Protein Sequencing Market Size, Share, Growth Analysis, By Application(Biopharmaceuticals, biotechnology research), By Technology(Mass spectrometry, Edman degradation), By Region - Industry Forecast 2024-2031

Protein Sequencing Market size was valued at USD 1.3 billion in 2019 and is poised to grow from USD 1.34 billion in 2023 to USD 1.69 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

Protein sequencing is a de novo sequencing technique that analyses and determines the amino acid sequence using the mass spectrum. This approach can be used by researchers to discover more about protein structure. A high-throughput proteomic technique that has gained popularity is protein sequencing, which has numerous uses. One of the most well-known applications is target-based drug discovery. The rising focus of biotechnology and pharmaceutical businesses on target-based medication development activities in many developed and emerging nations is a significant factor driving the market growth. Funding for proteomics research is rising in a variety of developed and emerging nations, which is strengthening the industry. Increased need for protein biomarkers in the drug development process is a significant factor causing the market to grow quickly.

An important aspect that is anticipated to fuel the growth of the global market over the forecast period is the rising use of target-based medication designing by pharmaceutical and biotechnology businesses. The development of protein sequencing for genetic engineering applications in the target market will be fueled by growing research on genetically modified organisms and technological improvements throughout the ensuing years.

US Protein Sequencing Market  is poised to grow at a sustainable CAGR for the next forecast year.