Press release
Protein Sequencing Market Growth Driven by Increased Investments in Proteomics and Biopharmaceutical Sector Expansion
Protein Sequencing Market
The biopharmaceutical sector's rapid growth is further driving the demand for protein sequencing. By 2021, the global biopharma market was valued at over $290 billion, with biologics accounting for more than 30% of new drug approvals. Protein sequencing plays an essential role in the research and manufacturing of biologics, including monoclonal antibodies, and is crucial in identifying therapeutic targets, as well as ensuring drug safety and quality.
Advancements in clinical mass spectrometry and other analytical techniques are also contributing to the market's expansion. Funding from organizations like the National Cancer Institute's Office of Cancer Clinical Proteomics Research is supporting these innovations, providing a strong foundation for future growth.
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Rising Genetic Disorders Drive Market Expansion
The increase in genetic disorders is expected to fuel the protein sequencing market's growth in the coming years. Genetic diseases, caused by mutations in DNA, are becoming more prevalent, with over 30,000 children and babies diagnosed with genetic conditions annually in the UK alone. Protein sequencing helps identify genetic variants and protein biomarkers that are linked to these diseases, aiding in early diagnosis and treatment. This is expected to lead to continued demand for protein sequencing technologies and services.
Challenges: High Costs Hindering Market Growth
Despite its growth, the protein sequencing market faces challenges, primarily due to the high costs of instruments and services. Advanced sequencing technologies are expensive, and many research institutions, especially in developing countries, may struggle to afford them. Additionally, the operating costs, including maintenance, reagents, and training, can be prohibitive for smaller organizations and startups. To ensure broader adoption, efforts to reduce costs and improve user familiarity with the technology are essential.
Market Insights: Biotherapeutics and Genetic Engineering Leading Growth
The protein sequencing market is segmented into applications like biotherapeutics, genetic engineering, and other areas. In 2023, biotherapeutics held the largest market share due to the growing focus of pharmaceutical companies on developing new therapeutic proteins, especially monoclonal antibodies. These proteins are crucial in treating conditions like cancer and autoimmune diseases. The increasing demand for personalized medicine is further driving this segment, as accurate protein sequencing is vital for identifying biomarkers and tailoring treatments to individual patients.
Genetic engineering is another key application expected to see strong growth in the coming years. With increased investment in biotechnology and pharmaceutical research, the need for precise protein characterization has grown, particularly for the development of genetically altered proteins used in therapeutic applications such as vaccines and monoclonal antibodies. The rise of customized medicine, where treatments are tailored to a patient's genetic profile, is further fueling the demand for protein sequencing in genetic engineering.
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Protein Sequencing Top Companies and Competitive Landscape
The industry for protein sequencing has a highly competitive landscape due to the innovation in biotechnology and growing demand for personalized medicine. Innovation leaders and product developers in this market are Thermo Fisher Scientific, Agilent Technologies, and SGS S.A. Other companies that play an equally significant role in the industry include Waters Corporation and Bio-Rad Laboratories.
Sustaining Competition in the area of technological advancements, changing regulatory requirements, and increasing calls for research and development requires companies to improve their competencies and offerings to meet the changing needs of the life sciences market.
In October 2023, Thermo Fisher Scientific, Inc. bought Olink, a firm that provides next-generation proteomics. This acquisition sought to improve Thermo Fisher's protein sequencing and biomarker discovery capabilities by leveraging Olink's unique Proximity Extension Assay technology. This integration, which includes a library of more than 5,300 verified protein biomarkers, is intended to speed advances in life sciences research and precision medicine.
Some of the key companies in the global Protein Sequencing Market include:
Thermo Fisher Scientific, Inc.
Shimadzu Corporation
Agilent Technologies
SGS S.A.
Rapid Novor
Charles River Laboratories
Bioinformatics Solutions
Proteome Factory
Selvita
Protein Sequencing Latest Industry Updates
In June 2023, Agilent Technologies Inc. has introduced two new liquid chromatography-mass spectrometry systems to improve protein sequencing capabilities. The Agilent 6495D LC/TQ system is designed for high-sensitivity focused analysis, which improves efficiency while handling large sample quantities. Meanwhile, the Agilent Revident LC/Q-TOF system has advanced design and intelligence, allowing for untargeted investigations in protein sequencing and other applications. Both technologies are backed by new software tools, MassHunter Explorer and ChemVista, which make data exploration easier and increase overall productivity in proteomics research.
In May 2022, Amphista Therapeutics has established a collaboration with Bristol-Myers Squibb to find and develop small-molecule protein degraders.
In January 2022, Amgen cooperated with Generate Biomedicines to identify and advance protein-based therapies across different fields.
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Protein Sequencing Market Segmentation Analysis
Product & Service Outlook (Revenue, USD Million; 2020-2033)
Sample Preparation Products & Services
Protein Sequencing Products
Reagents & Consumables
Instruments
Mass Spectrometry Instruments
Edman Degradation Sequencers
Analysis Products/Software
Protein Sequencing Services
Technology Outlook (Revenue, USD Million; 2020-2033)
Edman Degradation
Mass Spectrometry
Application Outlook (Revenue, USD Million; 2020-2033)
Biotherapeutics
Genetic Engineering
Other Applications
End User Outlook (Revenue, USD Million; 2020-2033)
Academic Institutes & Research Centers
Pharmaceutical & Biotechnology Companies
Other End Users
Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Latest Published Reports by Emergen Research:
Protein Sequencing Market Size @ https://www.emergenresearch.com/industry-report/protein-sequencing-market/market-size
Protein Sequencing Market Share @ https://www.emergenresearch.com/industry-report/protein-sequencing-market/market-share
Protein Sequencing Market Trends @ https://www.emergenresearch.com/industry-report/protein-sequencing-market/market-trends
Protein Sequencing Regional Market Demand @ https://www.emergenresearch.com/industry-report/protein-sequencing-market/regional-market-demand
Protein Sequencing Market Analysis @ https://www.emergenresearch.com/industry-report/protein-sequencing-market/market-analysis
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