Global Green Fluorescent Protein Market, By Type (dsRed, eqFP611, Dronpa, TagRFPs, KFP, EosFP/IrisFP, Dendra), Application (Transcription Reporter, Förster Resonance Energy Transfer, Split EGFP, Biosensors, Cell Marking and Cell Selection, Fluorescence, Purification) - Industry Trends and Forecast to 2030.
Green Fluorescent Protein Market Analysis and Size
The increasing demand for green fluorescent protein (GFP), assay kits in various industries such as electronics, automotive, healthcare, and construction and expansion of the use of these kits in different sectors is attributed to market growth. The major market players are highly focusing on product launches during this crucial period. In addition, the government and regulatory bodies are supporting market players with product approval due to surging emergence. The market is supportive and aims to witness steady growth.
Data Bridge Market Research analyses that the global green fluorescent protein market was valued at USD 328.19 million in 2022 and is expected to reach USD 589.37 million by 2030, and is expected to grow at a CAGR of 7.83% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Green Fluorescent Protein Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (dsRed, eqFP611, Dronpa, TagRFPs, KFP, EosFP/IrisFP, Dendra), and Application (Transcription Reporter, Förster Resonance Energy Transfer, Split EGFP, Biosensors, Cell Marking and Cell Selection, Fluorescence, and Purification)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Biocompare (U.S.), Merck KGaA (Germany), Novus Biologicals (U.S.), COSMO BIO co., ltd. (Japan), Bio-Rad Laboratories, Inc. (U.S.), Sino Biological Inc. (China), General Electric (U.S.), AnaSpec, Inc. (U.S.) and Takara Bio Inc (Japan)
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Market Opportunities
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Market Definition
The green fluorescent protein is a protein which create bright green light when it is exposed to the light and mainly help the “Aequorea Victoria Jellywish” to glow. It is also used as the visual tag for the expression of other gene. It usually consist of 238 amino acids in which three of them form a structure that emits visible green fluorescent light. Purification, biosensors, cell marking and selection, transcription reporter among others are some of the application of green fluorescent protein.The stable and non-toxic nature of the green fluorescent protein and technological development for the launch of new products are the key factors driving the market growth.
Global Green Fluorescent Protein Market Dynamics
Drivers
- Wide Applications of Green Fluorescent Protein
The green fluorescent protein has been recognized as a marker in intact cells for gene expression and protein targeting. In biological studies, it is extensively used as genetically encoded fluorescent markers which enables multicolor labelling. It is used in the study of interactions between proteins.
It has multiple application including as reporter gene, active indicator, fusion tag in biological studies which is acting as a driver for the growth of the market.
- Advantages Associated with Green Fluorescent Protein
The biggest advantage of green fluorescent protein is that it can be heritable, depending on how it was introduced, allowing for continued study of cells and tissues it is expressed in. The visualizing green fluorescent protein is non-invasive. It requires only illumination with blue light. Moreover, if used with a monomer it is able to diffuse readily throughout cells.
Therefore the advantages associated with green fluorescent protein is expected to act as a driver for the growth of the market.
Opportunities
- Advancements in Biomedical Research
The growth of the green fluorescent protein market could lead to breakthroughs in understanding various biological processes and diseases. Researchers can use GFP to track cellular activities, protein localization, and interactions, which could lead to discoveries in areas like cancer research, neurobiology, and immunology.
- Drug Discovery and Development
GFP technology can play a crucial role in drug discovery by enabling the visualization of drug interactions within cells and tissues. As the GFP market expands, more efficient and effective drug screening methods could emerge, potentially accelerating the development of new therapeutic agents.
Restraint/ Challenge
- Limitations of green fluorescent protein
It is necessary that each fusion protein be tested for its functionality in vivo because green fluorescent protein tag is so relatively large that affect the function of fused protein which is of interest.
The signal cannot be amplified in a controlled manner, possibility preventing detection of low expression levels. Hence, these limitations may hamper the growth of the market.
This global green fluorescent protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global green fluorescent protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Green Fluorescent Protein Market Scope
The global green fluorescent protein market is segmented into two notable segments based on type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- dsRed
- eqFP611
- Dronpa
- TagRFPs
- KFP
- EosFP/IrisFP
- Dendra
Application
- Transcription Reporter
- Förster Resonance Energy Transfer
- Split EGFP
- Biosensors
- Cell Marking and Cell Selection
- Fluorescence
- Purification
Global Green Fluorescent Protein Market Regional Analysis/Insights
The global green fluorescent protein market is analyzed, and market size insights and trends are provided based on type and application as mentioned above.
The countries covered in this market report are the U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa
North America is expected to dominate the global green fluorescent protein market due to increase in the research and development activities in biomedical field.
Asia-Pacific is the expected region in terms of growth in green fluorescent protein market due to rise in the technological advancements and modernization in the healthcare techniques and rise in the research and development activities in the healthcare sector in this region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Green Fluorescent Protein Market Share Analysis
The global green fluorescent protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the green fluorescent protein market.
Some of the major players operating in the global green fluorescent protein market are:
- Thermo Fisher Scientific Inc. (U.S.)
- Biocompare (U.S.)
- Merck KGaA (Germany)
- Novus Biologicals (U.S.)
- COSMO BIO co., ltd. (Japan)
- Bio-Rad Laboratories, Inc. (U.S.)
- Sino Biological Inc. (China)
- General Electric (U.S.)
- AnaSpec, Inc. (U.S.)
- Takara Bio Inc (Japan)
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