The global proteomics market is expected to
reach over USD 24.8 billion by 2024 according to a new report by Grand View
Research, Inc. The introduction of technology-enabled proteomics products is
one of the high-impact rendering drivers for the proteomics market growth.
These products find extensive applications in drug discovery, diagnostic
services, and many other research areas. The increasing market penetration of
these technologies, such as ESI-LC-MS (electrospray ionization liquid
chromatography mass spectrometry), is expected to serve as a driver of this
market.
Proteomics has become a powerful
tool for treating various diseases such as diabetes, fatty liver, obesity, and
deadly cancers. It is difficult to cure these diseases as body responses vary
from person to person; to overcome this problem, researcher from Ecole
Polytechnique Fédérale de Lausanne and ETH Zurich in Switzerland developed
method to define metabolic differences between individuals. This is expected to
drive the demand for proteomics over the forecast period.
The presence of organizations
such as the Human Proteome Organization promotes the development of new
techniques, technologies, and training pertaining to the field of proteomics.
This is expected to propel the market growth over the forecast period.
Browse full research report on Global
Proteomics Market: http://www.grandviewresearch.com/industry-analysis/proteomics-market
Further Key Findings From
the Study Suggest:
- The reagents segment dominated the product segment in 2015 and is expected to witness a lucrative growth with a CAGR of over 8.5%. Extensive usage of reagents for R&D activities and the introduction of novel biomarker-specific kits, such as Pro2PSA biomarker for prostate cancer and CA27.29biomarkers for breast cancer, are the factors responsible for its large market share.
- The instruments segment is anticipated to show a significant growth over the forecast period. The major factor responsible for the growth is the rising demand for user-friendly, cost-effective, rapid, and accurate devices
- In 2014, the protein microarray segment occupied over45% of the market share of the proteomics market, owing to the high usage rates of this technology. Microarray technology has the ability to track the protein interactions and performs chromatography and 2-Delectrophoresis in a comparatively lesser time.
- The spectroscopy segment is one of the fastest growing segments of proteomics market. The introduction of novel technologies such as Orbitrap Mass spectroscopy and the increasing demand for rapid and accurate devices for complete analysis of proteins are the factors responsible for its fastest growth.
- North America held the largest share of over 40% in 2015. The presence of favorable government initiatives and the growing adoption of personalized medicines are the key factors that can be attributed to the major revenue share in the market.
- Asia Pacific is expected to be the fastest growing with a share of over 12% in 2015.The growing prevalence of chronic diseases in the developing countries is a key factor responsible for the fastest growth in Asia Pacific.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the proteomics
market on the basis of product, technology, application, and region:
Proteomics Market Product Outlook, by Revenue (USD
Million, 2013 & 2024)
- Instruments
- Reagents
- Services
Proteomics Market Technology Outlook, by Revenue (USD
Million, 2013 & 2024)
- Microarray Instruments
- X-Ray Crystallography
- Spectroscopy
- Chromatography
- Protein Fractionation Systems
- Electrophoresis
- Surface Plasma Resonance Systems
Proteomics Market Application Outlook, by Revenue (USD
Million, 2013 & 2024)
- Drug Discovery
- Clinical Diagnosis
- Others
Proteomics Market Regional Outlook, by Revenue (USD
Million, 2015 & 2024)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- MEA
- South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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