Protein A resins Market 2023 Growth Opportunities and Future Outlook | Estimated CAGR of 9.8% by 2028

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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Protein A resins are composed of a matrix or bead-like material that is functionalized with protein A ligands. These ligands have a high affinity for the Fc region of antibodies, allowing for selective binding and purification of antibodies from complex biological samples.

Antibody purification segment accounted for the largest share of the Protein A resin in 2022-2028

Based on application, the Protein A resin is segmented into antibody purification and immunoprecipitation. The antibody purification application segment is estimated to hold the largest market share of the Protein A resin market during the forecast period. This segment held a share of 82.0%. The large share of this segment can be attributed to the increasing investments by pharmaceutical and biotechnology companies and increasing demand for monoclonal antibodies for the treatment and cure of disease has increased as a result of the rising prevalence of chronic diseases.

Pharmaceutical & biopharmaceutical companies’ segment to register for the highest growth rate of the Protein A resin in 2022-2028

The major end users in the protein A resin market are pharmaceutical & biopharmaceutical companies, academic research institutes and other end user. Pharmaceutical and biopharmaceutical companies are expected to dominate the market during the forecast period. The significant portion of this market is accounted for by the growing use of continuous manufacturing methods along with the increasing utilisation of protein A resins in drug discovery, mAbs, vaccination, and medicines production processes in the biopharmaceutical manufacturing industry.

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.

Key Market Players

prominent players in the Protein A resin are Danaher Corporation (US), Merck KGAa (Germany) and Repligen Corporation (US) among others

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