Asia Pacific Protein A Resin Market Size Booming at 9.5% CAGR to Cross USD 178.1 Million by 2029

Published | 18 April 2023

Asia-Pacific protein a resin market is flourishing due to an increasing demand for biopharmaceuticals and the growth of contract manufacturing organization (CMO) industry, which require reliable and efficient purification methods, such as protein A resin.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific Protein a Resin Market size at USD 94.37 million in 2022. BlueWeave expects Asia-Pacific Protein a Resin Market size to expand at a CAGR of 9.5% during the forecast period between 2023 and 2029 to reach USD 178.12 million by 2029. The protein A resin market in Asia Pacific is expanding due to an increasing demand for biopharmaceuticals, particularly monoclonal antibodies, which require efficient and dependable purifying techniques. Asia Pacific is one of the largest biopharmaceutical marketplaces, and major countries in the region, including China, Japan, South Korea, and India, have made significant investments in biotechnology research and development. It has resulted in the expansion of the region's biotech sector and increased demand for purification technologies, such as protein A resin.

Opportunity: Growing demand for personalized medicines

The growing demand for personalized medicine presents significant opportunities for the protein A resin market in the Asia-Pacific region. Personalized medicine involves the customization of medical treatments based on an individual's specific genetic, environmental, and lifestyle factors. This approach requires the production of highly specific and targeted biopharmaceuticals, which require efficient and reliable purification methods such as protein A resin. The Asia-Pacific region is home to a large and diverse population, with significant variations in genetic and environmental factors. As such, the region is well-positioned to benefit from the growth of personalized medicine. In addition, many countries in the region have been investing in genomics and other advanced technologies to support personalized medicine.

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Challenge: High production costs

Lack of skilled professionals can impact the quality and efficiency of biopharmaceutical production and purification, which can result in delays in the development and approval of new drugs, as well as increased costs. The production and purification of biopharmaceuticals, including the use of protein A resin, require specialized expertise and knowledge. The shortage of skilled professionals can also limit the growth potential of the protein A resin market in the region, as biopharmaceutical companies and contract manufacturing organizations (CMOs) may struggle to find qualified personnel to operate and maintain the necessary equipment and processes.

Segment Information

Asia-Pacific Protein A Resin Market – By Application

Based on application, Asia-Pacific Protein A Resin Market is segmented into antibody purification and immunoprecipitation. Immunoprecipitation is an antigen affinity extraction technique. The antibodies are disabled on the agarose resin exterior in this technique, allowing for effective binding with specific antigens in the solution. Protein A Resin purifies proteins, antigenic molecules, and complexes by sandwiching purified antibodies. It also aids in the precipitation of antibodies from various complicated compounds.

Asia-Pacific Protein a Resin Market - By End User

Based on end user, the Asia-Pacific Protein A Resin Market is divided into pharmaceutical & biopharmaceutical companies, academic research institutes, and others. The Pharmaceutical & Biopharmaceutical Companies segment holds a significant share as the Asia-Pacific region is the home to a rapidly growing biopharmaceutical industry, which is increasing the demand for Protein A resin. Many leading pharmaceutical and biopharmaceutical companies are also expanding their operations in the region, which is further boosting the demand for Protein A resin. In addition, the increasing investment in R&D activities by academic research institutes and the governments are also expected to drive the growth of the Protein A resin market in the Asia-Pacific region.

Asia-Pacific Protein a Resin Market - By Country

China has emerged as a prominent participant in the global biopharmaceutical sector, and the country's demand for natural protein A resin has increased in the recent years. Natural protein consumption is increasing. The rising need for biopharmaceuticals, as well as the need for more efficient and cost-effective purification procedures, are driving the market for resin in China. China is one of the Asia-Pacific region's largest producers and consumers of biopharmaceuticals, and the country is heavily investing in biotechnology R&D. As a result, there is a rising demand for enhanced purification technologies that can boost biopharmaceutical product output and purity.

Impact of COVID-19 on Asia-Pacific Protein a Resin Market

The COVID-19 pandemic had an uneven impact on the Asia-Pacific protein A resin market. The pandemic spurred the demand for biopharmaceuticals, such as monoclonal antibodies, as well as protein A resin for their purification. The pandemic has also highlighted the importance of the biopharmaceutical industry in responding to public health emergencies, leading to increased investments in biopharmaceutical development and production in the region. The COVID-19 pandemic, on the other hand, adversely affected global supply chains, impacting the availability and cost of protein A resin in the Asia-Pacific region.

Competitive Landscape

Asia-Pacific Protein a Resin Market is highly competitive, with all the players continually competing to gain a larger market share. The key players are General Healthcare, Repligen Corporation, PerkinElmer, Inc, Thermo Fisher Scientific, Inc., Merck Millipore, Genscript Biotech Corporation, Agilent Technologies, Inc., Abcam plc, and Novasep Holdings SAS.

Don’t miss the business opportunity of the Asia Pacific Protein a Resin Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Asia Pacific Protein a Resin Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Asia Pacific Protein a Resin Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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