USD 1.3 billion
Global Protein Sequencing Market Size, Share, Growth Analysis, By Application(Biopharmaceuticals, biotechnology research), By Technology(Mass spectrometry, Edman degradation) - Industry Forecast 2024-2031
Report ID:
SQSG35H2025 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
61 |
Figures:
75
Global Protein Sequencing Market Insights
Protein Sequencing Market size was valued at USD 1.3 billion in 2019 and is poised to grow from USD 1.34 billion in 2023 to USD 1.69 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
Protein sequencing is a de novo sequencing technique that analyses and determines the amino acid sequence using the mass spectrum. This approach can be used by researchers to discover more about protein structure. A high-throughput proteomic technique that has gained popularity is protein sequencing, which has numerous uses. One of the most well-known applications is target-based drug discovery. The rising focus of biotechnology and pharmaceutical businesses on target-based medication development activities in many developed and emerging nations is a significant factor driving the market growth. Funding for proteomics research is rising in a variety of developed and emerging nations, which is strengthening the industry. Increased need for protein biomarkers in the drug development process is a significant factor causing the market to grow quickly.
An important aspect that is anticipated to fuel the growth of the global market over the forecast period is the rising use of target-based medication designing by pharmaceutical and biotechnology businesses. The development of protein sequencing for genetic engineering applications in the target market will be fueled by growing research on genetically modified organisms and technological improvements throughout the ensuing years.
US Protein Sequencing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
biopharmaceuticals
Fastest Growth
biopharmaceuticals
Growth Rate
3.5% CAGR
Global Protein Sequencing Market, 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Protein Sequencing Market Size By application, 2021-2028 ($ Mn)
Global Protein Sequencing Market Size By application, 2021-2028 (%)
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Global Protein Sequencing Market Segmental Analysis
Global Protein Sequencing Market is segmented based on the application, technology, and region. Based on application, the Protein Sequencing Market is segmented into biopharmaceuticals and biotechnology research. Based on Technology, the Protein Sequencing Market is segmented into mass spectrometry and Edman degradation. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Protein Sequencing Market Analysis by Application
Based on application, global protein sequencing market was dominated by the biopharmaceuticals sector in 2021, and it is projected that this trend will continue during the forecast period. The increased use of protein sequencing in the creation of innovative biotherapeutics is blamed for this. Additionally, to guarantee complete sequence coverage of the biopharmaceutical molecule, the classification of biologic medications by protein breakdown to their component peptides is crucial.
Protein Sequencing Market Analysis by Technology
Based on Technology, The Edman degradation segment accounted for 58% of the total market share in 2021 and is predicted to increase rapidly in the future due to its widespread use in protein sequencing. The Edman degradation is also the most important method for analysing protein sequences. Peptides are degraded by phenyl isothiocyanate sequentially, beginning at the polypeptide's N-terminus. However, it is projected that over the forecast period, the mass spectrometry market would expand at the fastest rate. The rising use of the mass spectrometry technology for quick, quick, and long chain protein sequencing is to blame for this.
Protein Sequencing Market By application, 2021 (%), 2023 (%)
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Global Protein Sequencing Market Regional Insights
North America held the largest global protein sequencing market share and is anticipated to continue dominating over the projection period. The target market in the region is anticipated to expand as a result of rising funding for proteome research from public and private organisations, as well as the presence of significant important players in nations like the US and Canada. In the upcoming years, it is predicted that the Asia Pacific market will represent a sizeable portion of the market's value. During the forecast period, China is anticipated to see the fastest growth rate. Rising government initiatives and investments in life science research and development in nations like India and Japan are anticipated to assist the expansion of the target market. Europe Protein Sequencing Market is predicted to experience moderate revenue growth over the forecast period.
Global Protein Sequencing Market By application, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Protein Sequencing Market Dynamics
Protein Sequencing Market Driver
Technological Advancements to Drive Market Growth
- The factor projected to propel the expansion of the target market over the forecast period is improvements in clinical mass spectrometry and analytical procedures. In addition, growing financial support from the public and private sectors for proteome research is a key dynamic anticipated to fuel the development of the target market throughout the forecast period.
Protein Sequencing Market Restraint
High Cost to Hamper Market Growth
- The market growth over the projection period is largely constrained by the high cost of infrastructure. Additionally, factors limiting the growth of the global Protein Sequencing Market over the forecast period include the requirement for skilled researchers and laboratory personnel as well as the creation of pure protein samples.
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Global Protein Sequencing Market Competitive Landscape
Global Protein Sequencing Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Protein Sequencing Market Top Player's Company Profiles
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- Waters Corporation
- Agilent Technologies, Inc.
- PerkinElmer, Inc.
- Bruker Corporation
- Bio-Rad Laboratories, Inc.
- Shimadzu Corporation
- SCIEX (a subsidiary of Danaher Corporation)
- GE Healthcare
- Illumina, Inc.
- Sartorius AG
- AB Sciex Pte. Ltd. (a subsidiary of Danaher Corporation)
- Bioinformatics Solutions Inc.
- Genedata AG
- Luminex Corporation
- Genomic Health, Inc. (a subsidiary of Exact Sciences Corporation)
- Qiagen N.V.
- Promega Corporation
- Proteome Sciences plc.
Protein Sequencing Market Recent Developments
- In May 2022, Amphista Therapeutics announced a collaboration with Bristol Myers Squibb for discovering and developing small-molecule protein degraders.
- In January 2022, Amgen collaborated with Generate Biomedicines in order to discover and advance protein-based therapeutics for multiple fields.
Global Protein Sequencing Key Market Trends
Protein engineering is the manipulation of protein structures to achieve desired properties or the synthesis of proteins with specific structures. Bioformulations, such as antibodies, nucleic acid products, and vaccines, account for the vast majority of therapeutic drugs on the market today. The incorporation of unnatural amino acids is a field in protein engineering that companies are focusing on for the site-specific conjugation of functional moieties to biopharmaceuticals (uAA). Rapid advances in post-translational engineering and strain development to produce better-defined products should result in faster biopharmaceutical approval.
Global Protein Sequencing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Protein Sequencing Market analysis, in terms of application, the biopharmaceuticals segment held larger market share owing to high usage. In terms of technology, the Edman degradation segment dominates the market owing to high demand. Moreover, Specific residues on a peptide can be identified thanks to developments in single-molecule fluorescence devices and nanopore sensors. Proteomics research funding is increasing in both developed and developing countries, which is a major driver for market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.3 billion |
| Market size value in 2031 | USD 1.69 billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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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 Global Protein Sequencing 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
- Exhibit: Impact analysis of DROC, 2021
- 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 Global Protein Sequencing 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Global Protein Sequencing 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 Global Protein Sequencing 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 Global Protein Sequencing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Protein Sequencing 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.
Global Protein Sequencing Market Report Snapshots
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