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"Protein Sequencing Market: Technology Advancements, Market Dynamics, and Future Prospects"

02-06-2023 09:24 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Protein Sequencing Market

Protein Sequencing Market

The protein sequencing market refers to the market for products and services related to the sequencing of proteins, including reagents, instrumentation, software, and sequencing services.

The protein sequencing market has seen significant growth in recent years, driven by advances in technology, the increasing demand for personalized medicine, and the growing need for a better understanding of the role of proteins in human health and disease. With the increasing availability of large-scale genomic data, there is a growing need for more accurate and cost-effective protein sequencing methods.

The global protein sequencing market is expected to grow at a significant rate in the coming years, driven by the increasing demand for personalized medicine, the growing need for a better understanding of the role of proteins in human health and disease, and the increasing availability of large-scale genomic data. The market is expected to be boosted by the increasing use of protein sequencing in drug development and the growing demand for protein sequencing in the food and agricultural industries.

Despite its rapid growth, the protein sequencing market is still relatively small compared to other healthcare markets, and there is a significant opportunity for growth in the future. Additionally, as the market continues to grow, it is likely that new technologies and innovations will emerge, further increasing the accuracy and efficiency of protein sequencing methods and reducing the cost of sequencing.

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Protein Sequencing Market Overview:

Increase in focus on target-based drug development and advancements in analytical techniques & mass spectrometry drive the global protein sequencing market. However, scarcity of skilled labor and laboratory professionals hinders the market growth. On the other hand, untapped potential in computational proteomics create new opportunities in the market.

Protein Sequencing Market Segmentation:

The reagents & consumables segment to contribute the highest share by 2026

Based on product & services, the reagents & consumables segment accounted for the highest market share in the global protein sequencing market, contributing to nearly three-fifths of the total market share in 2018, and is estimated to contribute the highest share in terms of revenue during the forecast period. This is due to increase in usage of different types of kits, reagents, and others to carry out protein sequencing. However, the protein sequencing services segment is expected to register the highest CAGR of 8.3% from 2019 to 2026. This is attributed to surge in usage for research and development activities.

The Edman degradation segment to maintain its lead position during the forecast period

Based on technology, the Edman degradation segment accounted for nearly three-fifths of the total market share of the global protein sequencing market in 2018, and is estimated to maintain its lead position during the forecast period. This is due to surge in usage of the technique to decode peptide sequences. However, the mass spectrometry segment is expected to maintain the highest CAGR of 8.5% from 2019 to 2026, owing to its ability to offer rapid, accurate sequencing in lesser time.

North America to dominate in terms of revenue throughout the forecast period

Based on region, North America held the largest market share based on revenue, accounting for nearly one-third of the global protein sequencing market in 2018, and is expected to dominate throughout the forecast period. This is due to technological advancements in sequencing platforms and rise in implementation of protein sequencing in this region. However, Asia-Pacific is expected to contribute the highest CAGR of 9.2% from 2019 to 2026, owing to rise in awareness and surge in demand for protein sequencing.

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Protein Sequencing Market: By Region Outlook

North America (U.S., Canada)

Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)

Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)

Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Important Questions Being Answered by the Protein Sequencing Market Report:

What is the Protein Sequencing market size and growth?

What are the prominent and latest trends impacting the market?

Which is the largest regional market for Protein Sequencing?

Key market players discussed in the Protein
Sequencing Market report include:

Bioinformatics Solutions Inc.,

Charles River Laboratories,

Agilent Technologies, Inc.,

Proteome Factory Rapid Novor Inc.,

Selvita,

SGS,

Shimadzu Corporation,

Thermo Fisher Scientific Inc.,

Waters Corporation.

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