Global Proteomics Market

Proteomics Market Size, Share, Growth Analysis, By Equipment(Chromatography, Mass Spectroscopy and Protein Microarray), By Services(Laboratory Services, Data Analysis & Services and Others), By Application(Drug Discovery and Clinical Diagnosis), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35G2281 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 94 | Figures: 76

Proteomics Market Regional Insights

North America has a dominant share in the global proteomics market due to its strong research infrastructure, large investments in pharmaceuticals and biotechnology, and sophisticated technological capabilities. High levels of financing from the public and commercial sectors enable state-of-the-art proteomic research, which is fuelled by the region's robust academic and research institutions. Furthermore, the regulatory environment and well-established healthcare system in North America support the quick uptake of novel proteomic technologies in drug discovery and clinical settings. Owing to strong support by influential players in the industry and a collaboration-based system, the region leads the global proteomics market and further advances and develops. 

Due to its increased investment in R&D and emphasis on precision medicine and personalized healthcare, Europe is the region with the fastest rate of growth in the global proteomics market. Many funder programs from national or private sources create a co-working space for labs to work together within them. In Europe, the emerging biopharmaceutical sector and modern proteomic methodologies for therapeutic design and disease treatment are making headway into investing circles well before any other players. Due to favorable legal guidelines and completion of the best research and teaching schools, Europe leads the globe in proteomic program development and research. The merger of these parts makes Europe a great mover and growing player in global proteomic circumstances. 

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Global Proteomics Market size was valued at USD 25.2 Billion in 2022 poised to grow from USD 29.35 Billion in 2023 to USD 100.17 Billion by 2031, growing at a CAGR of 16.55% in the forecast period (2024-2031). 

In the global proteomics market, competition was fierce, and leading companies leveraged state-of-the-art technology as well as strategic partnerships. Innovators include Thermo Fisher Scientific - a leader in mass spectrometry; Agilent Technologies who provides chromatographic and spectroscopic instruments for various applications and SCIEX - known for its high-performance analytical systems. These businesses portray themselves as leaders in developing proteomics research and applications globally by ongoing R&D, product advancements, and strategic acquisitions.  'Thermo Fisher Scientific (USA) ', 'Agilent Technologies (USA) ', 'SCIEX (USA) ', 'Waters Corporation (USA) ', 'Bruker Corporation (Germany) ', 'Danaher Corporation (USA) ', 'PerkinElmer, Inc. (USA) ', 'GE Healthcare Life Sciences (UK) ', 'Bio-Rad Laboratories (USA) ', 'Luminex Corporation (USA) ', 'Shinwa Chemical Industries (Japan) ', 'Nexelis (Canada) ', 'Proteome Sciences (UK) ', 'Molecular Devices (USA) ', 'Kyowa Kirin (Japan) '

Technological developments that have significantly increased sensitivity and resolution, enabled high-throughput and multiplexed analysis, facilitated data integration, and better sample preparation and fractionation techniques have revolutionized the discipline of proteomics. Proteome has become more fully understood due to these breakthroughs, which have been crucial in propelling the market's growth. 

Technological Advances in Mass Spectrometry and Sequencing: Due to developments in technology like mass spectrometry and next-generation sequencing, the global proteomics market has witnessed a lot of growth in a short time. Biological processes’ intricacy has been brought to light through advances in sensitivity and accuracy of protein evaluations, enabling researchers to have a better understanding. Proteomics is an indispensable part of biomarker discovery in that it helps to identify precise proteins related to diseases. 

North America has a dominant share in the global proteomics market due to its strong research infrastructure, large investments in pharmaceuticals and biotechnology, and sophisticated technological capabilities. High levels of financing from the public and commercial sectors enable state-of-the-art proteomic research, which is fuelled by the region's robust academic and research institutions. Furthermore, the regulatory environment and well-established healthcare system in North America support the quick uptake of novel proteomic technologies in drug discovery and clinical settings. Owing to strong support by influential players in the industry and a collaboration-based system, the region leads the global proteomics market and further advances and develops. 

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Global Proteomics Market

Report ID: SQMIG35G2281

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