What’s Driving Growth in the Protein Characterization And Identification Market? Insights into Key Trends and Opportunities
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How has the protein characterization and identification market grown over the years?
The size of the protein characterization and identification market has seen fast-paced growth in the recent past. It is set to expand from $18.93 billion in 2024 to $21.61 billion in 2025, with a compound annual growth rate (CAGR) of 14.1%. The significant growth during the historic period is credited to enhancements in proteomics research, a concentrated focus on disease mechanisms, the integration of bioinformatics, determination of protein structure, and the transition from genomics to proteomics.
What Is the forecasted market size and growth rate for the protein characterization and identification market?
The market size for protein characterization and identification is forecasted to witness swift expansion in the near future. The market is projected to elevate to a value of $39.82 billion in 2029, growing at a compound annual growth rate (CAGR) of 16.5%. The surge over the predicted period can be ascribed to the rising need for bioinformatics solutions, increase in biopharmaceuticals, the development of precision medicine, heightened research funding, and extension of biomedical research. Major forthcoming trends encompass advancements in mass spectrometry, the use of proteomics in drug creation, breakthroughs in chromatography, automation and high-throughput techniques, and the amalgamation of bioinformatics.
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What are the major factors driving growth in the protein characterization and identification market?
Rising activities in drug development are propelling the market for protein characterization and identification. The term drug development refers to the procedure involved in bringing a new therapeutic molecule to clinical use. The identification and exact determination of protein quantities are crucial while developing biopharmaceutical drugs or carrying out other research activities, which is achievable via protein characterization and identification. The protein measurement with utmost accuracy and precision is vital as it underpins the dosage of the drug product and quantifies several other significant quality attributes. For instance, data from the Belgium-based trade association and lobbying organization, European Federation of Pharmaceutical Industries and Associations, in June 2024 showed an increase in the pharmaceutical industry’s production value from $385.1 million (€363,300 million) to an estimated $413.4 million (€390,000 million) from 2022 to 2023. This illustrates a significant increase in drug development activities. Consequently, these rising drug development activities are advancing the market for protein characterization and identification.
What key areas define the segmentation of the global protein characterization and identification Market?
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 are the top market players propelling the growth of the protein characterization and identification industry?
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
What are the key trends shaping the future of the protein characterization and identification market?
The emergence of novel products is a leading trend in the protein characterization and identification market. Dominant market participants are creating innovative solutions to stay competitive. For instance, in January 2023, SCIEX, a life science analytical technologies firm based in the US, introduced the Fast Glycan Labeling and Analysis kit along with a software update for the Biologics Explorer program. The Biologics Explorer 3.0 software ensures comprehensive sequence coverage and offers users a more detailed comprehension of vital protein modification sites. In contrast, the Fast Glycan Labeling and Analysis kit guarantees robust, uniform outcomes while promoting speedy glycan heterogeneity characterization and identification. Both advancements are critical methods for the swift and precise characterization of biotherapeutics.
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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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