Proteomics Market Expected to Reach $98.1 Billion by 2031

Proteomics Market Size was valued at $23,654.34 million in 2021, and is projected to reach $98,051.83 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031. Proteomics studies the interactions, functions, compositions, and structures of proteins and their cellular activities. Proteomics provides a better understanding of the structure and function of the organism than genomics. It has the capacity to explain questions that were unsolved by genomics, as proteins are the functional unit of cells. It is estimated that there are almost one million human proteins, many of which contain some modifications such as post-translational modifications (PTMs). However, it is also estimated that the human genome codes for about 26000-31000 proteins for an average of three proteins, one gene can code for several protein products, whereas some genes code only for RNA. Even with improved genome analysis, computation alone is simply not enough to generate an accurate gene number.

List of Key Players

Li-Cor Inc, Horiba Ltd., Bruker Corporation, Merck KGaA, Danaher Corporation, Bio-Rad Laboratories Inc, Perkin Elmer Inc, Agilent Technologies Inc., Waters Corporation, Thermo Fisher Scientific Inc.

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For instance, in June 2022, Bruker Corporation announced the further evolution of the revolutionary 4D Multiomics timsTOF platform with the launch of the new timsTOF HT system. The timsTOF HT includes a novel 4th-generation TIMS (trapped ion mobility separation) XR cell and 14bit digitizer for even greater dynamic range, enhanced peptide coverage, and more accurate quantitation, particularly in unbiased 4D plasma and tissue proteomics and epiproteomics. However, high costs associated with proteomics components and a shortage of skilled professionals hamper the market growth. Conversely lucrative opportunities associated with biomarker identification and developments in mass spectrometry-based proteomics are expected to provide lucrative growth opportunities for the market.

The protein microarray segment generated the highest Proteomics Market Share in 2021, owing to high usage of this technology to track protein interactions in lesser time as compared to other technologies. Moreover, this method is labor-intensive and cost-effective. With the help of a protein array, comprehensive information about the DNA/RNA binding proteins can be made available. By reagents segment, immunoassays generated the highest revenue in 2021 in the proteomics market, as they are extensively utilized in primary screening in drug discovery and microarray technologies. On the basis of application, the drug discovery segment accounted for the majority share in 2021, owing to an increase in awareness about personalized medicines in both emerging and developed markets.

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North America held the largest share of nearly 40.0% of the total market in 2021, due to an increase in the popularity and adoption of personalized medicines, increasing investment in the development of structure-based drug design, growing research in the field of omics, and favorable government funding & initiatives to develop novel therapeutics. Moreover, the availability of a large number of key players and the surge in R&D activities in this region are the factors supporting the Proteomics Market Growth.

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