Proteomics Market - Global Industry Size, Share, Analysis and Forecast 2023 – 2030
Proteomics is a science which is used
to estimate the rate of protein production, interaction of proteins with one
another, involvement of proteins in metabolic pathways, and modification of
proteins. Also, it has extensive applications in drug discovery, development of
personalized medicines, and identification of markers for disease diagnosis.
The Global Proteomics Market is anticipated to hold a market
value of USD 64.19 billion in 2030 and is expected to grow at a CAGR of 12.3%
during the forecast period.
Increasing need for personalized
medicine, R&D expenditure, technological advancements and increased funding
for proteomics project are expected to drive the market growth over the
forecast period. For instance, in July 2017, Biognosys
AG received USD 5 million funding from its new as well as existing
investors. These new funds will be used for extending commercial operations and
also to accelerate the development of next generation proteomics
workflows. However, reduced funding in key markets of proteomics,
high cost of tools & equipment and lack of skilled researchers can restrain
the market growth over the assessment period.
Major Key Players:
Some of the
prominent Proteomics Market Players are GENERAL ELECTRIC COMPANY, Bio-Rad Laboratories, Inc., Danaher,
Siemens Ltd., Thermo Fisher Scientific Inc., Agilent Technologies, Inc.,
Genzyme Corporation, Biognosys AG, Bruker, Luminex Corporation, Merck KGaA,
PerkinElmer Inc., WATERS, Caprion Biosciences Inc. and Others.
Segment
Analysis
By equipment, the global
market for proteomics has been segmented into mass spectroscopy, protein
microarray, chromatography, protein fractionation, x-ray crystallography, and others. The protein
fractionation is getting traction for its rising demand in the research process
encompassing COVID-19.
By services, the global
market report will cover segments like laboratory services and data analysis
& services. The largest market share is getting enjoyed by the laboratory
services segment as it has a significant contribution to finding effective
diagnosis and research for drug discovery. The data analysis and services
segment will register the fastest CAGR during the forecast period for its
rising demand in the data analytics sector.
By application, the global
report on the proteomics market has been segmented into clinical diagnosis,
drug discovery, and others. The drug discovery segment is witnessing demand as several pharmaceutical companies have
started procedures to find a proper drug and vaccine for COVID-19.
Regional
Analysis
Geographically, the Americas is
expected to dominate the global market owing to the easy availability of funds
from various organizations and rising interest in personalized medicines.
According to the Personalized Medicine Coalition, number of available personalized
medicines increased to 113 in 2014 from 13 in 2006. Europe is expected to hold
the second largest position in the global market owing to the rising cancer
research activities and high funding from the government. Asia-Pacific is
expected to be the fastest growing market owing to the high prevalence of
cancer and rising healthcare expenditure. Moreover, the Middle East and Africa
region is expected to account for the least market share in the global market.
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