Global protein chip Market

Protein Chip Market Size, Share, Growth Analysis, By Technology(Analytical microarrays, functional protein microarrays, and reverse phase protein microarrays), By Application(Diagnostics, proteomics, and antibody characterization), By End user(Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, and Pharmaceutical & Biotechnological Companies), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35H2149 | Region: Global | Published Date: March, 2024
Pages: 198 |Tables: 91 |Figures: 76

Protein Chip Market Insights

Global Protein Chip Market size was valued at USD 713.06 Million in 2022 and is poised to grow from USD 766.54 Million in 2023 to USD 1,367.11 million by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

The global protein chip market is undergoing a transformative phase, driven by advancements in proteomic research, personalized medicine, and drug discovery. With an escalating focus on understanding protein interactions and their role in diseases, the market is witnessing a surge in demand for protein chips. These microarrays facilitate high-throughput protein analysis, enabling researchers to study multiple proteins simultaneously. The market landscape is characterized by a blend of established players and innovative startups, leading to intense competition. Technological innovations are fostering product development. Protein chips find applications across various sectors, including pharmaceuticals, biotechnology, clinical diagnostics, and academic research.

Overall, the global protein chip market is significantly growing as researchers continue to unravel the complexities of proteins and their implications for various fields. Technological innovation, expanding applications, and regional market developments are anticipated to shape the market's trajectory in the coming years.

US Protein Chip Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 713.06 Million

Largest Segment

Functional Protein Microarray

Fastest Growth

Analytical microarrays

Growth Rate

7.5% CAGR

Global Protein Chip Market ($ Bn)
Country Share for North America Region (%)

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Protein Chip Market Segmental Analysis

The global protein chip market is segmented on the basis of technology, application, end user, and region. By technology, it is divided into analytical microarrays, functional protein microarrays, and reverse phase protein microarrays. The application segment includes diagnostics, proteomics, and antibody characterization. The end user segment includes hospitals & clinics, diagnostic laboratories, academic & research institutes, and pharmaceutical & biotechnological companies. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Protein Chip Market Analysis by Technology

Notably, the functional protein microarray segment is anticipated to command the dominating market share throughout the forecast period, primarily attributable to its extensive utilization in advanced diagnostics. Functional protein microarrays enable high-throughput analysis of protein interactions, protein-protein binding, enzyme activities, and post-translational modifications. This comprehensive insight aids in drug discovery, biomarker identification, and understanding complex biological pathways. The segment's prominence is bolstered by its significance in personalized medicine and diagnostics, where it facilitates the assessment of individualized responses to treatments.

Additionally, the analytical microarray segment proved to be the fastest growing in the market. The substantial investments directed towards research and developmental endeavors concerning microarray applications act as a supplementary catalyst for the functional protein microarray segment to assert its dominance over the market in the projected time frame.

Protein Chip Market Analysis by End user

Segmentation of the protein chip market includes end-users, encompassing hospitals & clinics, diagnostic laboratories, academic & research institutions, and pharmaceutical and biotechnology companies. The dominant share in this market is anticipated to be held by the hospitals and clinics segment over the forecast period. This projection can be attributed to the escalating prevalence of infectious diseases, cancer incidents, and post-surgical complications.

Research institutes proved to be the fastest growing among all. This is due to their pivotal role in advancing proteomic research. These institutes serve as hubs for cutting-edge scientific investigations and are increasingly adopting protein chip technologies to accelerate protein profiling, interaction studies, and disease biomarker discovery. The need for comprehensive understanding of protein functions and their implications in diseases is driving the demand for protein chips.

Global Smart TV Market By Technology, 2022 (%)

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Protein Chip Market Regional Insights

North America held the largest significant share in the protein chip market, as the region boasts a robust research infrastructure, advanced technological capabilities, and significant investments in healthcare and biotechnology. Established pharmaceutical and biotech companies, along with top-tier academic institutions, drive the demand for protein chips for drug discovery, disease profiling, and biomarker identification. Additionally, favorable government initiatives, substantial funding for research projects, and a high adoption rate of cutting-edge technologies contribute to North America's leadership in the protein chip market.

However, Asia-Pacific is projected to be the fastest growing among all throughout the forecast period. This growth can be attributed to the increasing demand for protein microarray assays and a rising level of awareness in the region. The rapid advancement of protein chip assays and their cost-effectiveness are anticipated to contribute to fastest growth in other geographical areas.

