Global X-ray Crystallography Market- Industry Analysis, Growth, Segmentation and Fortecast-2019-2027

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Jul 23, 2021

The global market for X-ray crystallography was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.

Global X-ray Crystallography Market
Global X-ray Crystallography Market Introduction and Overview

With advances of structural biology in the drug discovery process, detailed structural information for the screening of hits into leads or drug candidates has become possible. X-ray Crystallography has proven to be a key tool in this respect, as it is able to provide comprehensive structural information of a ligand with the pharmacological target. With the emergence of Fragment based drug discovery, X-ray crystallography has become a powerful screening technology, thereby driving the market growth.

Rising prevalence of dreadful diseases is leading to adoption of various new techniques such as protein therapeutics. Advancements in crystallization instruments and increasing use of protein crystallisation for membrane protein structure determination is expected to grow the market demand. The technique has led to many biological discoveries such as organic and organometallic compounds. New areas of application of the technique have broadened the scope of market. X-ray crystallography is the reason for advancements of new drug like molecules in the field of drug discovery. Moreover, conferences and scientific exhibitions are proving to be a great platform for scientists, companies and manufacturers to introduce their research work, ongoing projects and products to the market customers.

Lack of skilled physicians and high cost of technique are major restraints for the market.

The report has profiled fourteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.
Global X-ray Crystallography Market Segment Analysis

By end-user segment, pharmaceutical companies dominated the market with a total value of $403.7 million in 2019, owing to the rising demand for drugs and protein based therapeutics. Constant investments by companies to expand their manufacturing facilities is positively affecting the market. Progress in the field of personalized medicines and increasing disease prevalence are also aiding to market growth. The growing investments and government funds are encouraging companies to design more efficient and reliable products and also a better supply chain. A rise in FDA approvals, is expected to fuel the market. In 2019, 49 drugs were approved by FDA and 15 drugs up to April 2020. Increasing number of clinical trials have created growth opportunities, thereby helping the market to grow.

Global X-ray Crystallography Market

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Global X-ray Crystallography Market Segmentation

The Global X-ray crystallography market is segmented based on-
Types of Devices

• X-ray crystallography Diffractometers
• X-ray crystallography Reagents
• X-ray Optics
• CCD (Charged Coupled Devices) Detectors
• Cryoprotectants

• Pharma Companies
• Life Science and Biotechnology companies
• Hospitals and Research labs
• CROs
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Global X-ray Crystallography Market Regional Insights

Global X-ray Crystallography Market1

According to country-wise analysis, North America had a market share of 39.5% in 2019. The rise in investments in health care sector, structure based drug designs, increasing population, presence of major players in the region and growing clinical trials are driving the market. Well-developed healthcare infrastructure, government funding for drug development drive are increasing market growth.

Europe contributes to the second largest share in the X-ray Crystallography market. Technological advancements along with adoption of new treatments are elevating the market.

APAC market is primarily driven by the factors such as growing population, large patient pool, availability of new drugs and developing healthcare infrastructure. Attention of stakeholders on new protein based therapies is also growing the market.
Key players of the Global X-ray Crystallography market

• Thermo Fisher Scientific
• Rigaku Corporation
• Bruker Corporation
• Anton Paar GmbH
• Danaher Corporation
• MiTeGen LLC
• PerkinElmer, Inc
• Spectris
• Molecular Dimensions
• Olympus corporation
• Charles River Laoratories International Inc
• Merck KGaA
• Shimazdu Corp
• Tecan Group Ltd

The report also helps in understanding Global X-ray Crystallography market dynamics, structure by analysing the market segments and project the Global X-ray Crystallography market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global X-ray Crystallography market make the report investor’s guide.

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Articles authored by  sandip jagtap

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