Proteomics Market Sales, Revenue and Share by Regions Analysis and Forecasts 2022 to 2032
The size of the global Proteomics Market was projected to reach about US$30.8 billion in 2022. Demand for proteomics is predicted to grow at a significant CAGR of 13.5% between 2022 and 2032, reaching US$ 109.4 billion by the end of that year.
The market for proteomics has expanded significantly with a healthy CAGR because of the increased need for personalised treatment and the increasing funding for proteome research. The proteomics industry is anticipated to expand internationally due to the rapid improvement of technology. The largest proteome market is in North America, and throughout the projected period, the fastest-growing market will be in Asia Pacific.
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A system or an organism’s proteome is its full collection of proteins. It may change according on the amount of time, the demands made on it, and the pressures an organism faces. A more comprehensive study of proteins is known as proteomic research. Proteomic provides all of the answers because proteins are the basic building blocks of cells.
Mass spectrometry and database improvements for protein and DNA sequences can improve proteomics research. For the identification, quantification, and identification of protein interactions, proteomics requires a variety of tools, apparatus, reagents, media, and software.
Proteomics Market: Drivers & Restraints
Growing demand for personalized medicine market, technological advancement, innovation, increase availability of funds from both private and public sector for proteomics increasing healthcare expenditure, increasing genetic disorders, birth disorders are the most important driving factors in proteomics market.
Since growth of pharmaceutical and biopharmaceutical market is fast, the demand for proteomics market has increased. With so many advantages and splendid features of proteomics, it has few disadvantages too. High cost of the medicines and devices and lack of professional researchers are acting as a barrier for proteomics market.
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Proteomics Market: Regional Outlook
The proteomics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, proteomics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for proteomics market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.
Proteomics Market: Top Players
Some of the key market players proteomics market are Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Genzyme Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Affymetrix Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Proteomics Market: Key Segmentation
By Equipment:
- Chromatography
- Mass Spectroscopy
- Protein Microarray
- X-ray Crystallography
- Protein fractionation
- Others
By Services:
- Laboratory Service
- Data Analysis and Services
By Application:
- Drug discovery
- Clinical Diagnosis
- Others