The global protein A resin market is projected to reach USD 2.1 billion by 2028 from USD 1.2 billion in 2022, growing at a CAGR of 9.8% during the forecast period. Rising technological advancements primarily drive the growth of this market in protein A resin, rise in demand for miniaturize protein engineered product used in disease diagnoses and therapeutics. equipment further supports the market growth. However, higher initial investment impedes the market growth.
The protein A resin business is very competitive, with both established companies and newcomers competing for the same market share. As of 2022, the key players operating in the global protein A resin market are Danaher Corporation (US), Merck KGAa (Germany), Repligen Corporation (US), Tosoh Bioscience LLC (Japan), Thermo Fisher Scientific (US), Agilent Technologies Inc. (US), and PerkinElmer (US) among others.
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Danaher Corporation (US)
Danaher Corporation is a US-based company that designs, manufactures, and markets medical, industrial, and commercial products and services. The company operates through three business segments, namely, Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences business segment offers protein A resin products. This segment is further classified into Filtration, Mass Spectrometry, Cellular Analysis, Lab Automation & Centrifugation, Microscopy, and Genomics Consumables. In FY 2021, the US accounted for 38.3% of the company’s revenue, followed by China (13.5%), Germany (5%), and all other countries (43.2%). The company's presence across diverse geographies shields it from risks associated with adverse economic trends in a single region. It also provides it with exposure to a large addressable market, thus enhancing its topline.
Merck KGAA (Germany)
Merck KGaA is another major player in the protein A resin market. The company is a leading provider of chromatography consumables across the globe. It primarily focuses on expansions and new product launches as its key growth strategies to expand its presence in the global market. Merck has a significant focus on innovation. Over the last few years, the company has increased its R&D activities with a focus on providing its customers with advanced products. Through strong R&D, the company is extending its patent portfolio, which can help Merck gain an advantage over its competitors. Merck is consistently introducing new chromatography products in the market. The company is also focused on enhancing its geographic presence through expansions.
Protein A Resin Market by Product (Agarose-based, Glass/Silica-based, Organic polymer-based), Type (Recombinant Protein A, Natural Protein A), Application (Antibody Purification, Immunoprecipitation), End User & Region - Global Forecasts to 2028
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