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Evolving Market Trends In The Large Molecule Bioanalytical Technologies Industry: Advancements In Fourier Transform Infrared Spectroscopy For Large Molecule Bioanalysis
Large Molecule Bioanalytical Technologies
What Is the Expected Large Molecule Bioanalytical Technologies Market Size During the Forecast Period?
The large molecule bioanalytical technologies market has grown rapidly in recent years. It will grow from $10.19 billion in 2024 to $11.7 billion in 2025, at a compound annual growth rate (CAGR) of 14.9%. The growth is attributed to higher investments in biotechnology research, the growth of proteomics research, the adoption of high-throughput screening, the rise of next-generation sequencing, and the increasing use of single-cell analysis.
The large molecule bioanalytical technologies market is expected to grow rapidly over the next few years. It will reach $20.12 billion by 2029, with a CAGR of 14.5%. The growth is attributed to the rising demand for biopharmaceuticals, increased investments in life sciences research, greater demand for point-of-care testing, a higher prevalence of chronic diseases, and the growing need for biologics and biosimilars. Major trends include real-time analysis, adoption of quality control labs, AI integration, technological advancements, and the move towards cloud-based solutions and digital technologies.
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What Are the High-Growth Segments in the Large Molecule Bioanalytical Technologies Market?
The large molecule bioanalytical technologies market covered in this report is segmented -
1) By Product And Services: Products, Services
2) By Technology: Chromatography, Mass Spectrometry, Enzyme-Linked Immunosorbent Assay, Electrophoresis, Polymerase Chain Reaction, Western Blot, Flow Cytometry, Spectrometer, Other Technologies
3) By Application: Biologics, Oligonucleotide Derived Drugs And Molecules, Viral Vector, Cell And Gene Therapy, Nanoparticles And Polymers, Disease Diagnosis, Other Applications
Subsegments:
1) By Products - Instruments ( Mass Spectrometers, Chromatography Systems, Immunoassay Analyzers), Reagents And Consumables ( Antibodies, Enzyme-Linked Immunosorbent Assay (Elisa) Kits), Software ( Data Analysis And Visualization Software)
2) By Services - Analytical Testing Services, Contract Research Organization (Cro) Services, Method Development And Validation Services, Stability Testing Services, Consulting And Training Services
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What Key Drivers Are Expected to Influence Future Large Molecule Bioanalytical Technologies Market Growth?
The rising focus on personalized medicine is expected to drive the growth of the large molecule bioanalytical technologies market. Personalized medicine tailors medical treatments based on an individual's genetic makeup, biomarkers, lifestyle, and other factors to maximize efficacy and minimize side effects. Factors such as individual disease susceptibility, a shift toward value-based healthcare, and an emphasis on patient-centered care are fueling the focus on personalized medicine. Large molecule bioanalytical technologies are used in drug development to assess the pharmacokinetics and pharmacodynamics of large-molecule drugs like monoclonal antibodies and gene therapies. For example, in February 2024, the Personalized Medicine Coalition, a US-based non-profit organization, reported that in 2023, the FDA approved 16 new personalized medicines for rare diseases, up from six in 2022. Therefore, the rising focus on personalized medicine is driving the growth of the large molecule bioanalytical technologies market.
Which Companies Hold the Largest Share Across Different Large Molecule Bioanalytical Technologies Market Segments?
Major companies operating in the large molecule bioanalytical technologies market are Thermo Fisher Scientific Inc., Danaher Corporation, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Charles River Laboratories International Inc., Intertek Group plc, Shimadzu Corporation, Bio-Rad Laboratories Inc., Qiagen N.V., HORIBA Ltd., SCIEX, Bio-Techne Corporation, Hamilton Company, Promega Corporation, Verder Group, Solvias AG, Analytik Jena AG, Genedata AG, Wyatt Technology Corporation, Nanalysis Corporation, Avomeen Analytical Services, Cergentis B.V., Halo Labs Inc., Hitachi High-Technologies Corporation, Precision NanoSystems Inc.
What Trends Are Expected to Dominate the Large Molecule Bioanalytical Technologies Market in the Next 5 Years?
Key players in the large molecule bioanalytical technologies market are pushing boundaries by creating forward-thinking technologies like Fourier transform infrared spectroscopy to boost the analytical potential and characterization of colossal molecules. The Fourier transform infrared spectroscopy is a strategic tool used in big molecule bioanalytical concept for the discernment of the chemical configuration of biomolecules. To exemplify, in April 2022, Edinburgh Instruments Ltd, a company that specializes in scientific instrumentations based in the UK, announced the release of the IR5, a benchtop Fourier transform infrared (FTIR) spectrometer. This high-caliber device is specifically tailored for the needs of molecular spectroscopy applications. Some of the features it boasts are superior sensitivity and spectrum result, with the addition of a secondary detector for enhanced sensitivity. Furthermore, it incorporates Fourier transform photoluminescence (FT-PL) for the tandem performance of absorption and photoluminescence spectroscopy. The IR5 comes complete with Miracle software, a custom tool specifically designed for this tool that offers an updated, capable, and user-friendly experience.
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What Are the Emerging Geographies for The Large Molecule Bioanalytical Technologies Market Growth?
North America was the largest region in the large molecule bioanalytical technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large molecule bioanalytical technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Large Molecule Bioanalytical Technologies Market?
2. What is the CAGR expected in the Large Molecule Bioanalytical Technologies Market?
3. What Are the Key Innovations Transforming the Large Molecule Bioanalytical Technologies Industry?
4. Which Region Is Leading the Large Molecule Bioanalytical Technologies Market?
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