Selbyville, DE -- (SBWIRE) -- 11/14/2018 -- Increasing drug discovery and research will substantially influence protein A resin Market growth in the foreseeable future. Developed countries in North America and Europe region spends considerably more compared to developing countries on drug discovery and development. However, developing nations recently taking initiative to boost the drug related research activities. Research and development requires protein A resin for the separation and purification purpose.

However, high cost of protein A resins hampers its affordability rendering significant negative impact on industry growth Antibody purification application segment dominated the industry in 2017 and is likely to retain the position over forthcoming years. Protein A resin is preferred technique of large scale production of monoclonal antibodies. Increasing number of commercial monoclonal antibodies coupled with large scale production to cater to its increasing demand will stimulate the segment growth.

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Protein A Resins market will reach USD 900 million by 2024; as per a new research report. Stupendous rise in demand of therapeutic antibodies coupled with rise in the use of chromatography technique will drive the industry growth over forecast timeframe. The demand of monoclonal antibodies is rising across the globe for better management of chronic diseases. Moreover, several monoclonal antibodies are still in late phase of clinical development and are expected to get approval in near future. This will rise the demand for protein A resins for antibody purification on large scale.

Recombinant protein A products are widely used due to associated benefits such as improved solubility and less sensitivity to alkaline conditions. These procedural benefits have enabled recombinant protein A resins to capture dominant position in the industry.

Agarose based matrix is most widely used in the industry compared to other matrix types available. As a result, it holds largest revenue share in 2017. The suitable pH range, greater firmness and superior mechanical strength are some of the benefits associated with agarose-based matrix type.

Clinical research laboratories is forecasted to be a fastest growing segment owing to robust research and development activities and large number of clinical trials carried on monoclonal antibodies. However, biopharmaceutical firms use protein A resins in large quantities for the purification of monoclonal antibodies. This has enabled them to retain dominant position amongst other end users.

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UK protein A resins market is forecasted to witness healthy growth in Europe region due to rising investments and increasing government support for the development of novel therapy drugs. Increasing approval of monoclonal antibodies coupled with its increasing demand will further support the industry growth.

Some of the notable industry players are Agarose Bead Technologies (ABT), EMD Millipore, Danaher Corporation, GE Healthcare, Expedeon, Bio-Rad Laboratories, Sigma-Aldrich Corporation, Novasep, GenScript Corporation, Takara Bio, Repligen, Thermo Fisher Scientific, and Tosoh Bioscience. Industry players are increasingly focusing on the research and development activities for development of new and innovative products to maintain dominant position in the industry.

Complete report for 2018-2024 on Protein A Resins market is now available at https://www.marketstudyreport.com/reports/protein-a-resins-market

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