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What is the Predicted Annual Growth Rate of the Protein Sequencing Market Over the Coming Decade?

In recent times, the market size for protein sequencing has witnessed rapid expansion. The market is expected to rise from $1.7 billion in 2024 to $1.88 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.5%. The factors contributing to the growth during the historic period include demand in research, medical diagnostics, development in the pharmaceutical sector, applications in agriculture, forensic analysis, the discovery of biomarkers, and studies on genetic evolution.

In the coming years, the protein sequencing market is anticipated to experience rapid expansion. The market is projected to reach $2.76 billion in 2029, with a compound annual growth rate (CAGR) of 10.1%. This growth during the forecast period is linked to the integration of clinical genomics, the expansion of agricultural genomics, drug safety, and pharmacogenomics, in addition to prenatal and newborn screening, as well as environmental DNA analysis. The forecast period will also see key trends such as an increased demand for next-generation sequencing, a rise in applications in clinical diagnostics, and enhanced investments in genomics research, along with a broader application in personalized medicine.

Which Factors Are Enhancing the Growth of the Protein Sequencing Market?

The protein sequencing market’s growth is predicted to be propelled by the increasing prevalence of genetic diseases. Genetic diseases refer to any disease or disorder induced by abnormalities or mutations in a person’s genetic material, typically their DNA. The increasing incidence of genetic diseases is due to spontaneous or inherited genetic mutations. Protein sequencing can facilitate the identification of genetic variants that cause diseases, thereby aiding in the detection of protein biomarkers that indicate a given disease state or physiological condition. For example, the United States National Library of Medicine, a U.S. medical library, reported that the total number of new genetic tests in the United States grew from around 1,000 in 2021 to approximately 3,000 tests in 2022, as recorded in April 2023. Hence, the increasing prevalence of genetic diseases is fueling the expansion of the protein sequencing market.

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What Are the Major Players Making an Impact in the Protein Sequencing Market’s Growth?

Major companies operating in the protein sequencing market are:

• F Hoffmann-La Roche Ltd._x000D_

• Thermo Fisher Scientific Inc._x000D_

• Merck KGaA_x000D_

• Eurofins Scientific SE_x000D_

• Illumina Inc._x000D_

Which Upcoming Trends Are Set to Influence the Protein Sequencing Market’s Path Forward?

Leading firms in the protein sequencing sector are innovating and introducing technologically advanced products such as upgraded sequencing kits in order to achieve a competitive advantage. Sequencing kits comprise essentials like reagents, chemicals, and materials needed for the preparation of samples and conducting sequencing experiments. For example, Quantum-Si, an American protein sequencing corporation, unveiled its Protein Sequencing Kit V2 in February 2024. This kit serves as an enhancement to their Platinum protein sequencing platform and provides improved sequencing performance through assay improvements and the introduction of a novel amino acid recognizer. It also facilitates the identification of unexplored proteins via advanced analysis and inference tools. These enhancements result in improved sequencing performance, the capacity to identify unknown proteins, high reproduction consistency, and a reduction in cost per amino acid by three times.

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How Are Market Segments in the Protein Sequencing Industry Positioned for Long-Term Growth?

The protein sequencing market covered in this report is segmented –

1) By Product And Service: Protein Sequencing Products, Protein Sequencing Services

2) By Application: Bio-Therapeutics, Genetic Engineering, Other Applications

3) By End User 3: Pharmaceutical And Biotechnology Companies, Other End-Users

Subsegments:

1) By Protein Sequencing Products: Sequencing Kits, Reagents, Instruments, Consumables

2) By Protein Sequencing Services: Custom Protein Sequencing, Analytical Protein Sequencing, Bioinformatics Services, Proteomics Services

What Regions Are Steering Growth in the Protein Sequencing Sector?

North America was the largest region in the protein sequencing market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the protein sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Core Features That Define the Protein Sequencing Market?

Protein sequencing refers to the process of determining the precise order of amino acids within a protein or peptide. This technique is used to determine the precise order of amino acids within a protein molecule, which is crucial for understanding its structure and function in biomedical research

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