Global Protein Chip Market By Region, 2024-2031
  • Largest
  • Fastest

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Protein Chip Market Dynamics

Protein Chip Market Drivers

Increase in Prevalence of Cancer

  • The modern world has experienced a notable shift in lifestyle, leading to a significant increase in the occurrence of cancer. Factors such as rising alcohol consumption, tobacco use, and substance abuse have contributed to this trend. Moreover, the prevalent sedentary way of life has resulted in a decline in physical activity, consequently leading to obesity—a primary catalyst for numerous chronic lifestyle-related ailments. This sedentary lifestyle, coupled with the consumption of highly processed, sugary, and nutritionally deficient foods from proliferating fast-food chains, has compounded the issue, even leading to diabetes in the population. Additionally, environmental elements like air pollution have played a role in the escalating cancer rates.

Protein Chip Market Restraints

Difficulty Obtaining Substantive and Quality Protein Samples

  • Proteins, originating from living organisms, necessitate extraction due to their delicate microscopic nature that doesn't maintain form or structure outside their natural environment. This fragility poses difficulties in obtaining sufficient samples for analysis, creating challenges for the protein chip market. Scarcity of sampling data and analytical complexities arising from the limited sample size are key obstacles. The inherent microscopic nature increases the risk of overlooking important protein expressions during analysis.

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Protein Chip Market Competitive Landscape

The global protein chip market is marked by a blend of established players and emerging entrants striving for innovation and market expansion. Leading companies are consistently engaged in research and development activities to enhance their product portfolios, focusing on improvements in microarray technology, detection methods, and data analysis. Partnerships, collaborations, and strategic acquisitions are common strategies employed to gain a competitive edge and broaden market presence. Additionally, customization and application-specific solutions are becoming pivotal as end-users seek tailored protein chip platforms.

Protein Chip Market Top Player’s Company Profiles

  • Agilent Technologies (US)
  • PerkinElmer (US)
  • Bio-Rad Laboratories (US)
  • Thermo Fisher Scientific (US)
  • Sigma-Aldrich Corporation (US)
  • Illumina (US)
  • GE Healthcare (US)
  • Bruker Corporation (US)
  • Shimadzu Corporation (Japan)
  • Roche Diagnostics (Switzerland)
  • RayBiotech (US)
  • Gyros Protein Technologies (UK)
  • Innopsys (France)
  • Randox Laboratories (UK)
  • HORIBA, Ltd. (Japan)
  • CapitalBio Corporation (China)
  • Biotech Support Group (US)
  • Surmodics (US)
  • PerkinElmer (US)
  • Innova Biosciences (UK)

Protein Chip Market Recent Developments

  • In April 2023, Swedish researchers developed a microfluidic chip that they hope will allow for easier monitoring of monoclonal antibody (mAb) production. The protein cartridge, developed by a team from KTH Royal Institute of Technology in Stockholm, allows for the simultaneous analysis of up to four different proteins in the cell culture in a bioreactor.
  • In February 2023, recombinant protein expression was widely used in clinical diagnostics, vaccine development, and drug discovery. However, efficiently producing fully functional proteins at a high throughput often faces challenges due to misfolding. Sengenics addresses this with KREXTM technology, utilizing Biotin Carboxyl Carrier Protein (BCCP) to enhance folding and solubility. This innovation enables high-throughput expression of correctly folded proteins. The technology is tailored for simultaneous evaluation of numerous mutant proteins using Sengenics KREXTM platform, assessing how small molecules can restore mutated protein function.

Protein Chip Key Market Trends

  • Rowing Demand for Personalized Medicine: The shift towards personalized medicine has fueled the demand for protein chips, as they allow for the analysis of individual protein profiles and biomarkers. This enables healthcare providers to tailor treatments based on patients' unique molecular characteristics, leading to more effective outcomes.

