The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.

An Overview of Growth Trajectory

• The protein labeling market has witnessed rapid expansion, with the market size reaching $2.35 billion in 2023.
• Expected growth to $2.58 billion in 2024 reflects a compound annual growth rate (CAGR) of 10.1%.
• Drivers of historic growth include increasing demand for protein-based therapeutics and rising adoption of proteomics research.

Anticipating Future Growth and Trends

• Forecasts indicate continued rapid expansion, with the market projected to reach $3.9 billion in 2028 at a CAGR of 10.8%.
• Factors driving future growth include personalized medicine, point-of-care testing, and increased funding in life sciences.
• Emerging trends encompass advances in protein labeling technologies, quantum dots, and integration of artificial intelligence.

Boosting Market through R&D Investments in Proteomics

• Increased R&D spending in proteomics and genomics fuels the growth of protein labeling reagents market.
• Proteomics research receives substantial funding from institutions like the National Institutes of Health (NIH).
• Notable investments include grants awarded to establish mass spectrometry facilities, enhancing protein research capabilities.

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Driving Innovation through Strategic Collaborations

• Companies enhance product innovation and competitiveness through strategic collaborations.
• Collaborations facilitate the development of innovative products and the sharing of expertise.
• Recent partnerships include enGenes Biotech GmbH’s collaboration with ACIB GmbH for protein labeling.

Thermo Fisher Scientific’s Strategic Acquisition

• Thermo Fisher Scientific’s acquisition of PeproTech Inc. for $1.85 billion strengthens its presence in the cell and gene therapy sector.
• PeproTech Inc., a developer of recombinant proteins, broadens Thermo Fisher Scientific’s product line.
• The acquisition enhances Thermo Fisher Scientific’s position in the life sciences sector.

Segmentation and Market Dynamics

• The protein labeling market is segmented by product, labeling method, and application.
• Products include reagents, enzymes, probes/tags, and monoclonal antibodies.
• Labeling methods comprise in-vitro and in-vivo labeling, while applications span various techniques such as cell-based assays and mass spectrometry.
• North America led the protein labeling market in 2023.

Conclusion: Embracing Opportunities in an Evolving Market

The protein labeling market presents abundant opportunities fueled by technological advancements, increased R&D investments, and strategic collaborations. As the industry continues to evolve, stakeholders must remain agile to capitalize on emerging trends and maintain competitiveness. With forecasts pointing towards sustained growth and innovation, the protein labeling market is poised to play a pivotal role in advancing research and therapeutics in the life sciences sector.

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