The global proteomics market size was garnered $24.43 billion in 2018 and is expected to reach $72.56 billion by 2026, registering a CAGR of 14.7% from 2019 to 2026. The report offers a comprehensive analysis of top winning strategies, recent developments, market dynamics, key segments, and market players.
Rise in prominence of personalized medicine, surge in R&D expenditure, and technological advancements related to proteomics components facilitate the growth in the market. However, scarcity of skilled professionals and high costs related to proteomics components hinder the growth in the market. On the other hand, opportunities related to biomarker identification and advancements in mass spectrometry-based proteomics create new opportunities in the industry.
Reagents segment will continue to lead in terms of revenue by 2026
Based on component, the reagents segment contributed more than three-fourths of the total market share in 2017 and will continue to lead by 2026. This is due to increase in usage as binding materials and precursors of chemical reactions during the protein structure analysis and characterization. However, the instruments segment is expected to grow at the highest CAGR of 16.3% from 2018 to 2026, owing to considerable increase in R&D activities for the development of novel instruments for studying the structure of proteins.
Drug delivery application to maintain its lead position during the forecast period
The drug delivery application contributed nearly three-fifths of the total market share in 2017 and will maintain its lead position during the forecast period. This is due to focus on development of precision medicine, which in turn, result in the growth for drug discovery using proteomics. The research also analyzes disease diagnosis and other applications.
Asia-Pacific to grow the fastest
Asia-Pacific is expected to witness the highest growth rate, with a CAGR of 16.8% from 2018 to 2026, owing to surge in demand for drug discovery and increase in proteomics projects such as the China proteome project in the region. On the other hand, North America accounted for nearly two-fifths of the total market share in 2017 and will maintain its leadership status by 2026. This is due to rise in funding by various organizations, implementation of agreements and collaborations strategies, and surge in R&D investments.
Key market players analyzed in the industry include Thermo Fisher Scientific Corporation, Luminex Corporation, Agilent Technologies, Bio-Rad Laboratories, Inc., Danaher Corporation, Inc., Waters Corporation, GE Healthcare, Caprion Proteomics Inc., and PerkinElmer, Inc. They have adopted various strategies including expansions, collaborations, partnerships, joint ventures, mergers & acquisitions, and others to gain a strong position in the market.
The report analyzes and forecasts the proteomics market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global proteomics market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the proteomics market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of proteomics market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Global Tumor Ablation Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Minimally Invasive Surgical Instruments Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Biosurgery Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Dental Implants Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Cell Analysis Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...