Incidentally, the year 2017 witnessed the overall protein A resins market bagging a valuation of USD 510 million. The vertical is expected to continue its upward growth trajectory in the ensuing years, extensively aided by significant investments and changing R&D trends. An instance bearing testimony to the aforementioned statement is that of Creative Diagnostics, a leading supplier of healthcare research products that has recently launched a new product line of ready-to-use IgM purification reagents. According to reports, these new reagents that guarantee purity & stability, will be particularly used for life science applications and will be made available to researchers all over the world.
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Protein A Resins Market size was valued over USD 510 million in 2017 and is expected to witness more than 8% CAGR from 2018 to 2024. The rise of biologics in antibody engineering & drug development has called for unprecedented growth in the global protein A resins market. The considerable surge in regulatory approvals of monoclonal antibodies from the last few years to combat the robust product demand has also had a commendable implication on the growth statistics of protein A resins market. Monoclonal antibodies, owing to their specificity, efficacy, and stability have become increasingly favorable as therapeutic tools for a variety of conditions, from autoimmune diseases to cancer. Given the popularity of these antibodies for research & diagnostic applications, analysts deem the commercialization potential of global protein A resins market to further tread along a lucrative roadmap in the years ahead.
Industry experts deem that Protein A & G chromatography continues to lead the life science industries for the purification of IgG. However, in the light of the fact that these methods have proved unsuitable for the purification of IgM antibodies, Creative Diagnostics’ new product portfolio is expected to stimulate protein A resins market trends from antibody purification. Reports in fact affirm that with perpetual developments in the antibody field and increasing demand for therapeutics, antibody purification accounted for the largest revenue share of protein A resins industry in 2017.
GE Healthcare is another prominent industry player that has launched Protein A resins which it claims to improve monoclonal antibody purification capacity by as much as 40%. Reportedly, the company has introduced MabSelect PrismA and believes that it will be the most preferred option among the biopharmaceutical firms in the capture of monoclonal antibodies. The improved resin is a unique combination of base matrix and a Protein A ligand that enables very high dynamic binding capacities.
This extensive participation of industry players in launching innovative products has indeed proved to be a catalyst in uplifting global protein A resins industry share. These players are further likely to adopt strategies such as partnerships & M&As to garner higher revenue streams and strengthen their footprints in protein A resins market. Experts deem that protein A resins are seen as the gold-standard in monoclonal antibody capture, endowed with undeniable efficacy in disrupting the industry landscape. A presumption validating the same is that of Global Market Insights, Inc., that claims global protein A resins market to hit USD 900 million by 2024.
Germany currently dominates Europe protein A resins market due to ongoing R&D activities in biopharma industry. Germany is amongst the Europe’s largest biopharmaceutical producer and looked upon as a favored location for conducting clinical trials. Robust growth in biopharmaceutical sector ongoing development of pharmaceutical products will support the Germany protein a resin industry growth.
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APAC protein A resins market will witness significant growth owing to improved healthcare infrastructure, presence of big patient pool and increasing demand for better biologics to treat the chronic diseases. Indian and China are forecasted to drive regional growth while japan is predicted to remain mature market over the forecast timeframe.
Some of the key industry players operating in global protein A resin market are Agarose Bead Technologies (ABT), Bio-Rad Laboratories, Danaher Corporation, EMD Millipore, Expedeon, GE Healthcare, GenScript Corporation, Novasep, Repligen, Sigma-Aldrich Corporation, Takara Bio, Thermo Fisher Scientific, Tosoh Bioscience. The industry players are focusing on new product development for strengthening their position and broaden their product portfolio. For instance, in September 2017, GE healthcare launched MabSelect PrismA, a new protein A chromatography resin for capturing monoclonal antibodies.