The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Market Growth

The protein detection and quantification market has experienced significant growth recently:

• 2023: $2.09 billion
• 2024: $2.28 billion (8.7% CAGR)

Drivers of Growth:

• Chronic Diseases: Increased prevalence has driven demand for protein detection.
• Clinical Diagnostics: Expanded applications in diagnostics have boosted market size.
• Personalized Medicine: Growing emphasis on tailored treatments is a major factor.
• Proteomics Research: Rising interest in proteomics has contributed to market expansion.

Future Market Projections

The market is set for continued expansion:

• 2028: $3.22 billion (9.0% CAGR)

Anticipated Growth Factors:

• Personalized Medicine: Ongoing demand will support market growth.
• Biotechnology and Diagnostics: Increased applications in these fields are expected.
• Automation and Robotics: Adoption of these technologies will drive further growth.
• Point-of-Care Testing: Increasing use will contribute to market expansion.

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Key Trends:

• AI Integration: Implementation of AI-powered platforms in protein detection.
• Collaborations: Increased partnerships and collaborations among companies.
• Technological Advances: Innovations in technology and research on multiplexing.

Impact of Personalized Medicine

Personalized medicine is a significant driver of market growth:

• Tailored Treatments: Focuses on customizing treatments based on individual patient needs.
• Omics Technology: Rapid advancements are fueling the growth of personalized medicine.
• Biomarkers: Protein detection helps in identifying biomarkers for patient-specific care.

Noteworthy Developments:

• 2022: 12 new personalized medications were approved, representing 34% of new treatments.

Major Players in the Market

Key companies shaping the protein detection and quantification market include:

• Roche Diagnostics
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Merck KGaA
• GE HealthCare
• Agilent Technologies Inc.
• Illumina Inc.
• Sartorius AG
• PerkinElmer Inc.
• Shimadzu Corporation
• Waters Corporation
• Bio-Rad Laboratories Inc.
• RayBiotech Life Inc.
• Bio Scientific Research Laboratories

Innovations Driving Market Growth

Innovative technologies are propelling the market forward:

• Protein Co-detection Kits: Enable simultaneous detection of multiple proteins.
• Example: In September 2022, Vizgen Inc. launched the Protein Co-detection Kit for the MERSCOPE Platform, enhancing single-cell analysis and precision medicine.

Recent Developments

Waters Corporation Expansion:

• February 2022: Acquired technology assets of Megadalton Solutions Inc. to expand into cell and gene therapy, enhancing its analytical capabilities.

Market Segmentation

By Products:

• Kits and Reagents
• Instruments
• Services

By Technology:

• Colorimetric Assays
• Immunological Methods
• Chromatography
• Mass Spectrometry
• Spectroscopy Instruments
• Other Technologies

By Application:

• Drug Discovery and Development
• Clinical Diagnosis
• Other Applications

By End User:

• Academic Research Institutes
• Biotechnology and Pharmaceutical Companies
• Contract Research Organizations
• Other End-Users

Regional Insights

Current Leader:

• North America: Largest market in 2023.

Fastest Growing Region:

• Asia-Pacific: Expected to experience the highest growth in the forecast period.

The protein detection and quantification market is poised for robust growth driven by technological advancements, the rise of personalized medicine, and an increasing focus on proteomics research.

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