USD 25.39 billion
Report ID: SQSG35G2025 | Region: Global | Published Date: October, 2022 | Pages: 157 | Tables: 94 | Figures: 80
Global Proteomics Market Size was valued at USD 25.39 billion in 2021, and it is expected to reach a value of USD 75.29 billion by 2028, at a CAGR of more than 16.8% over the forecast period (2022- 2028).
According to Globocan, there will be 19.3 million new cases of cancer worldwide in December 2020, with 10 million cancer-related deaths reported. CVDs are also one of the leading causes of death worldwide. According to the WHO (2021), target diseases kill 41 million people each year. Thus, as the prevalence of life-threatening diseases rises, so does the demand for personalised therapies, resulting in a positive impact on the industry. Another factor expected to drive proteomics market growth is the rising prevalence of chronic diseases such as cancer, cardiovascular Diseases (CVDs), respiratory diseases, CKD, and others.
Increased investments in proteomics R&D are a growth driver in the field of proteomics. The National Institutes of Health (NIH) of the United States provided $37 billion for biomedical research. This funding was intended to support life sciences research that sought to understand the fundamental processes by which diseases develop, such as the identification of biomarkers that indicate the presence of disease or the identification of the gene/protein responsible for the disease. The Novo Nordisk Foundation awarded the University of Copenhagen a grant of up to $1.5 million to establish a mass spectrometry facility, which is a significant step forward in protein research. The Global Proteomics Market is also expected to pick up steam following the consistent resumption of the activities in the midst of the pandemic which has caused a worldwide disruption in operating activities.
Global Market Size
USD 25.39 billion
Reagents & Consumables
more than 16.8% CAGR
To get more reports on the above market click here to Buy The Report
The global proteomics market is segmented based on the product, technology, application and region. Based on the product, it is segmented into services, reagents & consumables, and instruments. Based on Technology, it is segmented microarray instruments, x-ray crystallography, spectroscopy, chromatography, protein fractionation systems, electrophoresis, surface plasma resonance (SPR) systems. Based on the application, it is segmented into drug discovery, clinical diagnostics, others. Based on region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Product
The global proteomics market is segmented based on product into services, reagents & consumables, and instruments. In 2021, the reagents and consumables segment accounted for more than 70% of global revenue. During the forecast period, the segment is expected to grow at the fastest rate. This is due to the widespread use of reagents & consumables, kits, chemicals, and strips for the examination of various biological samples in academic institutions, research labs, and other institutions, which will increase demand for reagents & consumables, thereby fueling segment growth. Furthermore, technological advances in advanced instruments, such as 2-D electrophoresis protein Analyzers, that improve the speed, efficiency, and throughput of biological research, would support proteomics market growth.
To get detailed analysis on other segments, Request For Sample Report
The global proteomics market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America dominated the industry in 2021, accounting for 45% of total revenue. This is due to increased investments in structure-based drug design, growth in omics research, demand for high-quality research tools for data reproducibility, and focus on the development of tailored treatments. Partnerships and collaborations among major companies in this region are also assisting in the market's expansion. Thermo Fisher Scientific Inc. and Symphogen, for example, collaborated to develop validated platform processes for the streamlined characterization and quality monitoring of complex therapeutic proteins.
The Asia Pacific region is expected to grow at the fastest CAGR between 2022 and 2038, owing to an increase in proteomics-based project outsourcing, public and private funding for proteomics research and development, favourable government regulations, rising prevalence of target diseases with an ageing population, and rising proteomics adoption. For example, the University of Hyderabad received $60 million in funding from the Indian government's Department of Biotechnology in November 2021 to study the tomato proteome. Such government measures to support proteomics research are driving the market in Asia Pacific.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
To increase their industry presence, key players are implementing various strategies such as mergers and acquisitions, geographical expansion, and strategic collaborations. Seer, Inc., for example, announced the Broad Commercial Release of The Proteograph Product Suite and the Centers of Excellence programme in January 2022. The Proteograph Product Suite provides unbiased, unrivalled access to the proteome. The method employs specially designed nanoparticles to create a game-changing product that enables rapid, thorough, and unbiased proteomics at scale.
Top Company Profiles
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 proteomics market analysis, the growing prevalence of cancer and other diseases is driving the Global Proteomics Market. Proteomics research is ongoing, and it can help doctors understand how proteins react in a highly dynamic environment, such as in cancer patients. It is due to the ability of the field of proteomics to obtain significant information in the form of biomarkers. However, there are significant impediments to the Global Proteomics Market's expansion. It is difficult to enter the field of proteomics unless you are prepared to spend a significant amount of capital on the equipment used to carry out the procedures, as well as the associated risk of failure due to the research being carried out using a trial-and-error method.
|Market size value in 2021||USD 25.39 billion|
|Market size value in 2028||USD 75.29 billion|
|Growth Rate||more than 16.8%|
|Forecast period||2022- 2028|
|Forecast Unit (Value)||USD Billion|
|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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Proteomics 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 Proteomics 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Proteomics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Proteomics 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.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG35G2025