Protein Crystallization and Crystallography Market: 7% and 10% CAGR, Respectively, to 2020
PUNE, India, December 18, 2015 /PRNewswire/ --
Research analysts predict global protein crystallization and crystallography market to grow at a steady CAGR of more than 7% and 10% by 2020, respectively. Factors such as the recent increase in the demand for protein crystals for structural determination, especially for X-ray crystallography, and the augmented need for high-resolution information on the structure and nature of protein molecules, for applications like drug discovery, protein research, and protein engineering, will result in the growth of this market during the predicted period.
Complete report on global protein crystallization and crystallography market spread across 75 pages, profiling 5 major companies and supported with 43 data exhibits is now available at is now available at http://www.rnrmarketresearch.com/global-protein-crystallization-and-crystallography-market-2016-2020-market-report.html.
With increased emphasis on R&D investments and drug discovery, several small companies have resorted to outsourcing their drug discovery processes to sub-contract laboratories, while limiting themselves to manufacturing and marketing activities. The number of sub-contract laboratories has been rising rapidly since 2011, and this trend is expected to continue over the forecast period.
The augmented application of protein crystallography techniques in material sciences will be the key driver for the growth of this market. Protein crystallography techniques are primarily used in the pharmaceutical and biotechnology industries to aid in genetic engineering and drug discovery processes. Moreover, the ability of crystallography techniques to facilitate the study of the crystallization properties of cocoa butter, which is the most important ingredient in chocolate, is a significant factor that impels market growth during the estimated period.
Segmentation by technique employed and analysis of the protein crystallization and crystallography market are X-ray diffraction, NMR spectroscopy and Electron microscopy. In this market analysis, analysts have estimated the X-ray crystallography segment to be the largest market segment during the forecast period. This segment currently accounts for a market share of more than 64% of the total market share and is envisaged to retain its dominating hold over the market by 2020 owing to the simplicity of the process and its low cost of operation, especially when compared to cryo-electron microscopy. Order a copy of Global Protein Crystallization and Crystallography Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=443254.
The market research analysts have estimated the Americas to be the highest revenue generating market segment during the predicted period. The presence of a vast number of pharmaceutical and biotechnology companies, which focus on R&D activities and various drug discovery processes, in the North American region, is a significant factor that will result in this geography's impressive market value of more than USD 566 million by 2020.
The global protein crystallization and crystallography market is competitive and is primarily dominated by large vendors like Bruker and Formulatrix. The large providers in this market have a strong global presence, with support centers spread across the globe. The competitive environment in this market is likely to intensify owing to the recent increase in product extensions, new product launches, and new applications of products as well as services.
The following companies are the key players in the Global Protein Crystallization and Crystallography Market: Bruker, Formulatrix, Hampton Research, Molecular Dimensions and Rigaku. Other Prominent Vendors in the market are: Agilent, Anton Paar, Art Robbins Instruments, Bio-Rad Laboratories, Crelux, Danaher, Dynamic Devices, Emerald BioStructures, Fluidigm, GE Healthcare Life Sciences, Helena Laboratories, Jena Bioscience, Life Technologies, Lonza Group, MiTeGen, Oxford Instruments, PerkinElmer, Qiagen, SERVA Electrophoresis, Sigma-Aldrich Tecan, and Thermo Fisher Scientific.
Further, the report states that the high cost of the process and instruments used is a major concern for the protein crystallization and crystallography market and will curb growth during the forecast period, as well as the fact that the field lacks trained professionals.
Explore other new reports on biotechnology market at http://www.rnrmarketresearch.com/reports/life-sciences/biotechnology.
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