Future Outlook of the Proteomics Market: Growth, Trends, and Emerging Opportunities Explored
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What is the Expected Growth Rate of the Proteomics Market Based on Industry Projections?
In recent times, there has been a significant growth in the size of the proteomics market. It is projected to surge from $34.83 billion in 2024, reaching $39.71 billion in 2025, with a compound annual growth rate (CAGR) of 14.0%. The remarkable growth during the prior period can be ascribed to multiple factors including increased governmental funding for proteomics research, technological advancement, an upturn in healthcare expenditure, an expansion in the count of healthcare facilities, and economic surge in burgeoning markets.
The proteomics market is predicted to experience substantial growth in the immediate future. The market size is expected to expand to $66.18 billion by 2029, boasting a compound annual growth rate (CAGR) of 13.6%. The anticipated growth during this forecast period can be linked to the escalated funding for proteomics-related projects, increased demand for personalized medicine, a surge in research and development initiatives, and expansion in investments in biotech firms due to the COVID-19 pandemic. Significant trends for the forecast timeframe include prioritizing nanotechnology for the detection of less abundant samples, developing and improving cutting-edge technologies, introducing new products, and investing in technologies like artificial intelligence (AI) and enhanced real-time imaging.
What Strategic Factors Are Influencing the Accelerated Growth of the proteomics Market?
The proteomics market has been boosted by an increase in government funding for proteomics research. This financial support aids researchers in the sectors of drug discovery, disease diagnosis, and treatment. For example, Proteomics International Laboratories Limited, a company dedicated to proteomics and based in Australia, announced in May 2022 that it had received a substantial amount of $400,000 to enhance its operational capabilities within the country. The funding is allotted to the expansion of the production process of the PromarkerD test in Australia and South-East Asia, which includes advancing Proteomics International’s specific ISO 13485 certification. As such, the surge in government funding fosters growth in the proteomics market.
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What Companies Are At the Forefront of Innovation in the Proteomics Market?
Major companies operating in the proteomics market include:
• Danaher Corporation_x000D_
• Thermo Fisher Scientific Inc._x000D_
• Merck KGaA_x000D_
• Agilent Technologies Inc._x000D_
• PerkinElmer Inc._x000D_
How Are Emerging Trends in Consumer Behavior Affecting the Proteomics Market?
Businesses are introducing new offerings to enhance their profits and attain a competitive advantage over their competitors. For example, Bruker Corporation, an American scientific instruments producer, released the latest development in its revolutionary 4D Multiomics timsTOF platform in June 2022. The technology, known as the timsTOF HT system, showcased a novel 4th-generation TIMS (trapped ion mobility separation) XR cell and a 14-bit digitizer. These upgrades provide a broader dynamic range, better peptide coverage, and improved quantitation precision, particularly in unprejudiced 4D plasma and tissue proteomics and epiproteomics.
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What Are the Key Components of the Proteomics Market, and How Do Its Segments Perform?
The proteomics market covered in this report is segmented –
1) By Component: Reagents, Instruments, Software
2) By Instrument: Protein Microarrays, Spectroscopy, X-ray Crystallography, Chromatography, Electrophoresis, Surface Plasmon Resonance, Protein Fractionation
3) By Type: Core Instrument Services, Proteomic Analytical Services
Subsegments:
1) By Reagents: Protein Assays, Immunoassay Reagents, Spectroscopy Reagents, Chromatography Reagents, Electrophoresis Reagents
2) By Instruments: Mass Spectrometry, Chromatography Equipment, Electrophoresis Equipment, Microarray Instruments, X-ray Crystallography Instruments
3) By Software: Data Analysis Software, Bioinformatics Tools, Cloud-Based Platforms For Proteomics
What Regions Are Propelling Growth in the Proteomics Industry?
North America was the largest region in the proteomics market in 2024. Western Europe was the second largest region in the global proteomics market share. The regions covered in the proteomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Proteomics Market Categorized and Defined in the Industry?
Proteomics is the study of the structure and functions of proteins that are used in drug discovery, diagnosis, and treatment of diseases. Proteomics is used to evaluate the protein production rate, the involvement of proteins in metabolic pathways, and the modifications of proteins.
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