The major companies in the market are continuously launching products boosting the protein assays market. The companies are also increasingly adopting inorganic growth strategies like merging and acquisitioning for protein assays growth plays role in driving the market growth over the forecast period.
Medical life science company, PerkinElmer, Inc, in April 2022, introduced in the market two assay kits AlphaLISA and homogeneous time-resolved fluorescence (HTRF). These kits are launched in view to offer convenient and quick detection and quantification of Chinese hamster ovary (CHO) host cell protein (HCO) impurities throughout the biopharmaceutical manufacturing process. CHO HCP impurities identification may hamper potency, stability, help in preventing immunogenicity and improves the overall effect of a drug.
The only and major reason that hinder the growth of global protein assay market are high costs linked to test and lack of imbursement.
Coherent Market Insights mentions in its study that the global Protein Assay Market is estimated to be valued at US$ 2,173.5 million in 2022 and is expected to exhibit a CAGR of 7.8% during the forecast period (2022-2030).
Leading companies in the Protein Assay Industry:
1. Thermo Fisher Scientific
The companys Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets. The company was incorporated in 1956 and is based in Waltham, Massachusetts. On December 8, 2021, thermos fisher Scientific has completed its acquisition of PPD, Inc., a leading global provider of clinical research services to the biopharma and biotech industry.
2. GE Healthcare
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts. On December 2021, GE announced the acquisition of BK Medical, l leader in advanced surgical visualization.
3. Merck KGaA
MERCK operates in the healthcare, life science, and electronics sectors worldwide. The company was founded in 1668 and is headquartered in Darmstadt, Germany. Merck on 23 February 2022 signed a definitive agreement to acquire the chemical business of Mecaro Co. Ltd., Korean based manufacturer of heater blocks and chemical precursors for semiconductors.
4. Bio-Rad Laboratories
Bio-Rad Laboratories, Inc. manufactures, and distributes life science research and clinical diagnostic products in the United States, Europe, Asia, Canada, and Latin America. The company operates through Life Science and Clinical Diagnostics segments. Bio-Rad Laboratories, Inc. was founded in 1952 and is headquartered in Hercules, California. Bio-Rad Laboratories on August 2022, acquired all of the shares of Curiosity Diagnostics, Poland based medical diagnostic and healthcare market.
5. Lonza Group
Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe, North and Central America, Latin America, Asia, Australia and New Zealand, and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments. The company was founded in 1897 and is headquartered in Basel, Switzerland.
6. Abcam plc
On Oct. 27, 2021 Abcam announced the successful completion of its acquisition of Bio Vision and the expansion of its immunoassay capacity in Eugene, OR. Abcam plc was incorporated in 1998 and is headquartered in Cambridge, the United Kingdom. It has operations in the Americas, Europe, the Middle East, Africa, China, Japan, and rest of the Asia Pacific.
7. PerkinElmer Inc.
PerkinElmer, Inc. was founded in 1937 and is headquartered in Waltham, Massachusetts. It operates through two segments, Discovery & Analytical Solutions and Diagnostics. PerkinElmer has made 28 acquisitions and 4 investments. The company has spent over $ 10.61B for the acquisitions. PerkinElmer has invested in multiple sectors such as Life Sciences Platforms and Tools, Genomics, Life Sciences Tech and more.
8. Bio-Techne
Bio-Techne Corporation was founded in 1976 and is headquartered in Minneapolis, Minnesota. The company operates through two segments, Protein Sciences, and Diagnostics and Genomics. On 6 October 2022, Bio-Techne Corporation announced the expansion of the Advanced Cell Diagnostics-branded RNAscopeTM insitu hybridization portfolio with the release of new automated co-detection assays specifically designed for the Roche DISCOVERY ULTRA Platform, enabling simultaneous detection of RNA and protein.
9. Geno Technology Inc.
Genovis AB (publ.) was founded in 1999 and is based in Lund, Sweden. It serves pharmaceutical and biotech, contract research, and contract manufacturing companies in Sweden, Europe, North America, and Asia. The company has a collaboration with Waters Corporation.
Definition- Protein assays a method used for determining the concentration of protein solubilized through different biochemical methods as isolation, analysis and quantification of proteins.
