Proteomics Market To Gain Demand Quickly Due To Rising Applications In Drug Discovery, Diagnostic Services Till 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
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-proteomics-market
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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