chemistry and other newer and improved technologies. In addition, synergistic advances in optical physics, probe design, molecular biology, and computational analysis have resulted in the design and development of new protein-labeling technologies that have the potential to propel the future protein labeling market profitably.
In addition, increasing healthcare awareness, rising R&D expenditure, growing technological advancements, innovative products, applications, and services, and the development of proteomics coupled with the development of protein sequencing techniques further accelerate the growth rate of the global protein labeling market. Moreover, computer-controlled fluorescence and laser-confocal microscopy systems are also creating scope for the market.
Furthermore, the growing focus from the governments on improving the healthcare infrastructure, increasing proteomics research, and increasing research and development spending for research activities are expected to provide a favorable environment for the global protein labeling market to explore further. Adopting modern molecular biology and bioengineering tools to intensify functional mechanism knowledge on a subcellular scale under both pathologic and psychologic conditions leads to drug development, diagnosis, and therapy applications. With the bioengineering tools, the usage label in the detection & purification of proteins and diagnostic tests based on detecting a particular protein has grown significantly. The market represents several new product launches, and the rising adoption of bioengineering technologies is expected to accelerate the market growth.
MARKET RESTRAINTS:
However, a lack of skilled professionals and awareness and high product costs hinder the growth of the global protein labeling market.
Impact of COVID-19 on the global protein labeling market:
The current debacle of COVID-19, with a constantly clambering number of deaths across various nations, led to the nationwide lockdown. In the battle against the novel coronavirus, governments banned flights and other transportation to stop virus transmission from person to person. Due to the prohibition on transportation, the protein labeling market supply chain was disrupted. The protein labeling market consists of products and related services sales of protein labeling products; because of the sudden implementation of the lockdown and ban, no sales were made during the first quarter of 2020. As a result, there were some limitations on the exports and imports of protein labeling products. However, the second quarter of 2020 acted favorably on the protein labeling market. The factors such as the uplift of lockdown resumed activities and increasing demand for protein label products are expected to boost the market growth. Furthermore, post the outbreak, the market has completely changed; therefore, manufacturing industries manufacture the products as per the customers' needs. Therefore, due to the growing normalization and reduced impact of the COVID-19 pandemic, the market for protein labeling is anticipated to register a healthy CAGR during the forecast period.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
Segments Analysed |
By Product, Labeling, Application, and Region |
Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Analysed |
Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Eurogentec S.A., PerkinElmer, Inc., F. Hoffmann-La Roche AG, New England Biolabs, Kaneka Corporation, Kirkegaard & Perry Laboratories, Promega Corporation, LI-COR, Inc. and SeraCare Life Sciences, Inc. |
This research report on the global protein labeling market has been segmented and sub-segmented based on the product, labeling, application, and region.
Protein Labeling Market - By Product:
Based on product, the reagents segment had the highest share of the global protein labeling market in 2022. However, in-vitro labeling accounted for a larger revenue share due to ongoing clinical investigation studies concerning the proteomic analysis of genetic data. As a result, an increase in the number of labeling agents and genetically engineered labels is discovered, expected to calculate the percentage of the reagents segment. As a result, the protein segment held a significant share of protein labeling in terms of revenue share in the reagent segment.
Protein Labeling Market - By Labeling:
The vitro labeling segment is estimated to account for most market share during the forecast period based on the labeling. Reagents, instruments, and systems are intended for use in the diagnosis of diseases and other conditions. The in vitro labeling procedure takes approximately 25 minutes and doesn’t require centrifugation to separate from bound 99mtc.
Protein Labeling Market - By Application:
The Immunological techniques segment represents the largest segment with a higher market share based on the application. Flow cytometry, immunoassays, western blotting, and immunofluorescence are immunological techniques involved in using labels. These techniques are primarily used in cancer research, autoimmune disease research, and therapeutic development.
Protein Labeling Market - By Region:
Based on the region, the North American protein labeling market occupied the largest share of the global market in 2022 and is anticipated to continue showing domination in the global market during the forecast period owing to the increasing adoption of technological advancements, demand for protein labeling products, and rise in R&D investments. In addition, the growing number of companies offering protein labeling services and increasing R&D activities from academic and research institutions across North American countries are anticipated to propel regional market growth.
The Europe protein labeling market accounted for a substantial share of the global market in 2022 and is expected to register a healthy CAGR during the forecast period. Factors include well-established healthcare infrastructure for R&D activities, rising demand for protein-based drugs, and growing need for protein analysis in applications such as drug discovery and disease diagnosis.
The Asia-Pacific protein labeling market is the fastest-growing region in the worldwide market due to the increased demands of emerging economies such as Japan, India, and China, rising investment in genomic and proteomic research, and healthcare expenditure. In addition, the growing adoption of protein labeling techniques and increasing efforts from market participants are expected to fuel the market’s growth rate.
The protein labeling market in Latin America is anticipated to grow steadily during the forecast period.
The MEA protein labeling market is estimated to hold a moderate global market share in the coming years.
KEY MARKET PLAYERS:
Some of the notable companies dominating the global protein labeling market profiled in this report are Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Eurogentec S.A., PerkinElmer, Inc., F. Hoffmann-La Roche AG, New England Biolabs, Kaneka Corporation, Kirkegaard & Perry Laboratories, Promega Corporation, LI-COR, Inc. and SeraCare Life Sciences, Inc.
RECENT MARKET DEVELOPMENTS:
FAQ's
The global protein labeling market size was valued at USD 1.54 billion in 2021.
During the forecast period, the APAC has higher chances to register fastest growth among all regions in the worldwide market.
Yes, we have studied and included the COVID-19 impact on the global protein labeling market in this report.
Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Eurogentec S.A., PerkinElmer, Inc., F. Hoffmann-La Roche AG, New England Biolabs, Kaneka Corporation, Kirkegaard & Perry Laboratories, Promega Corporation, LI-COR, Inc. and SeraCare Life Sciences, Inc. are some of the noteworthy companies in the protein labeling market.
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