Latin America Protein Purification & Isolation Market Size, Share & Trends Analysis Report By Product (Consumables, Instruments), By Technology, By Application, By End-use, And Segment Forecasts, 2020 - 2027

Report Overview

The Latin America protein purification & isolation market size was valued at USD 419.2 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2020 to 2027. Some of the major drivers for the market are growing need of identifying new ligands more accurately and rising development of rapid purification kits that can prepare, screen, purify, & concentrate protein samples. Proteins are a key focus area in the biotechnology and pharmaceutical industries. Therefore, increasing investments in pharmaceutical and biotechnology R&D is anticipated to boost the market growth. According to an article published by Nearshore Americas in 2019, private investments almost doubled from USD 68 billion in 2012 to USD 110 billion in 2017 in Latin America.

Ongoing technological advancements are also anticipated to accelerate market growth. For instance, MagZ Protein Purification System is a novel system that can purify specific HQ-tagged and His-tagged proteins from reactions of Reticulocyte Lysate. Some of the benefits of using the system are minimal binding of hemoglobin and a shorter incubation period.

In addition, the presence of organizations supporting research studies to promote science & technology, which is expected to boost the development of new methods, will fuel the market growth. For instance, CONICET supported research that designed a recombinant protein purification method using complementary peptides as affinity tags.

Furthermore, the presence of key market players, such as Promega Corp. and Norgen Biotek Corp., providing their products through local distributors is expected to drive the market growth. Brazil led the regional market in 2019 and will retain its dominant position. However, Chile is anticipated to register the fastest CAGR from 2020 to 2027.

Product Insights

The consumables segment accounted for the largest revenue share of over 60% in 2019 due to the commercialization of novel purification resins & the exhaustive nature of such resins coupled with increasing use of kits, columns, reagents, and magnetic beads. For instance, Profinia consumables are the most widely used consumables. They contain the entire suite of purification and buffer kits. There are three types of kits—Profinia purification kits, Profinia starter kits, and Profinia buffer kits.

Presence of rapid and reproducible beads for isolation is anticipated to fuel the market growth. For instance, Merck KGaA manufactures PureProteome magnetic beads that can isolate proteins. These beads have advanced chemistry to combine with the high surface area & provide more binding sites for proteins. They also have the ability to get immobilized within seconds and deliver reliable results with minimal sample loss.

The instruments segment is expected to witness steady growth over the forecast period, owing to advancements, in terms of accuracy, sensitivity, and portability. Instruments, such as iBlot 2 Dry Blotting System, iBright Imaging Systems, and Profinia Protein Purification Instrument, are used for performing various types of protein purification, such as chromatography, electrophoresis, and western blotting.

Technology Insights

Based on technology, chromatography accounted for the largest revenue share of 28.24% in 2019 and is anticipated to maintain its dominance over the forecast period owing to its high sensitivity and accuracy for protein purification and isolation. Moreover, various companies are focusing on commercializing new products based on this technology and aim to increase their market shares.

In addition, various chromatography techniques include affinity chromatography, size exclusion chromatography, reversed-phase chromatography, ion exchange, and Hydrophobic Interaction Chromatography (HIC). Affinity chromatography dominated the chromatography market in 2019 and HIC is expected to be the fastest-growing technique during the forecast period.

Application Insights

Protein-protein interaction studies held the largest market share of 32.44% in 2019 owing to its vast usage in predicting the function of the target protein and drug abilities of molecules. Methods used for protein-protein interactions are Surface Plasmon Resonance (SPR), spectroscopic studies, co-immunoprecipitation, and confocal microscopy for intracellular colocalization of proteins.

Drug screening is estimated to register the fastest CAGR over the forecast period as it is widely highly used for discovering novel drugs with various applications. It includes the development of drugs with high efficacy than conventional drugs. Protein purification is widely used for pre-clinical drug development programs & early compound screening due to the fast identification of new drug molecules.

End-use Insights

The academic and research institutes segment dominated the market in 2019 with a share of over 40%. The segment will grow further on account of the increasing number of research initiatives being undertaken in academic institutes and high number of studies being conducted pertaining to protein-protein interaction, structural & functional proteomics, and detailed kinetic analysis.

The hospital segment is anticipated to register the fastest growth rate of 9.5% over the forecast period due to the increasing use of protein purification for the detection of protein specimens in biological samples, such as whole blood, urine, serum, and plasma. Also, there are many hospitals, which play an important role in various drug screening studies.

Regional Insights

Brazil accounted for the largest revenue share of 38.76% in 2019. Increasing researches conducted to identify the medical properties of proteins using protein purification methods is one of the major factors that contributed to the dominance of the country. For instance, in July 2017, a study was published by Brazilian scientist to purify and characterize antiplatelet DC protein (BaltDC) from Bothrops alternatus venom. The protein was purified using gel filtration and ion-exchange chromatography. It was found that the protein showed a specific inhibitory effect on platelet aggregation induced by epinephrine and ristocetinin human Platelet-rich Plasma (PRP).

Key Companies & Market Share Insights

Major companies are focusing on research and development to develop technologically advanced products to gain a competitive edge over others. Some of the prominent players in the Latin America protein purification and isolation market include:

• Thermo Fisher Scientific, Inc.

• Merck KGaA

• Sigma-Aldrich Corp.

• Bio-Rad Laboratories, Inc.

• Agilent Technologies, Inc.

• Promega Corp.

• General Electric

• Norgen Biotek Corp.

 Latin America Protein Purification & Isolation Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the Latin America protein purification & isolation market report on the basis of product, technology, application, end use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Instruments

  • Consumables

• Technology Outlook (Revenue, USD Million, 2016 - 2027)

  • Ultrafiltration

  • Precipitation

  • Chromatography

  • Electrophoresis

  • Western Blotting

  • Others

• Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Drug Screening

  • Biomarker Discovery

  • Protein-protein Interaction Studies

  • Diagnostics

• End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Academic and Research Institutes

  • Hospitals

  • Pharmaceutical and Biotechnological Companies

  • CROs

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

    • Peru

    • Chile