Proteomic Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Healthcare
Report Code - OMR-H-249
Format: PDF, PPT, and Excel
Proteomics Market to Grow with a CAGR of 15.8% During 2023-2030; Market to Expand Due to Growing Genomics and Proteomics Research Studies
Proteomics investigates proteins and the biological processes in which they are involved by studying their interactions, functions, compositions, and structures. Proteomics enables scientists to analyze the quantitative and qualitative biological responses associated with a protein of interest by evaluating its expression at different levels. Proteomics has applications in several fields, including medicine, cancer research, food safety, and agriculture.
The COVID-19 epidemic is a great worldwide public health concern that has had a quantifiable effect on the proteomic market's explosive expansion. Due to a lack of raw materials, important end-users of the proteomics industry, pharmaceutical firms, and restricted medication production.
Key Takeaways of the Proteomics Market
By Product
The reagents and consumables segment held the largest market share. As more biological samples are evaluated in academic institutions, research labs, and other settings, demand for reagents & consumables, kits, chemicals, and strips will increase, aiding the market growth.
By Application
Drug development will have the greatest market share over the projection period. Proteomics technologies give a mechanism to show early on the efficacy of a drug development initiative, saving pharmaceutical corporations enormous money for the long-term benefit of patients and healthcare systems globally.
By Region
Asia-Pacific is anticipated to demonstrate substantial dominance throughout the projection period. Increasing financing for structure-based drug discovery, expanding omics research, a rising demand for high-quality research tools and a focus on generating customized medicines all contribute to the expansion of the industry.
Growing Government Initiatives To Fuel Market Expansion
Growing government investment in healthcare R&D is one of the most significant elements promoting proteome analysis research. For instance, the Center for Biologics Evaluation and Research analyses the efficacy and safety of biological products related to proteomics by controlling their approvals. Moreover, the FDA is investigating the use of analytical proteomic methods to characterize biological products and validate biomarkers.
Increasing Collaborations Among Companies and Organizations is Driving Market Potential
Partnerships are becoming increasingly significant in this industry since it is difficult for corporations to get all the necessary skills to cover all the tasks involved in proteomics. For instance, numerous companies working with mass spectrometry, including manufacturers and end-user laboratories, collaborate with protein chip-related businesses. In November 2022, Danaher announced that it had strategically joined Duke University to construct the first Danaher Beacon for Gene Therapy Innovation.
Global Proteomics Market Prominent Players
• Agilent Technologies, Inc. (U.S.)
• Illumina, Inc. (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• F. Hoffmann-La Roche Ltd (Switzerland)
• GE HealthCare (U.S.)
• Merck KGaA (Germany)
• Danaher. (U.S.)
• Bruker (U.S.)
• Luminex Corporation. (U.S.)
Report Scope for Proteomics Market
Product
• Instruments
o Spectrometry
o Protein Electrophoresis
o Microarray System
o Chromatography System
o Surface Plasmon Resonance
o Protein Fractionation Systems
o X-ray Crystallography
• Reagents & Consumables
• Services
Application
• Drug Discovery
• Clinical Diagnostics
• Others
End User
• Hospitals & Clinical Laboratories
• Pharmaceutical Companies
• Academic Research Laboratories
• Other End Users
Proteomics Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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