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Proteomics Market Study Analysis with Forecast to 2034
The global proteomics market is estimated to reach over USD 132.74 billion by 2034, exhibiting a CAGR of 14.0% during the forecast period.
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Proteomics is a method for locating disease-related proteins and investigating their synthesis, usage, and composition. Cancer, viral diseases, malaria, and tuberculosis are some diseases for which proteomic research is employed to identify prognostic indicators and offer diagnoses. Proteomics is used in the pharmaceutical industry to examine how drugs work or are hazardous.
Additionally, the global sector is anticipated to grow quickly over the coming years due to technological advancements, increased research funding, rising healthcare expenses, expanding demand for customized medication, and rising prevalence of genetic disorders. Another factor projected to fuel market expansion is the rising need for the incidence of chronic diseases, including cancer, cardiovascular diseases (CVDs), respiratory disorders, CKD, and others.
List of Prominent Players in the Proteomics Market:
• Agilent Technologies, Inc.
• Biognosys Ag
• Biomax Informatics Ag
• Bio-Rad Laboratories, Inc.
• Bruker Corporation
• Charles River Laboratories
• Creative Proteomics
• Danaher
• Eurofins Scientific
• Fios Genomics
• Genewiz
• Horiba Corporation
• Illumina, Inc.
• Macrogen Inc.
• Medgenome Labs
• Merck Kgaa
• Perkinelmer, Inc.
• Promega Corporation
• Protagene Protein Services
• Qiagen N.V.
• Sengenics
• Shimadzu Corporation
• Thermo Fisher Scientific Inc.
• Waters Corporation
• Wuxi Nextcode
Market Dynamics:
Drivers-
Factors driving proteomics market growth include the increasing need for personalized medicine, rising R&D spending, greater government funding for proteomics, and technological advancements. A rapidly developing field in disease diagnosis is proteomics. Additional market drivers include rising research and development in proteomics and demand for customized medications.
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Challenges:
Data comparability can be hampered, and the absence of defined methods, reference materials, and quality control measures across various platforms and laboratories limits the field's advancement. To overcome these constraints and ensure that proteomics research is successfully applied in a variety of fields, including personalized medicine and drug discovery, it will be necessary for researchers, technology developers, regulatory organizations, and funding agencies to work together.
Regional Trends:
The North America Proteomics market is expected to register a major market share. Much research is being done on novel and inventive next-generation drugs, and the field is constantly expanding. Clinical studies for treating cancer, immune system disorders, infections, age-related diseases, and other issues involve hundreds of protein treatments. Furthermore, proteomics research is pinnacle in nations like the United States.
Besides, Europe had a substantial share in the market Government support and increasing cancer research initiatives are propelling market expansion in this area. Due to the region's high concentration of manufacturers of tailored medicines, rising rates of cancer and other similar diseases, and other factors
Recent Developments:
• In June 2021, Bruker Corp. introduced the two new times TOF instruments. It makes new techniques and applications possible, including unbiased and in-depth multi-omics biomarker identification and epi proteomics/PTM characterization.
• In May 2020 saw the adoption of the MS approach by researchers from the University of Surrey to hasten and support the development of the COVID-19 vaccine. Microarray usage is expected to rise across various applications, supporting industry expansion.
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Segmentation of Proteomics Market-
By Product-
• Spectroscopy
o Mass Spectrometry
o NMR Spectroscopy
o CD Spectroscopy
• Chromatography
o HPLC Chromatography
o Ion Chromatography
o Affinity Chromatography
o Superficial Chromatography
• Electrophoresis
o Gel Electrophoresis
o Capillary Electrophoresis
• Protein Microarrays
o Biochips
o Microarray Instruments
• X-Ray Crystallography
• Surface Plasmon Resonance
• Protein Fractionation
• Other Technologies
By Regents
• Immunoassay Reagents
• Spectroscopy Reagents
• Chromatography Reagents
• Protein Microarray Reagents
• X-Ray Crystallography Reagents
• Electrophoresis Reagents
• Protein Fractionation Reagents
• Other Reagents (Edman's reagent, enzymes, cross-linking agents)
By Software & Services
• Core Proteomics Services
• Bioinformatics Software & Services
By Application-
• Clinical Diagnostic
• Drug Discovery & Development
• Others
By End users
• Hospitals
• Clinical Laboratories
• Pharmaceutical & Biotechnology Companies
• Academic Research Laboratories
• Other End Users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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