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
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
Japan
·
China
·
Latin America
·
Brazil
·
MEA
·
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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