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.
Dallas, TX -- (SBWIRE) -- 03/19/2014 -- 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 market was valued at $775 million in 2013 and is expected to reach $1,253 million by 2018. 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.
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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 increasing use of crystallization for membrane protein structure elucidation, increasing R&D by big pharmaceutical and biotechnology firms, technological advancements, and increasing government funding are the major factors driving the market. New and innovative product launches by key industry players also boost the growth momentum of this market. Nevertheless, lack of qualified and experienced researchers and reduction in healthcare budgets are critical restraints for market growth.
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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