Product ID: SQSG35G2025
Report ID:
SQSG35G2025 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
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.
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REQUEST FREE CUSTOMIZATIONProteomics Market size was valued at USD 25.2 billion in 2019 and is poised to grow from USD 29.35 billion in 2023 to USD 100.17 billion by 2031, growing at a CAGR of 16.55% in the forecast period (2024-2031).
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Product ID: SQSG35G2025