PUBLISHER: Orion Market Research | PRODUCT CODE: 1078005
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078005
Global Proteomics Market Size, Share & Trends Analysis by Product (Instrumentation Technology, Reagents, and Software and Services), and by Application (Clinical Diagnostics, Drug Discovery, and Other Applications) Forecast Period (2022-2028)
The global proteomics market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. The rising need for protein therapies and customized medicine, as well as the development of novel designed proteins, are likely to boost the use of proteomic technologies as diagnostic tools and in the drug development process, propelling the overall market forward.In addition, ongoing breakthroughs in medication research and biotechnology are propelling the industry forward. Proteomic systems are used to help simplify the drug discovery process and are an important aspect of the chemical production and biological testing of many medications.
The global proteomics market is segmented based on products and applications. Based on the product, the market is segmented into instrumentation technology, reagents, and software and services. The instrumentation technology is further segmented into spectroscopy, chromatography, electrophoresis, protein microarrays, x-ray crystallography, and other instrumentation technologies. Further, based on the application segment, the market is segmented into clinical diagnostics, drug discovery, and other applications.
The global proteomics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American regional market is expected to cater to considerable growth during the forecast period followed by Asia-Pacific and Europe.
The major companies serving the global proteomics market include Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Merck KGaA, Promega Corporation, Thermo Fisher Scientific, Inc., and Waters Corporation, among others. The players have adopted various developmental strategies for expanding their market share, increasing profitability, and remaining competitive in the market. For instance, Thermo Fisher Scientific bought Phitonex, Inc. in December 2020. Thermo Fisher will be able to offer more flow cytometry and image multiplexing capabilities thanks to Phitonex's product offering, which will help them satisfy changing client needs in protein and cell analysis research.
Research Methodology
The market study of the global proteomics market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Biotechnology