Report ID: UCMIG35J2099
Report ID:
UCMIG35J2099 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
With a valuation of USD 793.4 million in 2022, the global peptide microarray market has showcased substantial growth prospects. Forecasts predict that the market will witness a steady expansion at a compound annual growth rate (CAGR) of 4.51% from 2023 to 2030. This growth can be attributed to the rising demand for peptide microarray technology in various research applications, including drug discovery, proteomics, and diagnostics. The advancements in peptide synthesis and high-throughput screening techniques are anticipated to fuel market growth further. Moreover, the increasing investments in life sciences research and development activities across the globe are expected to drive the market's progress during the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Life Sciences Tools & Services by segment aggregation, the contribution of the Life Sciences Tools & Services in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35J2099