Protein crystallization or the process creating crystals of protein is predominantly applied in chemical, industrial and scientific fields. X-day crystallography is the most common type of study performed with this process. Global protein crystallization market is aiming at impressive growth for the next few years to come. Businesses in this industry are aiming at healthy growth and multiple expansion opportunities across different regions of the global industry. Increasing demand and exciting research and development activities are also driving the industry ahead at a strong growth rate.
Segmentation in the Market
Researchers categorize the global protein crystallization market into different segments based on the types of technologies, products, end-users, and geography. Based on technology, the market is divided into protein purification, crystallization, crystallography, crystal mounting, and such other technologies. Based on the types of products, the global industry is segmented into reagents, consumables, instruments, services, and software programs. End users in the industry include biotechnology and pharmaceutical companies, academic institutions, and government bodies. Geographic segments in the industry include Europe, Asia, North America, and rest of the world.
Market Drivers and Forecasting Reports
According to the experts, the future growth prospects for this industry are very bright. Increasing use of membrane protein, crystallization processes, and structure elucidation are expected to drive the industry at impressive rate. Investments in the research and development activities in the market are also expected to be vital for the global protein crystallization market. As far as the restrains are concerned, the industry will struggle with issues like time-consuming and expensive methods, lack of generalized methods, and such other key elements. However, the key unmet needs of the industry present equal prospects of prosperity for both new entrants and existing market leaders.
All the factors like market drivers, segments and restrains mentioned above will have significant influence on the overall market conditions for crystallization of proteins. According to the latest market research reports, the protein crystallization market is set to witness strong growth at an estimated CAGR of over 10%. This growth is expected to remain constant for the forecasting period of 2013 to 2018. From 2014, the market for protein crystallization methods will maintain healthy growth rate to reach $1,253 million by the end of 2018. North America is anticipated to lead the global market in terms of both revenue and demand.
North American domination is closely followed by European markets. Asian market on the other hand is poised to grow at the highest CAGR thanks to the rising investment opportunities and immature status of the markets. As a result, the global protein crystallization market will receive strongest focus from the Asia Pacific region.