Wellesley, Mass, March 15, 2017 (GLOBE NEWSWIRE) -- BCC Research has published an important analysis of the development and growth of the protein labeling market.
The report analyses current technologies, future innovations, significant players and market forces that are driving interest in both clinical diagnostics and drug research applications.
The global market for companion diagnostics was estimated to be US$1.9 billion in 2015, and the market is expected to grow to nearly US$2.1 billion by the end of 2016. Driven by the intensification of drug R&D, the availability of new effective and more convenient tests, plus wider use in emerging economies, the market is expected to accelerate to reach US$4.2 billion by the end of 2021, growing at a CAGR of 14.1% for the period 2016 through 2021.
Innovation is critical to the protein labeling sector’s growth. Kit-based protein labeling, probes and tags, are being replaced by chemically synthesized tags through click chemistry and other newer and improved technologies. Synergistic advances in optical physics, probe design, molecular biology and computational analysis have resulted in the design and development of new protein-labeling technologies that have the potential to profitably propel the future protein labeling market.
“The ability of scientists to identify, label and track proteins and protein mutation is critical to the diagnosis and deep understanding of disease. Its impact for the patient and for the development of targeted medicines is critical,” commented BCC Research Editorial Director Kevin Fitzgerald.
BCC Research’s Protein Labeling: Technologies and Global Markets is an insightful market research report which presents expert analysis of the current market, future value, market environment, technical innovations and companies which are defining this critical technology sector.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.