, April 09, 2018 ) The North America Protein Labelling Market
was worth USD 0.46 billion in 2016 and estimated to be growing at a CAGR of 13.56%, to reach USD 0.88 billion by 2021. Protein labelling is done using labelling reagents and kits to label an antibody or other protein, to make an enzyme conjugate, fluorescent probe, biotinylated binding reagent or iodine-labelled tracer for detecting proteins in tissues, cells, and biochemical assays.
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The labelling techniques find applications in various biotechnological and pharmaceutical research and diagnostic processes that include protein micro assay, cell-based assay, mass spectrometry, fluorescence microscopy and immunological techniques. The major players in the market have the product portfolio which includes various reagents, kits & services for in-vitro and in-vivo labelling of the specific peptides. Development of advanced dyes that rapidly conjugates with the specific peptides in order to detect their presence and further the purification process more accurately are expected to have a positive impact on growth.
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The North America market is witnessing a number of new product launches and improvement in existing technologies that are predicted to accelerate growth in demand. Growing adoption of bioengineering technologies, increasing health care awareness and growing investments in R&D. Moreover, growing proteomics research is boosting the market growth. However, a limited number of skilled professionals, high costs of products are hindering the market growth.
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The North America Protein Labelling market is categorised by Product, Labelling method, Application and End users. On the basis of Product, the market is segmented into Reagents, Kits and Services. The Labelling segment includes In vitro Labelling and In vivo Labelling. On the basis of Application, the market is further segmented into Cell-Based Assay, Mass Spectroscopy, Fluorescence Microscopy, Immunological Technique and Protein Microarray. The North America market has been geographically segmented into segmented into US and Canada. North America is the most lucrative region accounting for over 38% of the global revenue in 2016. The market is increasing at a CAGR of 13.56%. Presence of most major players in the region working on enhancing their portfolios on offer and rise in adoption of protein labelling in tandem with the development of genomic sequencing and personalized medicine are the major factors accounting for the region’s dominant position.
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The Key companies dominating the North America protein labelling market are Thermo Fisher Scientific, Inc., General Electric Company, Merck KGaA, Eurogentec S.A., PerkinElmer, Inc., F. Hoffmann-La Roche AG, New England Biolabs, Kaneka Corporation, Kirkegaard & Perry Laboratories, Promega Corporation, LI-COR, Inc. and SeraCare Life Sciences, Inc.
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