The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global protein characterization and identification market is set to experience substantial growth, escalating from $14.67 billion in 2022 to $16.76 billion in 2023, representing an impressive compound annual growth rate (CAGR) of 14.3%. The market’s upward trajectory is poised to continue, with an anticipated expansion to $28.50 billion in 2027, maintaining a robust CAGR of 14.2%. Let’s delve into the key drivers fueling this growth, the prominent players shaping the market, and the pivotal role of product innovation.

Driving Force: Surging Drug Development Activities
A significant catalyst behind the surge in the protein characterization and identification market is the increasing pace of drug development activities. As the pharmaceutical landscape witnesses a continuous influx of novel therapeutic molecules, the demand for precise protein characterization and identification becomes paramount. Accurate measurement of protein quantities is crucial not only for determining drug product doses but also for quantifying various critical quality attributes. In 2020, 66 new active substances (NAS) were globally launched for the first time, with 40% attributed to emerging biopharma businesses, according to a report by the IQVIA Institute for Human Data Science. This underlines the vital role played by protein characterization and identification in the dynamic field of drug development.

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Key Players: Shaping the Landscape
Major players in the protein characterization and identification market are at the forefront, contributing to its growth and innovation. Companies like Agilent Technologies Inc., Bio-Rad Laboratories Inc., and Thermo Fisher Scientific Inc. are instrumental in offering cutting-edge solutions and sustaining market dynamics. Product innovation emerges as a pivotal trend, exemplified by the recent launch of the Fast Glycan Labeling and Analysis kit and software upgrade for the Biologics Explorer program by SCIEX. These innovations are designed to enhance the speed and accuracy of biotherapeutics characterization, showcasing the industry’s commitment to advancement.

Market Segmentation: Tailored Solutions for Varied Needs
The protein characterization and identification market is strategically segmented to address diverse industry requirements:

• Product Type: Consumables, Instruments, Services
• Application: Drug Discovery And Development, Clinical Diagnosis
• End User: Pharmaceutical And Biotechnology Companies, Academic Research Institutions, Contract Research Organizations, Other End Users

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Regional Dynamics: North America Takes the Lead
As of 2022, North America stands as the largest region in the protein characterization and identification market. The comprehensive global market report covers key regions, including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa, offering insights into regional nuances and dynamics.

Innovation Spotlight: Enhancing Biotherapeutics Characterization-
Product innovation remains a key trend in the protein characterization and identification market, with companies continually developing solutions to meet evolving industry demands. SCIEX’s launch of the Fast Glycan Labeling and Analysis kit and Biologics Explorer software upgrade exemplifies the industry’s commitment to advancing technologies for quick and accurate biotherapeutics characterization.

The Protein Characterization And Identification Global Market Report 2023  provides a comprehensive overview on the protein characterization and identification market size, protein characterization and identification market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the protein characterization and identification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Protein Labeling Global Market Report 2023
Therapeutic Proteins Global Market Report 2023
Protein Inhibitors Global Market Report 2023

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