Protein Chip Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to an analysis of the global protein chip market, the evolving research paradigms and increasing applications in disease diagnosis and drug development are the key growth drivers. The diagnostics segment emerges as the dominating sector due to rising demand for personalized medicine and biomarker discovery. Among various segments, the antibody-based protein chips stand out as the largest contributor, owing to their specificity and versatility. Geographically, North America maintains its fast-paced advancement in the market, attributed to robust R&D infrastructure and strategic collaborations. With expanding applications in proteomics and genomics, coupled with technological advancements, the protein chip market is poised for remarkable expansion, offering novel insights into disease mechanisms and personalized therapeutic interventions.

Report Metric Details
Market size value in 2022 USD 713.06 Million
Market size value in 2031 USD 1,367.11 million
Growth Rate 7.5%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Technology
    • Analytical microarrays, functional protein microarrays, and reverse phase protein microarrays
  • Application
    • Diagnostics, proteomics, and antibody characterization
  • End user
    • Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, and Pharmaceutical & Biotechnological Companies
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Agilent Technologies (US)
  • PerkinElmer (US)
  • Bio-Rad Laboratories (US)
  • Thermo Fisher Scientific (US)
  • Sigma-Aldrich Corporation (US)
  • Illumina (US)
  • GE Healthcare (US)
  • Bruker Corporation (US)
  • Shimadzu Corporation (Japan)
  • Roche Diagnostics (Switzerland)
  • RayBiotech (US)
  • Gyros Protein Technologies (UK)
  • Innopsys (France)
  • Randox Laboratories (UK)
  • HORIBA, Ltd. (Japan)
  • CapitalBio Corporation (China)
  • Biotech Support Group (US)
  • Surmodics (US)
  • PerkinElmer (US)
  • Innova Biosciences (UK)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Protein Chip Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Protein Chip Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Protein Chip Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Protein Chip Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Protein Chip Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Protein Chip Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Protein Chip Market size was valued at USD 713.06 Million in 2022 and is poised to grow from USD 766.54 Million in 2023 to USD 1,367.11 million by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

The protein chip market is marked by a blend of established players and emerging entrants striving for innovation and market expansion. Leading companies are consistently engaged in research and development activities to enhance their product portfolios, focusing on improvements in microarray technology, detection methods, and data analysis. Partnerships, collaborations, and strategic acquisitions are common strategies employed to gain a competitive edge and broaden market presence. Additionally, customization and application-specific solutions are becoming pivotal as end-users seek tailored protein chip platforms. 'Agilent Technologies (US)', 'PerkinElmer (US)', 'Bio-Rad Laboratories (US)', 'Thermo Fisher Scientific (US)', 'Sigma-Aldrich Corporation (US)', 'Illumina (US)', 'GE Healthcare (US)', 'Bruker Corporation (US)', 'Shimadzu Corporation (Japan)', 'Roche Diagnostics (Switzerland)', 'RayBiotech (US)', 'Gyros Protein Technologies (UK)', 'Innopsys (France)', 'Randox Laboratories (UK)', 'HORIBA, Ltd. (Japan)', 'CapitalBio Corporation (China)', 'Biotech Support Group (US)', 'Surmodics (US)', 'PerkinElmer (US)', 'Innova Biosciences (UK)'

The modern world has experienced a notable shift in lifestyle, leading to a significant increase in the occurrence of cancer. Factors such as rising alcohol consumption, tobacco use, and substance abuse have contributed to this trend. Moreover, the prevalent sedentary way of life has resulted in a decline in physical activity, consequently leading to obesity—a primary catalyst for numerous chronic lifestyle-related ailments. This sedentary lifestyle, coupled with the consumption of highly processed, sugary, and nutritionally deficient foods from proliferating fast-food chains, has compounded the issue, even leading to diabetes in the population. Additionally, environmental elements like air pollution have played a role in the escalating cancer rates.

Rowing Demand for Personalized Medicine: The shift towards personalized medicine has fueled the demand for protein chips, as they allow for the analysis of individual protein profiles and biomarkers. This enables healthcare providers to tailor treatments based on patients' unique molecular characteristics, leading to more effective outcomes.

North America held the largest significant share in the protein chip market, as the region boasts a robust research infrastructure, advanced technological capabilities, and significant investments in healthcare and biotechnology. Established pharmaceutical and biotech companies, along with top-tier academic institutions, drive the demand for protein chips for drug discovery, disease profiling, and biomarker identification. Additionally, favorable government initiatives, substantial funding for research projects, and a high adoption rate of cutting-edge technologies contribute to North America's leadership in the protein chip market.

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