Protein Assays Market to be Worth $4.36 Billion by 2031

Protein Assays Market by Type (Dye-based, Copper-based) Technology (Fluorescence, Absorbance, Colorimetric) Offering (Reagent, Kit, Instrument) Application (R&D, Drug Discovery, Diagnostics) End User (Pharmaceutical, Hospital) – Global Forecast to 2031

The Protein Assays Market is projected to reach $4.36 billion by 2031 at a CAGR of 9.3% from 2024 to 2031. Protein assays are used for the measurement of protein in samples or biological fluids with the use of detergents, dyes, or reagents. The purpose of the assay is protein quantification—that is, to determine the concentration or amount of an array of proteins or specific proteins. There are different types of protein assays on the basis of their sensitivity and specificity, including Bradford Protein Assay, Bicinchoninic Acid (BCA) Assay, Lowry Protein Assay, and others. Protein assays vary in their chemical basis for detecting protein-specific functional groups. Some assay methods detect peptide bonds, but no assay does this exclusively.

The growth of this market can be attributed to various factors, such as the increasing pharmaceutical R&D expenditures, rising use of protein assays in drug discovery & development, growth in the food & beverage industry, and rising use of protein assays in clinical diagnostics tests. However, the high cost of protein assay equipment restrains market growth.

Furthermore, increasing focus on proteomics research and the use of protein assays in personalized medicine is expected to offer market growth opportunities. However, the shortage of skilled professionals and high chances of error with complex samples are major challenges for the market’s growth.