The global proteomics market is expected to reach a market size of USD 65.91 billion by 2028 and register a high CAGR during the forecast period, according to a new report by Reports and Data.
The proteomics market is witnessing increased revenue growth due to the growing popularity of personalized medicines, advancements in technology, and rise in research development expenditure and initiatives. A key driving factor is the rising trend of personalized medicine. Biotechnology and pharmaceutical companies have over the years doubled their investment in RD of personalized medicine. Advancement in proteomics technologies contributed to the development of personalized medicines by enabling detection of proteomics molecular diagnostics, protein biomarkers, pharmacoproteomics, and protein biochips. Personalized medicine is commonly used in cancer treatment.
High cost of proteomics equipment and lack of skilled workforce is a factor hampering growth of the market. However, growth in biomarker identification and advancements in mass spectrometry-based proteomics are expected to provide growth opportunities in the proteomics market. Development of efficient and advanced technologies, rise in genetic and birth disorders, increasing healthcare expenditure, and availability of funds from both public and private sectors will contribute significantly to growth of the market.
The COVID-19 impact:
The COVID-19 pandemic has spurred growth of the proteomics market. Biopharmaceutical companies are investing significantly in research for the development of SARS-COV-2 vaccine. Researchers are identifying drugs for treatments by using separation and identification techniques to examine both new and existing drugs, which is driving growth of the proteomics market.
In-depth Study of the Competitive Landscape:
The global Proteomics market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers acquisitions, joint ventures, collaborations, partnerships, and agreements, to build on their market presence.
Top companies profiled in the report include:
Agilent Technologies, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Merck KgaA, PerkinElmer, Inc., Promega Corporation, Waters Corporation, Bruker Corporation, and GE Healthcare.
Product Outlook (Revenue, USD Billion; 2018-2028)
- Instruments
- Reagents
- Services
Technology Outlook (Revenue, USD Billion; 2018-2028)
- X-Ray Crystallography
- Chromatography
- Microarray Instruments
- Protein Fractionation Systems
- Surface Plasma Resonance (SPR) Systems
- Electrophoresis
- Spectroscopy
Application Outlook (Revenue, USD Billion; 2018-2028)
- Clinical Diagnosis
- Drug Discovery
- Others
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Proteomics market over the forecast period?
- What are the major factors driving the growth of the Global Proteomics Market?
- What are the key challenges impacting the global Proteomics market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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