Global Proteomics Market size and share is expected to reach USD 23.2 billion with expanding at a CAGR of 14.1% over the forecast period (2018 to 2023). The Global proteomics market is expected to witness significant growth owing to rising demand for personalized medicines and increasing activities of drug discovery in Healthcare industry. Proteomics is used in drug discovery and clinical diagnosis for a number of applications such as the investigation of protein expression, metabolic pathways, transcriptional & post-transcriptional studies, protein interaction in diseases, etc. Moreover, the burgeoning sectors such as healthcare and pharmaceutical escalate the market share on the global platform.
However, factors such as the strict FDA regulations, huge capital investment with low-profit margins, are hampering the market growth. Furthermore, factors such as the rising funding & reimbursement, increasing government assistance and improving regulatory framework would support the growth of the market during the assessment period. Also, the growing geriatric population and technological advancements in the medicinal field are contributing to the growth of the market.
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Proteomics Market Competitive Analysis:
leading companies in the Global Proteomics Market include
- Luminex Corporation
- PerkinElmer Inc.
- Merck KGaA
- Caprion Biosciences Inc
- Bio-Rad Laboratories Inc
- General Electric Company
- Siemens Ltd
- Agilent Technologies, Inc
- Thermo Fisher Scientific Inc. Inc
- Genzyme Corporation
- Biognosys AG
Proteomics Market Segmentation:
Global Proteomics Market has been segmented on the basis of
Based on Equipment, Proteomics Market sub segmented into
- X-ray Crystallography
- Protein Fractionation
- Mass Spectroscopy
- Protein Microarray
Based on Services, Proteomics Market sub segmented into
- Laboratory Services
- Data Analysis
Based on Application Proteomics Market sub segmented into
- Drug Discovery
- Clinical Diagnosis
Global Proteomics Market Regional Analysis:
The North American region, heading with the rising funding from government dominates the global Proteomics market. Moreover, factor such as the spreading awareness towards cost-effective applications of proteomics and increasing demand for personalized medicines drive the growth of the regional market. The increasing consumption of medicines led by the prevalence of chronic diseases, well-established healthcare sector, and the growing trend of personalized medicines are some of the other key driving forces behind the market growth in the region.
Also, factors such as the high healthcare expenditures, and augmenting demand for the novel drug discoveries substantiate the growth of the Proteomics market in the North American region. The North America Proteomics market is projected to grow at a substantial CAGR, creating a larger revenue pocket by 2023.
The Proteomics market in the European region accounts for the second-largest market, globally. Factors such as financial support by the government for cancer research activities and the patent expiration of numerous blockbuster drugs are estimated to drive the regional Proteomics market. Furthermore, the burgeoning pharmaceutical industry is a key driving force fostering the growth of the regional market and allowing it to grow at a considerable CAGR.
The Asia Pacific Proteomics market is rapidly emerging as a promising market, globally. The availability of cost-competitive skilled labor force and raw materials are the key driving forces behind the growth of the regional market, encouraging foreign investors to shift their production bases in this rapidly growing market.
Additionally, factors such as the huge developments in the pharmaceutical sector, demand for breakthrough drug discoveries, and huge patient pool propels the growth in the regional market. The increasing demand for personalized medicine that is led by the rising prevalence of cancer and other such diseases and presence of a large number of manufacturers of personalized drugs will support the regional market to register a phenomenal CAGR throughout the forecast period.
Table Of Content:
- Report Prologue
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Proteomics Market By Equipment
- Global Proteomics Market By Service
- Global Proteomics Market By Region By Application
- Global Proteomics Market By Region
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