Press release
Protein Microarray Market Poised for 9& Growth, Set to Hit $4.02 Billion by 2029
How Is the Protein Microarray Market Projected to Grow, and What Is Its Market Size?In recent years, the protein microarray market has seen a robust growth. Its size is expected to escalate from $3.92 billion in 2024 to $4.3 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%. The growth experienced in the past can be associated with the rising demand for personalized medicine, increase in the occurrence of chronic diseases, expansion of the biotechnology industry, heightened awareness of early disease detection, and an increase in drug discovery and development endeavours.
The growth of the protein microarray market appears to be robust in the coming years. By 2029, its value is predicted to reach $6.13 billion, expanding at a compound annual growth rate of 9.3%. This anticipated growth during the forecast period can be linked to factors such as growing interest in biomarker discovery, increased use of high throughput screening methods, emphasising early disease detection, heightened cognizance of proteomics technology, and a rise in genetic disorders. Main trends expected during the forecast period encompass the development of high throughput systems, the creation of novel substrates for noise reduction, progressive multiplexing capabilities, automation through microfluidics, and progress in miniaturization to achieve high density arrays.
What Are the Key Drivers Behind the Growth of the Protein Microarray Market?
The protein microarray market is expected to surge, spurred by the growing use of genomics. Genomics is a field that examines an organism's entire genetic composition, including its structure, function, and evolutionary alterations. The uptick in the utilization of genomics can be attributed to advancements in technology, decreased sequencing costs, and the potential of personalized healthcare treatments. Genomics supports protein microarrays by offering extensive genetic data that can locate and evaluate proteins, their exchanges, and their services, which makes way for more specific and high-efficiency protein profiling. For example, the World Health Organization (WHO), a Switzerland-based intergovernmental body, reported in July 2022 that genomic monitoring increased from 54% in March 2021 to 68% by January 2022, indicating a significant expansion in the uptake of genomic methodologies. Consequently, this rise in the utilization of genomics is propelling the protein microarray market.
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Who Are the Major Industry Players Fueling Protein Microarray Market Expansion?
Major companies operating in the protein microarray market are PerkinElmer Inc., Merck Group, Thermo Fisher Scientific Inc., Eurofins Genomics LLC, Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., Schott AG, Cepheid Inc., GenScript Biotech Corporation, Abcam plc, GVS S.p.A., Molecular Devices LLC, BioLegend Inc., Quanterix Corporation, Standard BioTools Inc., RayBiotech Life Inc., Creative Biolabs Inc., Sengenics Corporation LLC, PepperPrint GmbH, Quansys Biosciences Inc., Sciomics GmbH, Arrayit Corporation, LC Sciences, Full Moon BioSystems Inc
Who Are the Major Industry Players Fueling Market Expansion?
Leading businesses in the protein microarray industry are innovating and utilizing cutting-edge technologies, including KREX technology, to facilitate protein interaction analysis, biomarker identification, and disease diagnoses at a high-throughput level. The use of KREX technology ensures the immobilization of correctly folded, full-length proteins on the protein microarray surface while eliminating misfolded ones. In a noteworthy development in October 2023, the US-based biotech company Sengenics Corporation LLC introduced i-ome discovery, a vast protein microarray platform. This platform bolsters disease diagnosis and therapeutic interventions by examining over 1,800 autoantigens. Employing the patented KREX technology along with a sophisticated AI-based pipeline allows for highly accurate and sensitive autoantibody detection, which is a significant breakthrough in the protein microarray market.
How Is the Segmentation of the Protein Microarray Market Defined?
The protein microarray market covered in this report is segmented -
1) By Type: Lab On Chips, Protein Chips, Arrayers, Integrated Systems, Microarray Systems
2) By Technology: Functional Protein Microarrays, Analytical Microarrays, Reverse Phase Protein Microarrays
3) By Application: Proteomics, Diagnostics, Antibody Characterization, Protein Functional Analysis
4) By End User: Hospitals And Clinics, Research Centers, Academic Institutes, Diagnostic Centers
Subsegments:
1) By Lab On Chips: Diagnostic Lab-on-Chip, Analytical Lab-on-Chip, Microfluidic Chips
2) By Protein Chips: Analytical Protein Microarrays, Functional Protein Microarrays, Reverse Phase Protein Microarrays
3) By Arrayers: Contact Spotting Arrayers, Non-contact Spotting Arrayers
4) By Integrated Systems: Automated Sample Processing Systems, Integrated Analysis Systems
5) By Microarray Systems: High-density Microarray Systems, Low-density Microarray Systems, Multiplex Microarray Systems
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What Is the Leading Region in the Protein Microarray Market?
North America was the largest region in the protein microarray market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein microarray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Protein Microarray Global Market Report?
- Market Size Analysis: Analyze the protein microarray Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the protein microarray 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 microarray market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the protein microarray market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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