The Proteomics Market is estimated to reach USD 72.9 billion by 2028 from USD 36.8 billion in 2023, at a CAGR of 14.6% during the forecast period. The growth of this market is mainly driven by the increased demand for personalized medicines, the rising incidence of chronic diseases, and technological advancements in proteomics. Furthermore, increased investment in research & adoption of proteomics in drug discovery is likely to uplift market growth in coming years.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=731
Browse in-depth TOC on "Proteomics Market"
707 - Tables
49 - Figures
604 – Pages
Key Market Players:
Some of the prominent players in the proteomics market are Thermo Fisher Scientific, Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), Agilent Technologies, Inc. (US), and Waters Corporation (US) and among others.
Thermo Fisher Scientific, Inc. (US)
Thermo Fisher Scientific, Inc. (US) is one of the leading player in the proteomics market in 2022. The company’s leading position is attributable to its diversified product & service portfolio, strong geographic presence, and adoption of organic and inorganic growth strategies. The company has adopted different growth strategies, such as deals that include agreements, and acquisitions, to maintain its leading position in the proteomics market. Thermo Fisher Scientific has concentrated its focus on the implementation of advanced technologies for proteomics. For example, in June 2022, the company entered into a co-marketing agreement with Transit GmbH to promote the use of a mass spectrometry imaging (MSI) platform for spatial multi-omics applications in pharma and clinical labs.
Request Free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=731
Proteomics Market Dynamics:
Drivers:
- Increasing demand for personalized medicines for clinical practices
- Rising incidences of chronic diseases among geriatric population
- Increased investments in research and greater adoption of proteomics in drug discovery
- Technological advancements in proteomics
Restraints:
- High costs of proteomics instruments and technologies
- Lack of standardization in proteomics workflow among research groups
Opportunities:
- High growth opportunities for proteomics research in emerging countries
- Growing prominence of nano proteomics in biological processes
Challenges:
- Low biomarker discovery to approval ratio in proteomics research
- Lack of data management/handling in proteomics research
Spectroscopy accounted for the largest share of the instrumentation technologies segment in the proteomics market in 2022.
Based on instrumentation technologies, the proteomics market is broadly segmented into spectroscopy, chromatography, electrophoresis, protein microarrays, X-ray crystallography, surface plasmon resonance, protein fractionation, and other technologies. In 2022, spectroscopy accounted for the largest share of the proteomics market for instrumentation technologies. This segment's large share can be attributed to factors such as being widely utilized for studying proteins, their structures, interactions, and functions. Spectroscopic techniques provide valuable insights into the properties of proteins, including their secondary and tertiary structures, conformational changes, and ligand binding.
Mass spectrometry technology accounted for the largest share of the type segment in the proteomics market in 2022.
Based on type, spectroscopy instrumentation technology is categorized into three sub-segments— mass spectrometry (MS), NMR spectroscopy, and circular dichroism (CD) spectroscopy. In 2022, mass spectrometry accounted for the largest share of the spectroscopy instrumentation technology segment. Factors such as the MS can analyze large numbers of samples in a short period of time, making it ideal for large-scale proteomics studies is attributed to its large share.
Gel electrophoresis technology accounted for the largest share of the type segment in the proteomics market in 2022.
Based on type, electrophoresis instrumentation technology is categorized into two sub-segments— Gel and capillary electrophoresis. In 2022, gel electrophoresis accounted for the largest share of the electrophoresis instrumentation technology segment. Factors such as the increasing demand for gel electrophoresis in proteomics research and personalized medicine is a major factors driving the growth of the overall gel electrophoresis market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=731
Recent Development:
- In February 2023, Waters Corporation acquired Wyatt Technology, which enhances the portfolio of Separation and Detection, which provides customers with an unmatched set of analytical solutions across a wide range of applications.
- In October 2022, Agilent Technologies Inc. and CMP Scientific Corp. entered into a co-marketing agreement to provide an integrated capillary electrophoresis-mass spectrometry (CE-MS) solution for the life science and pharmaceutical industries.
- In November 2021, Thermo Fisher Scientific acquired Belgium-based Pharmafluidics, the developer of the uPAC range of micro-chip-based chromatography columns. The upac portfolio of columns enhances liquid chromatography (lc) performance in biomarker, proteomics, and drug r&d applications, helping biotechnology and pharmaceutical companies uncover new insights and advance scientific discovery.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]