Protein Characterization And Identification Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theProtein Characterization And Identification Market?
The protein characterization and identification market is being propelled by the escalating activities in drug development. Drug development refers to the introduction of a new therapeutic molecule for clinical use. Accurate determination of protein quantities is essential during the development of a biopharmaceutical drug and other research projects, which can be achieved through protein characterization and identification. Measuring the protein content with the highest level of accuracy and precision is crucial for determining the dosage of the drug product and quantifying most other vital characteristics. For instance, the European Federation of Pharmaceutical Industries and Associations, a lobbying organization and trade association based in Belgium, indicated that the production value in the pharmaceutical sector rose from $385.1 million (€363,300 million) to an estimated $413.4 million (€390,000 million) between 2022 and 2023, signaling a significant rise in drug development activities. Hence, the surge in drug development activities is driving the growth of the protein characterization and identification market.
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How Will the Growth Rate of theProtein Characterization And Identification Market Impact Industry Trends by 2034?
In the last few years, the market size for protein characterization and identification has experienced a swift expansion. The market, starting from $18.93 billion in 2024, is forecasted to rise to $21.61 billion in 2025, signifying a compound annual growth rate (CAGR) of 14.1%. Contributing factors for this growth during the historical period comprise an increase in proteomics research, emphasis on disease mechanisms, the integration of bioinformatics, determination of protein structure, along with the shift from genomics to proteomics.
The market for protein characterization and identification is set to experience significant expansion in the coming years, ballooning to a value of $39.82 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 16.5%. This increase over the forecast period is primarily due to the burgeoning demand for bioinformatics solutions, the upswing in biopharmaceuticals, the progress of precision medicine, along with a surge in research funding and the broadening scope of biomedical research. Key trends for the forecast period encompass advancements in mass spectrometry, the use of proteomics in drug development, improvements in chromatography, and the utilization of automation and high-throughput methods, all underpinned by the integration of bioinformatics.
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Which Upcoming Market Trends and Innovations Are Set to Influence theProtein Characterization And Identification Market’s Path Forward?
The trend of product innovation is integral in the protein characterization and identification marketplace. To remain competitive, key market players are focusing on the development of groundbreaking solutions. A case in point is SCIEX, a life science analytical technologies firm from the US, which launched the Fast Glycan Labeling and Analysis kit and an updated version of the Biologics Explorer program in January 2023. The upgraded software, Biologics Explorer 3.0, delivers extensive sequence coverage, offering users a more in-depth grasp of critical modification sites in proteins. The Fast Glycan Labeling and Analysis kit supplies trustworthy and stable results, additionally facilitating rapid glycan heterogeneity characterization and identification. Both these innovations play a pivotal role in enabling fast and precise biotherapeutics characterization.
Who Are the Dominant Market Players Pushing the Boundaries of theProtein Characterization And Identification Market?
Major companies operating in the protein characterization and identification market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, General Electric Company, The Merck Group, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation, Promega Corporation, Sartorius AG, Analytik Jena AG, Sigma-Aldrich Corp., Creative Proteomics, Cleaver Scientific, Genedata AG, Proteome Sciences plc, Selvita S.A., Eurofins Scientific SE, Charles River Laboratories International Inc., WuXi AppTec, Eurogentec S.A., Protea Biosciences Group Inc., Bioinformatics Solutions Inc., Biognosys AG, Bioproximity LLC, Biotech Support Group LLC, Biodesix Inc., SGS SA
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What Are the Core Segments of the Protein Characterization And Identification Market, and How Do They Contribute to Growth?
The protein characterization and identification market covered in this report is segmented –
1) By Product Type: Consumables, Instruments, Services
2) By Application: Drug Discovery And Development, Clinical Diagnosis
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Research Institutions, Contract Research Organizations, Other End Users
Subsegments:
1) By Consumables: Reagents And Buffers, Sample Preparation Kits, Assay Kits
2) By Instruments: Mass Spectrometers, Chromatography Systems, Spectrophotometers, Electrophoresis Equipment
3) By Services: Analytical Services, Contract Research Services, Custom Protein Characterization Services
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What Regions Are Dominating the Protein Characterization And Identification Market Growth?
North America was the largest region in the protein characterization and identification market in 2024. The regions covered in the protein characterization and identification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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