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Unlocking Protein Secrets: Protein Chip Market Dissects Key Growth Segments, Market Share Analysis, Technological Trends, and Forecast for Unrivaled Expansion
Protein Chip Market
As per the report, the protein chip market size has grown strongly in recent years. It will grow from $1.50 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The protein chip market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Impact Of Personalized Medicine On The Protein Chip Market
The growing demand for personalized medicine is expected to propel the growth of the protein chip market. Personalized medicine refers to a medical care philosophy that aims to tailor medicines and interventions to the particular requirements of each patient. Personalized medicine has emerged due to the rapid growth of 'omics' technology, data integration, genetics, and an awareness of the significance of tailored patient-specific medications and preventive actions. Protein chips offer a powerful platform for advancing personalized medicine by enabling comprehensive proteomic analysis, facilitating biomarker discovery, improving drug development and response understanding, and supporting the creation of personalized therapeutic strategies. For instance, in October 2022, according to the Personalized Medicine Coalition's latest estimates, more than 75,000 genetic testing products and 300 personalized medicines are on the market for people with multiple types of cancer, genetically rare diseases, and a range of chronic and infectious diseases. Furthermore, in 2022, according to the Personalized Medicine Coalition, a US-based professional membership organization, 12 new customized medications were approved, accounting for around 34% of all newly approved treatments, a significant increase over prior years. Therefore, the growing demand for personalized medicine drives the growth of the protein chip market.
Automated Parallel Capillary Electrophoresis Systems Transforming Protein Analysis In The Protein Chip Market
Major companies operating in the protein chip market are developing innovative products, such as automated parallel capillary electrophoresis systems, to strengthen their position in the market. Automated parallel capillary electrophoresis systems are advanced analytical instruments for high-throughput separation and analysis of biomolecules, particularly proteins and nucleic acids. For instance, in January 2024, Agilent Technologies Inc., a US-based manufacturer of advanced analytical, research, and diagnostic tools for laboratories, launched the new ProteoAnalyzer system, a new automated parallel capillary electrophoresis device for protein analysis. Its unique features include cutting-edge algorithms for precise protein identification and characterization, enabling researchers to delve deeper into complex biological systems with unprecedented accuracy and efficiency. The system boasts enhanced data visualization tools, facilitating the intuitive interpretation of results and accelerating insights into cellular processes. It also offers seamless integration with existing workflows, ensuring smooth adoption and maximizing productivity in proteomics laboratories.
The protein chip market covered in this report is segmented -
1) By Product: Lab-On-Chip, Integrated System, Arrayers, Microarrays System
2) By Technology: Analytical Microarrays, Functional Protein Microarrays, Reverse Phase Protein Microarrays
3) By Application: Diagnostics, Proteomics, Antibody Characterization
4) By End User: Hospitals And Clinics, Academic And Research Institutes, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies
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Major companies operating in the protein chip market are Thermo Fisher Scientific Inc., GE Healthcare LLC, Roche Diagnostics GmbH, Agilent Technologies Inc., Illumina Inc., Sigma-Aldrich Corporation (Merck), PerkinElmer Inc., Shimadzu Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Surmodics Inc., Quotient Limited, OriGene Technologies Inc., RayBiotch Inc., Sengenics Corporation Pte Ltd., Gyros Protein Technologies AB, Innova Biosciences Limited, Innopsys S.A., CDI Laboratories Inc., Microarrays Inc., Full Moon BioSystems Inc., Arrayit Corporation, Biotech Support Group LLC
Contents of the report:
1. Executive Summary
2. Protein Chip Market Report Structure
3. Protein Chip Market Trends And Strategies
4. Protein Chip Market - Macro Economic Scenario
5. Protein Chip Market Size And Growth
…..
27. Protein Chip Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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