The global protein labeling market is anticipated to experience a significant growth in the upcoming years, driven by the rising incidence of chronic diseases such as cancer and the increasing need for their diagnosis. Technological advancements and the improvement of detection workflows have led to the expansion of the protein labeling techniques in various clinical and medical studies.
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The increasing demand for precise applications in fields such as flow immunocytochemistry, cytometry, western blotting, immunohistochztenicity, and ELISA has been a major driver for the protein labeling market. The American Cancer Society, Inc. estimated that there will be around 1,735,350 new cancer cases diagnosed and 609,640 deaths owing to cancer in the U.S. in 2018.
The protein labeling market can be segmented into various product types, such as reagents, kits, and services. The reagents segment held a significant share of the market in 2017, while the kits segment is anticipated to expand at a rapid growth rate during the forecast period. The cell-based assays segment is expected to expand at a rapid CAGR during the forecast period.
Key players in the global protein labeling market include Merck Millipore, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche AG, Promega Corporation, New England Biolabs, LI-COR Inc., Eurogentec S.A., General Electric Healthcare Life Science, PerkinElmer Inc, and Kirkegaard & Perry Laboratories (KPL). These companies are continuously enhancing their portfolios to cater to the growing demand for protein labeling techniques.
The global protein labeling market can be segmented based on region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a leading share of the global protein labeling market in 2017, followed by Europe. The Asia Pacific region is expected to experience a significant growth in the near future, owing to the improvement in infrastructure in the health care field, favorable government policies, and increase in expenditure in the region.
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