Proteomics Market Is Anticipated To Reach $24.8 Billion By 2024: Grand View Research, Inc.
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 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.
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