Protein Assays Market CAGR of 10.24% Forecast 2030

One of the four macromolecules that make up life is a protein. Carbohydrates, lipids, and nucleic acids make up the other three. All living things have proteins, which are made up of long chains of amino acids that fold into what are known as "hierarchical structures" to carry out specific tasks within their cells and tissues. Protein assay is an analytical method for determining the protein concentration in a solution. The protein assay is one of the methods that is most frequently used in life science research. Analytical science offers a wide variety of protein assays, but each type of assay is unique in its own right and has advantages and disadvantages of its own.

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Opportunities
The rise in the prevalence of chronic diseases surges the market growth
The rapid increase in the prevalence of chronic diseases such as cancer, cardiovascular diseases, diabetes, and others, coupled with the technological innovations and advancement in the protein assay technique, are expected to be significant growth factors for the protein assay market during the forecast period of the study, which further creates lucrative opportunities to grow. For instance, according to a World Health Organization (WHO) update from 2021, non-communicable diseases (NCDs) are responsible for the death of about 41 million people each year, accounting for 71 percent of all deaths worldwide. More than 15 million people die from an NCD between the ages of 30 and 69, with 85 percent of these "premature" deaths occurring in low- and middle-income countries.

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players operating in the protein assays market are:

BD (U.S.)
F. Hoffmann-La Roche Ltd (Switzerland)
Thermo Fisher Scientific Inc. (U.S.)
Bio-Rad Laboratories, Inc. (U.S.)
Novus Biologicals (U.S.)
Merck KGaA (Germany)
BioVision Inc (U.S.)
Cell Signaling Technology, Inc. (U.S.)

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