Immunoprecipitation finds wide applications in the medical industry. They are also heavily employed in the research of various applications such as targeted protein purification, protein concentration, analysis of protein-protein interactions, identification or analysis of protein complexes, and analysis of protein or DNA. WIth rising activities in the research sector and advancements in the life sciences industry, the global immunoprecipitation market is forecasted to bolster during the projected time frame. There is an upsurge and rising need for quick and accurate diagnosis and identification of antigens associated with autoimmune diseases through antigen-antibody interaction which thus creates opportunities on a global scale for the market and its expansion. This is vital in understanding disease mechanisms and developing effective and relevant drugs targeting these diseases. Therefore, with rising consciousness, the need for these services is rising and is expected to accelerate the CAGR of the market during the forecast period.
Based on type, the immunoprecipitation market is segmented into individual immunoprecipitation, co-immunoprecipitation, chromatin immunoprecipitation and RNA immunoprecipitation. The individual immunoprecipitation segment is predicted to attain the largest market share and grow at the fastest CAGR during the projected time frame.
The increasing use of immunoprecipitation in the research of protein-protein interactions, antigen diagnosis, and to determine the relative quantity of an antigen are the driving factors for segment growth in various research studies during the forecast period.
By product type, the market is segmented into kits, reagents and accessories. The segment of kits is projected to grow at the fastest CAGR in the immunoprecipitation market during the forecast period. Growth in this market can be attributed to factors such as the requirement for the repurchase of kits coupled with the increasing number of IP assays to isolate and purify antigens.
Based on the region, North America holds a major market share in the immunoprecipitation market and is predicted to continue the same pattern during the forecast period. The substantial market share of this region can be attributed to rising integrated research in the field of genomics and proteomics, presence of numerous academic and research institutes, and the market characterised by established global players in this region. Asia Pacific will grow at a healthy CAGR due to rising awareness, boost in research activities and growth in the bio-chemicals industry.
Prominent market players include Thermo Fisher Scientific , Abcam , Bio-Rad Laboratories, Merck KGaA, GenScript, and BioLegend, Cell Signaling Technology , Rockland Immunochemicals , Takara Bio , and Geno Technology .
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Competitive Landscape:
● GenScript Biotech launched a contract development and manufacturing organization (CDMO) in Zhenjiang, China. This will help the company expand its presence in the Asia Pacific region
● Thermo Fisher Scientific opened its new global headquarters at Waltham, Massachusetts, which helped the company connect its global hub to centers of excellence around the world for real-time collaboration serving scientific and healthcare communities
Global Immunoprecipitation Market Segmentation:
By Type
● Individual Immunoprecipitation
● Co-Immunoprecipitation
● Chromatin Immunoprecipitation
● RNA Immunoprecipitation
By Product
● Kits
● Reagents
■ Antibodies
➢ By Type
○ Primary Antibodies
○ Secondary Antibodies
■ Beads
➢ By Type
○ Agarose Beads
○ Magnetic Beads
○ Buffers
● Accessories
By End User
● Academic & Research Institutes
● Pharmaceutical & Biotechnology Companies
● Contract Research Organizations
By Region
● North America
● Europe
● Asia Pacific
● Latin America
● Middle East & Africa
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Objectives of the Study:
● To provide with an exhaustive analysis on the global immunoprecipitation market by type, by product, by end-user, and by region
● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and the overall market
● To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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