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

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). 

An increase in the incidence of chronic illnesses is fuelling the proteomics market expansion. An estimated 20 million new instances of cancer were expected in 2022, according to the International Agency for Research on Cancer. The increasing number of people suffering from chronic illnesses has increased the need for an efficient method of diagnosis. Moreover, there has been a significant growth in the market due to the expanding applications of proteomics in drug development and research. This world economy for proteomes has seen significant growth lately mainly due to the rise of proteomics in identifying diseases and searching for new cure options for various ailments. 

Within the subject of biology, proteomics is the study of proteins found in biological systems through an in-depth examination. Proteins are essential molecules found in cells, tissues, and organisms that carry out a wide range of tasks such as serving as structural elements, signaling molecules, enzymes, and much more. Proteomics focuses on investigating how proteins are arranged, their roles in various biological systems, and how they work together. It includes recognizing all the proteins, describing their alterations, establishing how much of each there is present, as well as examining attachments to other compounds such as RNA or DNA or even other proteins.