Description :
Protein labeling is a process in biological research that uses molecular labels to create covalent bonds with the protein of interest . This helps in the detection and purification of the labeled protein and / or its binding associates . The process is carried out with the use of different labels such as , biotin , reporter enzymes , monoclonal antibodies , fluorophores , radioactive isotopes , and other tags . Specific labels are used to target a particular protein or nucleotide sequence and the labeling strategy is carefully selected and completed for each application . This process is helpful to identify proteins in tissues , cells , samples , and biochemical assays . The increase in healthcare and R & D expenditure and progress in proteomics research primarily drive the protein labeling market .
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This market is estimated to reach $ 5,350 million by 2022 from $ 2,002 million in 2015 , growing at a significant CAGR of 14.9 % during the forecast period . Moreover , government investments on healthcare and R & D on the increase in the use of proteomics , and other applications such as diagnostics and therapeutics are expected to drive the market . However , lack of skilled professionals and accelerated market consolidation is expected to restrict the market growth .
The growth in competition has led to collaborations and product launch by major players in the protein labeling market . For instance , in September 2016 , Kaneka Corporation ’ s subsidiary , Eurogentec S . A . signed an agreement with Koram Biotech Corp . ( KBC ), one of the largest life science reagent and services companies in South Korea , to be the new distributor for its products . This collaboration has helped Kaneka to make a smooth entry in the South Korean market . Likewise , in June 2016 , F . Hoffmann-LA Roche AG ( Roche ) launched a new product , Cobas E 801 module , a high-volume testing immunoassay solution that had high flexibility and continuous operation , which saves time and reduces the amount of waste generated during the process .
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The global protein labeling market report provides an extensive analysis of the current market trends and future estimations prevailing in the market . The market estimations from 2014 to 2022 are based on high-end analysis of the key developments . The market scenario is comprehensively analyzed with respect to the application , product type , labeling method , and end users . Recent developments and key manufacturers are listed and analyzed to understand the competitive market scenario .
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