New York, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Overview
The Global Proteomics Market size is expected to reach USD 27.0 billion by 2024 and it is further anticipated to reach a market value of USD 92.8 billion in 2033 at a CAGR of 14.7%.
The proteomics market is continuously expanding around the world depending on new technology, an understanding of the biological process, and personalized medicine. Some of the main driving forces are strong research and development, sufficient financial support, and the presence in a large number of fields such as clinical diagnosis, new drug development, and biomarker identification.
Protein and peptide separation technologies such as mass spectrometry chromatography, and bioinformatics further expand proteomic applications in academics, pharmaceutical, biotechnology, and diagnostic laboratories.
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Important Insights
- Market Value: This market size is expected to reach a value of USD 92.8 billion by 2033 from a base value of USD 27.0 billion in 2024 at a CAGR of 14.7%.
- Product Segment: Products, reagents, and consumables are expected to dominant this segment in the proteomics market as it holds 69.1% of the market share in 2024.
- Technology Segment: Spectroscopy is projected to hold a prominent position among various technologies in the global proteomics market in 2024.
- Application Segment: Based on application, clinical diagnostics is projected to dominate this segment as it holds 52.9% of the market share in 2024.
- Regional Insights: North America is projected to hold a dominant position in the global proteomics market as it contains 47.3% of the market share in 2024.
Latest Trends
- Technological Advancements: Mass spectrometry, Bioinformatics, and nano proteomics are the most influential trends that are continuously contributing to the market by continuously developing better protein analysis tools. The new techniques of mass spectrometry provide higher sensitivity and faster rate of analysis which may be utilized for large-scale proteomic data analysis.
- Integration with AI and Machine Learning: AI and machine learning improve data processing, and predictive models and develop specific treatments for diseases in proteomics. By consuming immense data flows, they can identify biomarkers, as well as contribute to the creation of individual therapy maps based on proteomic markers.
Proteomics Market: Competitive Landscape
- The major companies present in the global proteomics market are large-scale companies like Agilent Technologies, Thermo Fisher Scientific, and Danaher Corporation who bring into the field the latest mass spectrometers and chromatography systems for protein analysis.
- There are new entrants like Biognosys and SomaLogic which are focused on proteomics mass spectrometry solutions biomarkers discovery protein, and microfluidic systems. It relies heavily on technology and research as well as on cooperation with universities and other research establishments.
Some of the prominent market players:
- Thermo Fisher Scientific Inc.
- Alumna Incorporated
- Creative proteomics
- GE Healthcare
- Illumina Inc.
- Agilent Technologies Inc.
- Bio - Rad Laboratories Inc.
- GE Healthcare
- Bruker Corporation
- Hoffmann-La Roche Ltd.
- Promega Corp.
- Merck KGaA.
- Danahery
- Other Key Players
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Proteomics Market Scope
| Report Highlights | Details |
| Market Size (2024) | USD 27.0 Bn |
| Forecast Value (2033) | USD 92.8 Bn |
| CAGR (2024-2033) | 14.7% |
| Leading Region in terms of Revenue Share | North America |
| Percentage of Revenue Share by Leading Region | 47.3% |
| Historical Data | 2018 - 2023 |
| Forecast Data | 2024 - 2033 |
| Base Year | 2023 |
| Estimate Year | 2024 |
| Segments Covered | By Product, By Technology, By Application, By End User |
| Regional Coverage | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Market Analysis
Reagents and consumables are projected to dominate the proteomics market, holding 69.1% of the market share in 2024, with growth expected through 2033 Such factors include a better and well-developed life sciences market, health care sector, availability of sufficient funding, and high prevalence of diseases.
Some of the players are Thermo Fisher Scientific and Agilent Technologies which are very instrumental in spearheading new technologies. The region enjoys a strong academia-industry nexus, support from the governing bodies at the country level through the FDA, and early access to next-gen technologies that strengthen North America’s status as the leading region for proteomics market.
Growth Drivers
- Rising Incidence of Chronic Diseases: The growing incidence of diseases of modern civilization like cancer and diabetes is driving proteomics to garner better insights into the ailments and to create treatment strategies as per the same. Proteomics helps in the molecular diagnosis of diseases and the generation of disease diagnostic markers and therapeutic targets.
- Increased Research Funding: Many governments, private companies as well as research foundations offer significant funding to proteomics research and development; new tools are being developed while research is very active. Such efforts, as in the Human Proteome Project, are becoming very essential for the study of the human body and diseases.
Restraints
- High Costs: Proteomics instruments and technologies are costly, making them to be out of reach for many investigators including those in developing countries or small laboratories. The operational and maintenance costs escalate, and it requires skilled individuals to manage the machinery, adding to the overall cost.
