The global proteomics market is
expected to reach over USD 24.8 billion by 2024 according to a new report by
Grand View Research, Inc. The introduction of technology-enabled proteomics
products is one of the high-impact rendering drivers for the proteomics market
growth. These products find extensive applications in drug discovery,
diagnostic services, and many other research areas. The increasing market
penetration of these technologies, such as ESI-LC-MS (electrospray ionization
liquid chromatography mass spectrometry), is expected to serve as a driver of
this market.
Proteomics has become a
powerful tool for treating various diseases such as diabetes, fatty liver,
obesity, and deadly cancers. It is difficult to cure these diseases as body
responses vary from person to person; to overcome this problem, researcher from
Ecole Polytechnique Fédérale de Lausanne and ETH Zurich in Switzerland
developed method to define metabolic differences between individuals. This is
expected to drive the demand for proteomics over the forecast period.
The presence of organizations
such as the Human Proteome Organization promotes the development of new
techniques, technologies, and training pertaining to the field of proteomics.
This is expected to propel the market growth over the forecast period.
In depth research report on Proteomics Market
Further Key Findings From the Study Suggest:
·
The reagents segment dominated
the product segment in 2015 and is expected to witness a lucrative growth with
a CAGR of over 8.5%. Extensive usage of reagents for R&D activities and the
introduction of novel biomarker-specific kits, such as Pro2PSA biomarker for
prostate cancer and CA27.29biomarkers for breast cancer, are the factors
responsible for its large market share.
·
The instruments segment is
anticipated to show a significant growth over the forecast period. The major
factor responsible for the growth is the rising demand for user-friendly,
cost-effective, rapid, and accurate devices
·
In 2014, the protein microarray
segment occupied over45% of the market share of the proteomics market, owing to
the high usage rates of this technology. Microarray technology has the ability to
track the protein interactions and performs chromatography and
2-Delectrophoresis in a comparatively lesser time.
·
The spectroscopy segment is one
of the fastest growing segments of proteomics market. The introduction of novel
technologies such as Orbitrap Mass spectroscopy and the increasing demand for
rapid and accurate devices for complete analysis of proteins are the factors
responsible for its fastest growth.
·
North America held the largest
share of over 40% in 2015. The presence of favorable government initiatives and
the growing adoption of personalized medicines are the key factors that can be
attributed to the major revenue share in the market.
·
Asia Pacific is expected to be
the fastest growing with a share of over 12% in 2015.The growing prevalence of
chronic diseases in the developing countries is a key factor responsible for
the fastest growth in Asia Pacific.
Grand View Research has segmented the
proteomics market on the basis of product, technology, application, and region:
Proteomics Market Product Outlook, by Revenue (USD
Million, 2013 & 2024)
·
Instruments
·
Reagents
·
Services
Proteomics Market Technology Outlook, by Revenue (USD
Million, 2013 & 2024)
·
Microarray Instruments
·
X-Ray Crystallography
·
Spectroscopy
·
Chromatography
·
Protein Fractionation Systems
·
Electrophoresis
·
Surface Plasma Resonance
Systems
Proteomics Market Application Outlook, by Revenue (USD
Million, 2013 & 2024)
·
Drug Discovery
·
Clinical Diagnosis
·
Others
Proteomics Market Regional Outlook, by Revenue (USD
Million, 2015 & 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
·
MEA
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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