Proteomics Market to Reach $161.9 billion, Globally, by 2035 at 14.2% CAGR | Merck KGaA, Agilent Technologies Inc., Bio-Rad Laboratories Inc, Thermo Fisher Scientific Inc.

The proteomics market is witnessing significant growth propelled by advancements in technology, such as mass spectrometry and protein microarrays, enabling researchers to delve deeper into the complexities of the proteome. Moreover, the escalating demand for targeted and precision medicine, coupled with the increasing prevalence of chronic diseases, further propels the adoption of proteomic solutions.

According to the report, the "proteomics market" was valued at $32.8 billion in 2023, and is estimated to reach $161.9 billion by 2035, growing at a CAGR of 14.2% from 2024 to 2035.

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Proteomics focuses on the comprehensive analysis of proteins within a biological system. Unlike genomics, which examines the entirety of an organism's genetic material, proteomics delves into the intricate world of proteins, the functional workhorses of cells. It involves the large-scale study of the structure, function, and interactions of proteins, aiming to understand their roles in biological processes and disease states. Proteomics employs various techniques, including mass spectrometry, protein microarrays, and bioinformatics tools, to identify, quantify, and characterize proteins present in cells, tissues, or organisms.

Proteomics is the study of the complete set of proteins present in a biological system, offering valuable insights into cellular functions, interactions, and disease mechanisms. In the healthcare industry, proteomics has emerged as a powerful tool for biomarker discovery, drug development, and personalized medicine. By analyzing protein profiles in tissues, blood, or other bodily fluids, proteomics enables the identification of disease markers for early diagnosis and prognosis assessment. Additionally, it facilitates the development of targeted therapies by understanding the underlying molecular pathways involved in various diseases.

2023 Recession Impact Analysis

The global recession had a significant impact on the proteomics market.

The economic uncertainty has negatively impacted the research and development activities in the proteomics market.

However, the proteomics market is expected to recover owing to high adoption of proteomics for the treatment of chronic diseases and drug discovery and development procedures.

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North America to maintain its leadership status throughout the forecast period.

By region, North America held the highest market share in 2023, accounting for more than two-fifths of the proteomics market revenue. This is attributed to well-established healthcare infrastructure and rise in the prevalence of chronic diseases. However, Asia-Pacific is expected to register a noteworthy CAGR during the forecast period, owing to developing pharmaceutical industries in the region.

Leading Market Players: -

Bio-Rad Laboratories Inc
Thermo Fisher Scientific Inc
Danaher Corporation
Bruker Corporation
Waters Corporation
Perkin Elmer Inc
Horiba Ltd.
Merck KGaA
Agilent Technologies Inc
Li-Cor Inc

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Key Benefits for Stakeholders:

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the proteomics market analysis from 2023 to 2035 to identify the prevailing proteomics market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the proteomics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

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This release was published on openPR.