- Complex Data Analysis: Proteomics data is not all-encompassing or simple and it calls for sophisticated techniques and bioinformatics to analyze and compare it with other biological data. One of the major issues is that there are no specific procedures for working with Big Data and the system’s inability to integrate with others, with other data platforms.
Growth Opportunities
- Expansion in Emerging Markets: In emerging markets, proteomics is expected to provide good market growth with increasing healthcare costs and better infrastructure in Asia-Pacific, Latin America, and Middle East regions. These regions are considered potential grounds for companies working in the field of proteomics to expand the size of their market share.
- Personalized Medicine: The growth of market demand increases due to growing awareness of biomarkers as proteomics gives essential information for developing the appropriate therapies. This methodology decreases adverse effects and increases the efficacy of the treatment options since they are determined by the person’s genotype.
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Proteomics Market Segmentation
By Product
- Reagents & Consumables
- Antibodies and Antigens
- Buffers and Solvents
- Enzymes
- Kits and Assays
- Instruments
- Mass Spectrometers
- Chromatography Systems
- Microarray Instruments
- Electrophoresis Systems
- Spectroscopy Instruments
- Services
- Protein Identification and Characterization
- Quantitative Proteomics
- Post-translational Modifications (PTMs) Analysis
- Bioinformatics Analysis
By Technology
- Spectroscopy
- Mass Spectrometry
- NMR Spectroscopy
- CD Spectroscopy
- Microarray Instruments
- X-Ray Crystallography
- Chromatography
- HPLC Chromatography
- Ion Chromatography
- Affinity Chromatography
- Superficial Chromatography
- Electrophoresis
- Gel Electrophoresis
- Capillary Electrophoresis
- Protein Fractionation Systems
- Surface Plasma Resonance System
By Application
- Clinical Diagnostics
- Biomarker Discovery and Validation
- Diagnostic Assays
- Personalized Medicine
- Drug Discovery
- Target Identification and Validation
- Lead Compound Screening
- Mechanism of Action Studies
- Toxicology Studies
- Other Application
By End User
- Hospitals
- Clinical Laboratories
- Pharmaceutical & Biotechnology Companies
- Academic Research Laboratories
- Other End Users
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Regional Analysis
North America, is expected to hold 47.3% of the global proteomics market share in 2024 and is projected to grow further through 2033. Such factors include a better and well-developed life sciences market, health care sector, availability of sufficient funding, and high prevalence of diseases.
Some of the players are Thermo Fisher Scientific and Agilent Technologies which are very instrumental in spearheading new technologies. Well-coordinated academic-industry relationships, the backing of the FDA, and first-mover advantage to new instruments and products also support North America’s position in proteomics market.
By Region
North America
- The U.S.
- Canada
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
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Recent Developments in the Proteomics Market
- June 2024: Caprion Proteomics Inc launched a new proteomics platform integrating AI for enhanced biomarker discovery and disease diagnostics.
- May 2024: Thermo Fisher Scientific secured a USD 50 million investment in a public-private partnership aimed at advancing nano proteomics research and development.
- April 2024: Merck & Co. and academic research laboratories established a major collaboration to accelerate proteomics-based drug discovery and development.
- March 2024: Agilent Technologies introduced advancements in mass spectrometry, providing more accurate and rapid protein analysis, boosting the market.
- February 2024: A study by Pfizer highlighted proteomics' role in understanding protein mechanisms in Alzheimer's disease, opening new treatment avenues.
- January 2024: Bruker Corporation introduced innovative bioinformatics tools designed to streamline data analysis and integration in proteomics research.
- December 2023: Private funding for proteomics research reached a new high, with venture capital firms investing in start-ups focused on proteomics technologies, including Quantum-Si.
- November 2023: Bio-Rad Laboratories announced a breakthrough in proteomics, revealing new biomarkers for early cancer detection, showcasing proteomics' potential in clinical outcomes.
- February 2023: Waters Corporation acquired Wyatt Technology, enhancing their portfolio of separation and detection solutions across various applications.
- October 2022: Agilent Technologies Inc. and CMP Scientific Corporation entered into a co-marketing agreement to provide an integrated capillary electrophoresis-mass spectrometry solution for the life science and pharmaceutical industries.
- August 2022: Bruker Corporation launched the nanoElute 2 nano-LC, MetaboScape and TASQ 2023 software for fluxomics, and latest advances in PaSER intelligent acquisition to enhance research in protein-protein interactions (PPIs) and metaproteomics applications.
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