(PRWEB) April 06, 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 future growth prospects for the protein crystallization market are optimistic which is estimated to grow at a CAGR of 10.1% to reach a worldwide market of $1,253 million by 2018.
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The protein crystallization market is estimated to witness tremendous growth in the next five years as it comprises automated systems that offer very high sensitivity. In addition, protein purification, reagents/consumables, X-ray, and the crystallography segments of the crystallization of protein market are projected to see high growth rates on account of a large number of ongoing research projects in the domain. Thus, the emerging markets of Asia as well as the electrophoresis technology for protein purification are the new revenue sources for the protein crystallization market.
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The Americas and Europe are the established markets for protein crystallization & crystallography. The developing regions, including BRIC (Brazil, Russia, India, and China) countries, are expected to form the new revenue pockets for this market. A rise in the spending power of these countries is the major driver for the growth of crystallization of protein. With the advent of new technologies like cryo-crystallization, improved radiation sources, and more sensitive detectors, the protein crystallization and crystallography market will see a robust growth in the near future. The increasing and immediate need for high-resolution information on protein structures, increasing government funding, and increasing R&D in the pharmaceutical and biotechnological arenas are also factors driving the growth of the protein crystallization market. However, lack of qualified and experienced researchers and the highly time-consuming and expensive protein crystallization & crystallography process restricts the growth of the market to some extent.
To take advantage of the favorable conditions in developing economies and to stay ahead of the competition in the global market, a number of Tier-I companies are investing in these countries. For instance, in October 2011, MiTeGen entered into a mutual distribution agreement with Beijing-based XTalQuest, Inc. The agreement helped MiTeGen to expand its product portfolio and increase its distribution chain in China, Taiwan, and Singapore. Similarly, in November 2013, Jena Bioscience entered into a distribution agreement with M. Ayub Brothers (Pakistan), a trading company that deals in consumables. The agreement will help Jena Bioscience to expand its geographic presence.
Among the Asia-Pacific countries, China and India are expected to grow at high CAGRs during the forecast period. This forecasted growth is attributed to increasing prosperity, growing research, and urbanization.
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