Proteomics Market:
Growth opportunities in the Proteomics market look promising over the next six years. This is mainly due to the growing incidences of target diseases such as cancer, diabetes, and cardiovascular, along with the various regulation and government policies related to the R&D activities in proteomics, and the continuous advancement in this field.
Proteomics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
One of the major factors that is contributing to the growth of the proteomics market size includes the rising incidence of target diseases which include diabetes, cancer, and cardiovascular. Inordinate progress is being made over the few years, as proteomics is considered an important tool for offering data related to a broad range of diseases. As per the proteomics market report, continuous advancement in this field, such as multiple reactions monitoring, which quantifies the proteins in the cerebrospinal fluid for the detection of later stages of multiple sclerosis, is further rising the number of research and development (R&D) activities in proteomics.
For example, European Union has offered ten million euro to 18 European research groups, in 2019 which has increased the bar for the proteomics market. The Center for Biologics Evaluation and Research has approved the biological products related to proteomics by ensuring their safety and efficacy. The FDA is involved in studying the use of analytical proteomic tools for identifying biological products and for validation of biomarkers, which is further surging the market share. Regional Drivers
On the basis of regional coverage, North America is projected to grow at a higher CAGR in the market during the forecast period. As per the “Department of Health and Human Services”, North America healthcare issued a budget for building the technologies and systems, which amounted to USD 900 billion in 2018. This has helped in boosting the market growth over the coming years. Moreover, the increasing burden chronic disease such as cancer, diabetes etc. has contributed to the growth of the proteomics market, as it plays an important role in the diagnosis and early detection of cancer. Therefore, this has further surged the growth of the market over the coming years.
Proteomics Market’s Leading Manufacturers:
- Illumina, Inc.
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- APPLIED BIOMICS, INC.
- Thermo Fisher Scientific, Inc.
- Sigma-Aldrich Co.
- Hoffmann-La Roche Ltd
- PerkinElmer Inc.
- Luminex Corporation
- Promega Corporation
Proteomics Market Segmentation:
Segmentation by Product:
- Instruments
- Reagents
- Services
Segmentation by Technology:
- Microarray
- X-Ray Crystallography
- Spectroscopy
- Chromatography
- Protein Fractionation Systems
- Electrophoresis
- Surface Plasma Resonance Systems
Segmentation by Application:
- Drug Discovery
- Disease Diagnosis
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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