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How has the protein chip market size evolved in recent years?

The market size of protein chips has witnessed a substantial uptick in recent times. Anticipated to ascend from $1.61 billion in 2024 to $1.74 billion in 2025, it is set to surge at a compound annual growth rate (CAGR) of 7.9%. Factors such as the escalation in proteomics research, mounting rates of cancer incidence, technological advancements, widened usage in clinical diagnostics, an amplified emphasis on biomarker discovery, along with an increased demand for high-throughput protein analysis, have contributed to the historic period growth.

What are the predictions for the protein chip market size in the coming years?

The protein chip market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising demand for personalized medicine, next-generation protein chip technologies, integration with omics technologies, adoption in emerging markets, and a shift towards digital health and wearable devices. Major trends in the forecast period include miniaturization and multiplexing, integration with artificial intelligence (AI) and machine learning, point-of-care testing (POCT) applications, expansion into new disease areas, and customization and personalization.

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What key factors are fueling the growth of the protein chip market?

The surging need for customized medical care is predicted to fuel the expansion of the protein chip market. Customized medicine is a medical approach designed to adjust medicines and treatments to each patient’s unique needs. The quick progression of ‘omics’ technology, data amalgamation, genetics, and the increasing recognition of the importance of patient-specific medications and preventive measures have all led to the rise of personalized medicine. Protein chips provide a robust platform for advancing this field by enabling a comprehensive proteomic assessment, aiding biomarker identification, enhancing the understanding of drug development and response, and advocating for customized therapeutic strategies creation. For example, in October 2022, the Personalized Medicine Coalition’s latest data suggests that over 75,000 genetic testing products and 300 personalized medicines targeting various cancers, genetically rare diseases, and an array of chronic and infectious diseases are available. Moreover, in 2022, according to the Personalized Medicine Coalition, a professional organization based in the US, 12 new personalized medicines were given approval, representing approximately 34% of all fresh approvals, showcasing a marked increase from previous years. As a result, the escalating demand for customized medicine contributes to the protein chip market’s growth.

How is the global protein chip market divided into key segments?

The protein chip market covered in this report is segmented –

1) By Product: Lab-On-Chip, Integrated System, Arrays, Microarrays System

2) By Technology: Analytical Microarrays, Functional Protein Microarrays, Reverse Phase Protein Microarrays

3) By Application: Diagnostics, Proteomics, Antibody Characterization

4) By End User: Hospitals And Clinics, Academic And Research Institutes, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies

Subsegments:

1) By Lab-On-Chip: Diagnostic Lab-On-Chip, Point-Of-Care Lab-On-Chip, Drug Discovery Lab-On-Chip, Clinical Lab-On-Chip

2) By Integrated System: Automated Integrated Systems, Benchtop Integrated Systems, Portable Integrated Systems, Multi-Functional Integrated Systems

3) By Arrays: Protein Arrays, Peptide Arrays, Antibody Arrays, Antigen Arrays

4) By Microarrays System: Dna Microarrays, Rna Microarrays, Protein Microarrays, Antibody Microarrays, Cell-Based Microarrays

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What are the top market players propelling the growth of the protein chip industry?

Major companies operating in the protein chip market are Thermo Fisher Scientific Inc., GE Healthcare LLC, Roche Diagnostics GmbH, Agilent Technologies Inc., Illumina Inc., Sigma-Aldrich Corporation (Merck), PerkinElmer Inc., Shimadzu Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Surmodics Inc., Quotient Limited, OriGene Technologies Inc., RayBiotch Inc., Sengenics Corporation Pte Ltd., Gyros Protein Technologies AB, Innova Biosciences Limited, Innopsys S.A., CDI Laboratories Inc., Microarrays Inc., Full Moon BioSystems Inc., Arrayit Corporation, Biotech Support Group LLC

What key trends are currently impacting the protein chip market’s development?

Leading firms in the protein chip market are pioneering new products such as automated parallel capillary electrophoresis systems to fortify their market presence. These systems are top-tier analytical tools designed for high-throughput separation and analysis of biomolecules, especially proteins and nucleic acids. For example, in January 2024, Agilent Technologies Inc., a US entity known for manufacturing high-end analytical, research, and diagnostic equipment for labs, introduced the ProteoAnalyzer system. This new automated parallel capillary electrophoresis tool is uniquely designed for protein analysis and characterised by its state-of-the-art algorithms which offer accurate protein identification and characterisation. This empowers researchers to explore intricate biological systems with unparalleled accuracy and efficiency. The ProteoAnalyzer also offers enhanced data visualisation tools promoting intuitive comprehension of results, speeding up the understanding of cellular processes. Additionally, it can be effortlessly assimilated into existing workflows, ensuring a smooth transition and elevating productivity levels in proteomics labs.

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Which geographic areas are influencing the growth of the protein chip market?

North America was the largest region in the global protein chip market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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