Proteomics Market to Register Robust CAGR through 2025

Increase in research activities across the globe along with rising government funding to drive the growth of global proteomics market

According to TechSci Research report, “Global Proteomics Market By Application (Drug Discovery, Diagnostic Biomarker Discovery, Others), By Indication (Infectious Disease, Cardiology, Others), By Technology (Conventional, Advanced, Others), By Type (Functional, Expression, Others), By Product (Software, Instruments, Others), By End-User (Pharmaceutical and Biotechnology Companies, Research institutes, Others), By Region,  Competition, Forecast & Opportunities, 2025”, global proteomics market is expected to grow an impressive CAGR during the forecast period. Growing application of proteomics in discovery of new drugs is one of the major factor accounting for the growth of global proteomics market. Moreover, use of proteomics during the development of personalized medicines is further expected to bode well for the growth of global proteomics through the forecast years. In addition to this, rising awareness pertaining to the benefits of personalized medicines, is leading to increased expense in research activities for the development of proteomics by the leading companies as well as government organizations which in turn is expected to positively influence the growth of global proteomics market over the years to come. Also, identification of potential new drugs for the treatment of several diseases such as genetic disorders, birth disorders, among others is making headway for the growth of global proteomics market across the globe. However, there are some factors that can act as major impediments to the growth of global proteomics market through 2025 such as high cost of instruments and hardware.

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Global proteomics market can be segmented based on application, indication, technology, type, product, end-user, company and region. Considering the end-user, the market is fragmented into pharmaceutical and biotechnology companies, research institutes, CROs. The pharmaceutical and biotechnology companies segment dominated the global proteomics market in terms of largest market size until 2019 and is further anticipated to lead the market during the forecast period as well which can be accredited to growing use of proteomics in drug discovery. Additionally, requirement for protein therapeutics, including hormones, vaccines, monoclonal antibodies, among others is further aiding the growth of the segment through 2025. In terms of product, the market is fragmented into instruments, reagents, resins, software and others. Out of which, the reagents segment is anticipated to grow at a high pace during the forecast period, which can be accredited to their routine adoption in proteomics protocols.

Thermo Fisher Scientific, Agilent Technologies, Waters Corporation, Bio-Rad Laboratories, GE Healthcare, PerkinElmer, Creative Proteomics, Luminex Corporation, Promega Corporation, Caprion, Bruker, Pfizer, Horiba, Qiagen, Becton Dickinson, Bioproximity, Biocon, Evotec, Bristol-Myers Squibb, Illumina, Takeda Pharmaceuticals are among others are the leading players operating in global proteomics market. The players are adopting several growth strategies to enhance the market scenario of proteomics market. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position.

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“North America is forecast to dominate the global proteomics market during the next 5 years on account of presence of major market players in the region. Moreover, growing expenditure on the development of structure-based drug designs coupled with increasing research in the fields of omics is also contribute to the growing trend. Furthermore, Asia-Pacific is forecast to register high growth through 2025 due to growing biotechnology research, and rising awareness on personalized therapeutics. Furthermore, need for high-quality research tools for data reproducibility is further expected to boost the market growth in Asia-Pacific region until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Proteomics Market By Application (Drug Discovery, Diagnostic Biomarker Discovery, Others), By Indication (Infectious Disease, Cardiology, Others), By Technology (Conventional, Advanced, Others), By Type (Functional, Expression, Others), By Product (Software, Instruments, Others), By End-User (Pharmaceutical and Biotechnology Companies, Research institutes, Others), By Region,  Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global proteomics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global proteomics market.

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