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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