Protein Sequencing Market Set to Reach $2.76 Billion by 2029 with 10.1% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the Protein Sequencing Market?
The protein sequencing market has seen rapid growth in recent years. It will grow from $1.7 billion in 2024 to $1.88 billion in 2025, at a CAGR of 10.5%. The growth is due to increased demand for research, medical diagnostics, pharmaceutical development, agricultural applications, forensic analysis, biomarker discovery, and studies on genetic evolution.

The protein sequencing market is expected to see rapid growth in the coming years, growing to $2.76 billion by 2029 at a CAGR of 10.1%. Factors contributing to this growth include the integration of clinical genomics, expansion in agricultural genomics, drug safety, pharmacogenomics, prenatal and newborn screening, and environmental DNA analysis. Major trends include the increasing use of next-generation sequencing, expanded applications in clinical diagnostics, rising investments in genomics research, and growing use in personalized medicine.

What Are the Forces Behind the Rapid Growth of the Protein Sequencing Market?
The rising prevalence of genetic illnesses is anticipated to drive the expansion of the protein sequencing market in the coming years. A genetic illness refers to any condition resulting from mutations or abnormalities in an individual's DNA. The increasing occurrence of genetic disorders stems from inherited genetic traits or spontaneous mutations. Protein sequencing plays a crucial role in identifying specific genetic variations that cause diseases, aiding in the detection of protein biomarkers, which serve as indicators of particular medical conditions. For instance, in April 2023, according to the United States National Library of Medicine, a US-based medical library, the number of new genetic tests conducted in the United States rose from approximately 1,000 in 2021 to nearly 3,000 in 2022. Consequently, the rise in genetic illnesses is fueling the growth of the protein sequencing market.

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Who Are the Dominant Companies Influencing Protein Sequencing Market Trends?
Major companies operating in the protein sequencing market are F Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck KGaA, Eurofins Scientific SE, Illumina Inc., Beckman Coulter Inc., PerkinElmer Inc., BGI Group, LGC Limited, GenScript Biotech Corporation, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., GENEWIZ Inc., Quintara Biosciences Inc., Source BioScience plc, Microsynth AG, Fasteris SA, GenHunter Corporation, Nucleics Pty Ltd., SciGenom Labs Pvt Ltd., StarSEQ GmbH, GATC Biotech AG, Agilent Technologies Inc., CeMIA SA

How Is the Protein Sequencing Market Evolving?
Major companies in the protein sequencing market are introducing cutting-edge products such as upgraded sequencing kits to gain a competitive advantage. Sequencing kits include essential reagents and materials for sample preparation and sequencing analysis. For instance, in February 2024, Quantum-Si, a US-based protein sequencing company, launched the Protein Sequencing Kit V2 as an enhancement to its Platinum protein sequencing platform. The updated kit features an improved assay, a new amino acid recognizer, and advanced analytical tools for identifying unknown proteins. These upgrades enhance sequencing performance, increase reproducibility, and significantly reduce the per-amino-acid sequencing cost.

What Are the Different Segmentations in the Protein Sequencing Market?
The protein sequencing market covered in this report is segmented -

1) By Product And Service: Protein Sequencing Products, Protein Sequencing Services
2) By Application: Bio-Therapeutics, Genetic Engineering, Other Applications
3) By End User 3: Pharmaceutical And Biotechnology Companies, Other End-Users

Subsegments:
1) By Protein Sequencing Products: Sequencing Kits, Reagents, Instruments, Consumables
2) By Protein Sequencing Services: Custom Protein Sequencing, Analytical Protein Sequencing, Bioinformatics Services, Proteomics Services

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Which Region Is at the Forefront of the Protein Sequencing Market?
North America was the largest region in the protein sequencing market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the protein sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Protein Sequencing Global Market Report?

- Market Size Analysis: Analyze the Protein Sequencing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Protein Sequencing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Protein Sequencing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Protein Sequencing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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