The global protein A resin market is projected to reach USD 2.1 billion by 2028 from USD 1.2 billion in 2022, growing at a CAGR of 9.8% during the forecast period. Rising technological advancements primarily drive the growth of this market in protein A resin, rise in demand for miniaturize protein engineered product used in disease diagnoses and therapeutics.
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Key Market Players
The protein A resin business is very competitive, with both established companies and newcomers competing for the same market share. As of 2022, the key players operating in the global protein A resin market are Danaher Corporation (US), Merck KGAa (Germany), Repligen Corporation (US), Tosoh Bioscience LLC (Japan), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), and PerkinElmer (US) among others.
Danaher Corporation (US)
Danaher Corporation is a US-based company that designs, manufactures, and markets medical, industrial, and commercial products and services. The company operates through three business segments, namely, Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences business segment offers protein A resin products. This segment is further classified into Filtration, Mass Spectrometry, Cellular Analysis, Lab Automation & Centrifugation, Microscopy, and Genomics Consumables. the US accounted for 38.3% of the company’s revenue, followed by China (13.5%), Germany (5%), and all other countries (43.2%).
Merck KGAA (Germany)
Merck KGaA is another major player in the protein A resin market. The company is a leading provider of chromatography consumables across the globe. It primarily focuses on expansions and new product launches as its key growth strategies to expand its presence in the global market. Merck has a significant focus on innovation. Over the last few years, the company has increased its R&D activities with a focus on providing its customers with advanced products.
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Europe to register a significant growth in the market during the forecast period
Europe is expected to register a significant growth in the market during the forecast period. Europe comprises the Germany, France, UK, Italy, Spain, ROE. Factors such as the flourishing biotechnology industry and favourable healthcare and R&D scenarios are driving the growth of the Europe protein A resin market.
- As part of its charitable efforts through the Agilent Foundation, Agilent Technologies partnered with Delaware State University (DSU) to boost the number of minority students who choose STEM careers.
- Tosoh Biosciences LLC completed the acquisition of Semba Biosciences, a privately held leading innovator in the field of multi-column chromatography (MCC) instrumentation and technology for the downstream purification of biologics.
- Repligen and Navigo completed their co-development of a novel affinity ligand that addresses aggregation issues associated with pH-sensitive antibodies and Fc-fusion proteins. This ligand, NGL-Impact HipH, is produced and supplied to Purolite for use in a platform usage resin product.
- The Life Sciences business of GE Healthcare was acquired by Danaher Corporation and rebranded as Cytiva.
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