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Global Proteomics Market Size to Reach USD 72.9 billion by 2028 | Key Players Analysis, Share, Demands, Trends and Future Outlook

06-07-2023 01:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Proteomics Market

Proteomics Market

The global proteomics market size is projected to reach USD 72.9 billion by 2028 from 36.8 billion in 2023, at a CAGR of 14.6% during the forecast period. Factors such as increasing government funding for R&D projects to develop new therapeutics and protein-based drugs and the growing demand for personalized and efficient therapeutics, support the demand for proteomics products & services, and drive the market growth at a faster pace.

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Lists of Companies Profiled in the Report:

Thermo Fisher Scientific, Inc. (US)
Agilent Technologies, Inc. (US)
Merck KGaA (Germany)
Danaher Corporation (US)
Waters Corporation (US)
Bio-Rad Laboratories, Inc. (US)
Bruker Corporation (US)
PerkinElmer Inc. (US)
Shimadzu Corporation (Japan)
Illumina, Inc. (US)
Promega Corporation (US)
Eurofins Scientific (Luxembourg)
QIAGEN N.V. (Germany)
Charles River Laboratories (US)
Protagene Protein Services (Germany)
Creative Proteomics (US)
HORIBA Corporation (Japan)
Sengenics (Singapore)
Biomax Informatics AG (Germany)
WuXiNextCode (China)
FIOS Genomics (UK)
Genewiz (US)
Medgenome Labs (India)
Biognosys AG (Switzerland)
Macrogen Inc. (South Korea)

The proteomics market refers to the industry involved in the study of proteins, including their structure, function, interactions, and expression patterns. Proteomics plays a crucial role in understanding biological systems, disease mechanisms, drug discovery, and personalized medicine. The market encompasses various technologies, tools, and services used for protein analysis and characterization.

Key aspects and applications of the proteomics market include:

Protein Identification and Characterization: Proteomics involves the identification and characterization of proteins, including their amino acid sequences, post-translational modifications, and protein-protein interactions. Techniques such as mass spectrometry, protein microarrays, and gel electrophoresis are utilized for protein analysis and profiling.

Biomarker Discovery: Proteomics plays a significant role in biomarker discovery, which involves the identification of specific proteins or protein patterns that can serve as indicators of disease presence, progression, or response to treatment. Biomarkers have applications in early disease diagnosis, patient stratification, and monitoring therapeutic interventions.

Drug Discovery and Development: Proteomics is instrumental in drug discovery and development. It helps identify protein targets for drug intervention, understand protein-drug interactions, and evaluate the efficacy and safety of drug candidates. Proteomic technologies also facilitate the study of drug resistance mechanisms and personalized medicine approaches.

Clinical Proteomics: Clinical proteomics focuses on the application of proteomic technologies in clinical settings, including diagnostics, prognostics, and therapeutics. It aims to improve disease diagnosis, patient stratification, treatment selection, and monitoring of therapeutic response.

Functional Proteomics: Functional proteomics explores the functions and activities of proteins within biological systems. It involves techniques such as protein-protein interaction analysis, protein localization studies, and protein activity assays. Functional proteomics helps elucidate the roles of proteins in cellular processes and disease mechanisms.

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The proteomics market is expected to grow steadily in the coming years due to ongoing advancements in technology, increasing research funding, and the expanding applications of proteomic technologies in various fields. Additionally, the integration of proteomics with other omics technologies, such as genomics and metabolomics, is likely to further enhance its potential in understanding complex biological systems and disease mechanisms.

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