Protein Sequencing Market Size is Projected to Attain USD 9.92 Billion by 2026

Allied Market Research published a report, titled, "Protein Sequencing Market by Product and Service (Reagents & Consumables, Instruments, Analysis Products, Protein Sequencing Services, and Others), Technology (Mass Spectrometry, and Edman Degradation), and Application (Academia Research, Biopharmaceuticals and Biotechnology Research): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global protein sequencing industry garnered $5.39 billion in 2018, and is estimated to generate $9.92 billion by 2026, growing at a CAGR of 7.8% from 2019 to 2026.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/request-sample/5633

The global protein sequencing market is driven by an increased focus on target-based drug development and advancements in analytical techniques, notably mass spectrometry. However, market growth is hindered by a scarcity of skilled labor and laboratory professionals. Conversely, untapped potential in computational proteomics presents new avenues for market expansion.

In terms of technology, the Edman degradation segment dominated the global protein sequencing market in 2018, accounting for nearly three-fifths of the total market share. It is projected to maintain its leading position due to its widespread use in decoding peptide sequences. Nevertheless, the mass spectrometry segment is anticipated to witness the highest compound annual growth rate (CAGR) of 8.5% from 2019 to 2026, owing to its capability to provide rapid and accurate sequencing in less time.

Regarding product and services, the reagents and consumables segment held the highest market share in 2018, contributing to almost three-fifths of the total market share. This dominance is expected to persist during the forecast period due to the increased utilization of various kits and reagents for protein sequencing purposes. However, the protein sequencing services segment is forecasted to register the highest CAGR of 8.3% from 2019 to 2026, driven by heightened demand for research and development activities.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐒𝐞𝐪𝐮𝐞𝐧𝐜𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 :

By product & service, the reagent & consumables segment accounted for the highest market share of 57% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
By region, North America was the major shareholder and accounted for the highest share of 40% in 2018.
By application, the biopharmaceuticals segment is expected to grow at a CAGR of 8.5% during the forecast period.
By end user, the biotechnology & pharmaceutical company segment dominated the market in 2018 and is anticipated to maintain its dominance during the forecast period.

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 @ https://www.alliedmarketresearch.com/connect-to-analyst/5633

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬
Bioinformatics Solutions Inc.
Charles River Laboratories
Agilent Technologies, Inc.
Proteome Factory
Rapid Novor Inc.
Selvita
SGS
Shimadzu Corporation
Thermo Fisher Scientific Inc.
Waters Corporation

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞- https://www.alliedmarketresearch.com/protein-sequencing-market

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