The Global Protein Sequencing Market to Gain $8970.37 Million by 2028

An analysis by Triton Market Research on the global protein sequencing market, which generated $4741.38 million in 2018, is anticipated to progress at a CAGR of 6.78% by the year 2028.

A study by Triton Market Research with the title 'Global Protein Sequencing Market,' covers the Global Analysis and Forecast for 2019-2028 by Technology (Academia, Biotechnology Research, Biopharmaceuticals), by Product & Services (Protein Sequencing Services, Analysis Products, Reagents and Consumables, Instruments [Mass Spectrometry, Edman Degradation]), and by Geographical Region (Asia-Pacific, North America, Europe, Latin America, Middle East and Africa).

Protein sequencing refers to a process in which amino acids are removed from a protein strand's N-terminal end and then identified in the same order as they occur in the protein. It finds its applications in the life sciences sector.

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As per the report, the global protein sequencing market is likely to gain $8970.37 million by 2028, surging at a CAGR of 6.78% over the forthcoming period 2019-2028. The increased emphasis on target-based drug development is the basic factor driving the growth of the protein sequencing market. Also, the advancements in mass spectrometry and analytical techniques are also aiding the market growth. However, the lack of proficient researchers and laboratory professionals in the field of proteomics is restraining the growth of the global protein sequencing market.

Based on the technology, the protein sequencing market is divided into academia, biotechnology research and biopharmaceuticals segments. According to protein & services, the market is segmented as protein sequencing services, analysis products, reagents & consumables and instruments. Within the instrument segment, the market is bifurcated into mass spectrometry and Edman degradation.
Considering the regional landscape, Asia-Pacific will be the fastest-growing region for the protein sequencing market during the forecasted period. The growing investments and research partnerships of Chinese biotechnology companies with US institutions are a crucial factor driving the growth of the protein sequencing market in the region.

Likewise, North America is expected to be the largest protein sequencing market with the highest revenue in the world. The rising government programs in countries like Canada, promoting the life sciences segment, are contributing to product development and commercial success. These initiatives will aid the growth of the regional protein sequencing market.

Some of the prominent companies in the global protein sequencing market are Charles River, Takara Bio Inc, Selvita, Agilent Technologies Inc, Bruker, Shimadzu Corporation, Rapid Novor Inc, Thermo Fisher Scientific Inc, Bioinformatics Solutions Inc, Water Corporation, Proteome Factory and SGS SA.

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Question & Answer: Protein Sequencing Market

Question 1: Which are the key factors driving the growth of the protein sequencing market?
Answer: The increased emphasis on target-based drug development is the basic factor driving the growth of the protein sequencing market. Also, the advancements in mass spectrometry and analytical techniques are also aiding the market growth.

Question 2: What is restraining the growth of the global protein sequencing market?
Answer: The lack of proficient researchers and laboratory professionals in the field of proteomics is restraining the growth of the global protein sequencing market.

Question 3: How are Asia-Pacific and North America influencing the protein sequencing market outlook?
Answer: Considering the regional landscape, Asia-Pacific will be the fastest-growing region for the protein sequencing market during the forecasted period. The growing investments and research partnerships of Chinese biotechnology companies with US institutions are a crucial factor driving the growth of the protein sequencing market in the region.

Likewise, North America is expected to be the largest protein sequencing market with the highest revenue in the world. The rising government programs in countries like Canada, promoting the life sciences segment, are contributing to product development and commercial success. These initiatives will aid the growth of the regional protein sequencing market.

Question 4: Which are the prominent companies in the global protein sequencing market?
Answer: Some of the prominent companies in the global protein sequencing market are Charles River, Takara Bio Inc, Selvita, Agilent Technologies Inc, Bruker, Shimadzu Corporation, Rapid Novor Inc, Thermo Fisher Scientific Inc, Bioinformatics Solutions Inc, Water Corporation, Proteome Factory and SGS SA.

Related Report:
Global Drug Discovery Market

The global drug discovery market is predicted to reap a growth of $81395 million by 2027, surging at a CAGR of 8.28% over the estimated period 2019-2027.

The escalating geriatric population is likely to fuel the demand for drug discovery, thereby aiding the global market growth. Technological advancements, coupled with the rising healthcare expenditure, are contributing to drive the growth of the drug discovery market. In addition, the rising lifestyle-oriented diseases and the fatalities associated with them, are giving rise to an increased demand for a better healthcare system. This is also another major factor driving the market growth.

The considerable investments by the healthcare industries to improve Big Data analytical capabilities is likely to create more opportunities for the market. Besides, the growing demand for specialty medicines is expected to open a new horizon for the growth of the drug discovery market in the coming years.

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