The Proteomics Market is expected to have accounted for the market value of USD 23.2 billion in 2017 and is projected to grow at a CAGR of 14.1% over the assessment period. Proteomics is a science of studying proteins on a large scale and identifying the mechanisms through which proteins are formed.
The major aim of a proteomics experiment is to identify protein-protein interactions as they which reveal the biochemical processes involved. Rising advances in proteomics research and new products launched in the proteomics market is anticipated to boost the growth of the market during the assessment period.
In September 2017, Bruker introduced the timsTOF Pro system for parallel accumulation and serial fragmentation (PASEF) mass spectrometry, using proprietary trapped ion mobility spectrometry (TIMS) technology for higher-speed, higher-sensitivity and robust shotgun proteomics. On the other hand, high cost of equipment & tools and lack of skilled researchers may hinder the market growth during the forecast period.
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Proteomics Market – Major Players
Some of the prominent players in the global proteomics market 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.
Currently, the global market is dominated by numerous prominent players. The key players in the market are engaged in product approvals, strategic collaborations and acquisitions to strengthen their market position. For instance, in March 2017, Nanostring introduced a range of products that can leverage genomics and proteomics to advance precision technology.
Proteomics Market – Regional Analysis
On the regional basis, the global market in the Americas is segmented into two major regions, i.e., North America and South America. The North American region is likely to hold the major share in the global proteomics market owing to the rapid adoption of new technologies and investments in personalized medicines. According to a report published by the Personalized Medicine Coalition, the Food and Drug Administration approved a record number of 19 personalized medicines in 2017. It is the fourth consecutive year that personalized medicines accounted for more than 20 percent of all new drug approvals. The European region is anticipated to be the second largest due to the presence of a well-developed healthcare infrastructure and rising adoption of new technologies. The Asia-Pacific region is anticipated to be the fastest growing region due to the rising proteomics research. Middle East and Africa is anticpated to hold the least market share.
Proteomics Market – Segmental Analysis
The Global Proteomics Market has been segmented into equipment, service and application.
The market, on the basis of equipment, has been segmented into chromatography, mass spectroscopy, protein microarray, X-ray crystallography, protein fractionation and others.The global market, on the basis of services, has been segmented into laboratory services and data analysis & services.
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The global proteomics market, by application, has been segmented into drug discovery, clinical diagnosis and others. The clinical diagnosis segment is expected to hold the largest market share owing to the increased understanding of the relevance of investigating and understanding patterns of protein expression for diseases & drug development. The drug discovery segment is anticipated to grow at the fastest CAGR owing to continuous search for alternative & efficient methods to deliver enhanced drugs and increased R&D investments by pharmaceutical & biotechnology companies.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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