Protein Crystallization and Crystallography Market Worth $1,253 Million by 2018 - New Report by MarketsandMarkets
(PRWEB) March 04, 2014 -- The “Protein Crystallization & Crystallography Market by Technology (Ion-Exchange Chromatography, HPLC, Gel-Electrophoresis, NMR, X-Ray Crystallography), Products (Reagents & Instruments) & End-Users (Pharmaceutical & Biotechnology Companies) - Forecast to 2018” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market, estimates and forecasts of revenue, and share analysis.
Browse more than 71 market data tables with 20 figures spread through 251 pages and in-depth TOC on "Protein Crystallization & Crystallography Market"
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The global Protein Crystallization & Crystallography Market was valued at $775 million in 2013 and is expected to reach $1,253 million by 2018.
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The protein crystallization market is segmented by technology, product, and end user. The market, by technology, is further segmented into protein purification, protein crystallization, protein crystal mounting, and protein crystallography. The protein crystallization segment accounted for the largest share of the protein crystallography market in 2013. However, the protein purification market will see the highest growth in the next five years.
On the basis of products, the protein crystallography market has segments like reagents/consumables and instruments. The reagents/consumables segment commanded the largest share—85%—of the protein crystallization market in 2013.
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North America is the largest revenue generator for the crystallization & crystallography market, closely followed by Europe. Both markets have reached the maturity phase of growth and are estimated to register single-digit growth rates for the next five years. Asia projects a robust growth outlook during the analysis period, owing to growing urbanization, huge investment opportunities in these immature markets, and the growing number of research projects in these regions. Growth of the protein crystallization & crystallography market will be driven mainly by countries like China and India.
Factors propelling the growth of the protein crystallization & crystallography market include the increasing and immediate need for high-resolution information on protein structures, technological advancements, increasing government funding, and increasing R&D in the pharmaceutical and biotechnological arenas. On the other hand, factors restraining the growth of the market include dearth of qualified and experienced researchers, lack of generalized crystallization methods associated with the types of proteins, and highly time-consuming and expensive protein crystallization & crystallography processes.
Emerging technologies like X-ray-free electron lasers, lab automation using liquid handling robotics, and automated workstations to reduce labor force and increase efficiency show promising prospects.
The major players operating in the protein crystallization & crystallography market are Rigaku Corporation (Japan), Hampton Research (U.S.), Jena Bioscience GmbH (Germany), Molecular Dimensions Ltd. (U.K.), Formulatrix, Inc. (U.S.), Bruker Corporation (U.S.), and MiTeGen LLC (U.S.).
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