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 Dynamics

Drivers 

Proteomics-Related Technological Advancement to Drive the Market Upward: 

  • 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. 

High Growth Prospects in Developing Nations for Proteomics Research: 

  • Proteomic technologies and approaches have made tremendous progress in the Asia Pacific region. Advanced mass spectrometry, protein profiling, and interaction analysis of proteins have been taken up by researchers in the field so that they can get an insight into complicated biological systems. In part, the growth of proteomics research and application lies in the access to advanced platforms plus tools. 

Restraints 

Difficulties with Regulation and Standardization: 

  • Obtaining different countries for instance is one of the reasons behind delay in adoption of proteomics technologies since various regulatory measures that do not apply universally may disrupt their use. Not having globally accepted standards along with varying regulations may hinder cross-national partnership thereby delaying product approvals and impeding market growth. 

Sensitivity Issues and Technical Limitations: 

  • Probing complex biological materials or low-abundance proteins through proteomics technologies is often hampered by the limitations of their sensitivity and resolution. These limitations may have an effect on accuracy and reproducibility of the studies, which could slow down adoption and growth of proteomics applications within clinical as well as research environments. 
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FAQs

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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