Protein Characterization And Identification Market Insights, Size, Forecast, Growth, Trends 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Protein Characterization And Identification Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The protein characterization and identification market size has grown rapidly in recent years. It will grow from $16.89 billion in 2023 to $19.41 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to growth in proteomics research, focus on disease mechanisms, bioinformatics integration, protein structure determination, genomics to proteomics transition..

The protein characterization and identification market size is expected to see rapid growth in the next few years. It will grow to $34.41 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to demand for bioinformatics solutions, rise in biopharmaceuticals, precision medicine growth, increased research funding, biomedical research expansion.. Major trends in the forecast period include mass spectrometry advancements, proteomics in drug development, advancements in chromatography, automation and high-throughput methods, bioinformatics integration..

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Market Segmentation:
The protein characterization and identification market covered in this report is segmented -

1) By Product Type: Consumables, Instruments, Services
2) By Application: Drug Discovery And Development, Clinical Diagnosis
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Research Institutions, Contract Research Organizations, Other End Users

Major Driver - Rising Drug Development Activities Boost Protein Characterization And Identification Market

The increasing drug development activities are driving the protein characterization and identification market. The process of introducing a novel therapeutic molecule into clinical use is known as drug development. It is necessary to determine exact protein quantities when developing a biopharmaceutical drug and other research projects, that is possible through protein characterization and identification. The protein content must be measured with the highest accuracy and precision because it is fundamental for determining the drug product's dose and quantifying most other critical quality attributes. For instance, according to a 2021 report published by the IQVIA Institute for Human Data Science, a US-based organization specializing in advancing human health, 66 new active substances (NAS) were launched for the first time globally in 2020. 40% of NASs were developed and introduced by emerging biopharma businesses in 2020. Therefore, the increasing drug development activities propel the protein characterization and identification market.

Competitive Landscape:

Major companies operating in the protein characterization and identification market report are Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, General Electric Company, The Merck Group, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation, Promega Corporation, Sartorius AG, Analytik Jena AG, Sigma-Aldrich Corp., Creative Proteomics, Cleaver Scientific, Genedata AG, Proteome Sciences plc, Selvita S.A., Eurofins Scientific SE, Charles River Laboratories International Inc., WuXi AppTec, Eurogentec S.A., Protea Biosciences Group Inc., Bioinformatics Solutions Inc., Biognosys AG, Bioproximity LLC, Biotech Support Group LLC, Biodesix Inc., SGS SA .

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Top Trend - Product Innovation Transforms The Protein Characterization And Identification Market

Product innovation is a key trend in the protein characterization and identification market. Major players in the market are developing innovative solutions to sustain in the market. For example, in January 2023, SCIEX, a US-based life science analytical technologies company, launched the Fast Glycan Labeling and Analysis kit and a software upgrade for the Biologics Explorer program. Biologics Explorer software 3.0 produces high sequence coverage and gives users a better understanding of the protein's crucial alteration sites. The Fast Glycan Labeling and Analysis kit provides reliable, consistent results while allowing for fast glycan heterogeneity characterization and identification. Both innovations are essential approaches for the quick and accurate characterization of biotherapeutics.

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Protein Characterization And Identification Market Characteristics
3. Protein Characterization And Identification Market Trends And Strategies
4. Protein Characterization And Identification Market - Macro Economic Scenario
5. Protein Characterization And Identification Market Size And Growth
…..
27. Protein Characterization And Identification Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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