The surging investments being made in protein-based research and development (R&D) activities are causing a sharp surge in the demand for protein a resins across the world. Many private and public organizations are making huge investments in protein-based research programs for improving therapeutic approaches. For example, the National Institute of Health (NIH), which is a medical research center located in the U.S., invests around $32.3 million in medical research every year.
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As per the United Nations Population Fund, people in the age bracket- 60 years or above account for as much as 12.3% of the total population of the world. Moreover, this share is predicted to rise to nearly 22% by 2050. The rising incidence of chronic diseases is also augmenting the requirement for novel therapeutic processes for better and more effective disease management. The growing demand for novel therapeutic procedures is propelling the worldwide requirement for protein a resins.
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Between these, the demand for the recombinant source was found to be higher during the past few years. This was because of the high requirement for protein a resins in antibody purification processes. Antibody purification and immunoprecipitation are the major application areas of protein a resins. Of these, the usage of protein a resins will rise enormously in antibody purification processes in the coming years, on account of the growing requirement for antibodies, especially monoclonal antibody for various therapeutic purposes.
Geographically, the protein a resin market is predicted to register the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years. This will be a result of the mushrooming usage of protein a resins for drug discovery, rapid technological advancements, and the increasing number of research and development activities being conducted in the life sciences domain in this region. In APAC, the usage of protein a resins was observed to be the highest in Japan in the past.
