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How Has the Protein Sequencing Market Grown from 2024 to 2025?

The protein sequencing market has been experiencing substantial growth recently. The market’s size projections are set to increase from $1.7 billion in 2024 to about $1.88 billion in 2025, representing a compound annual growth rate (CAGR) of 10.5%. This significant growth in the historical period has been driven by a range of factors. These include demand for research, medical diagnostic tests, pharmaceutical advancements, applications in agriculture, forensic examinations, the discovery of biomarkers, and studies on genetic evolution.

What Growth Rate Is Anticipated for the Protein Sequencing Market in the Coming Years?

Anticipated to witness accelerated growth in the coming years, the size of the protein sequencing market is predicted to augment to $2.76 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 10.1%. The expansion during the projected period can be credited to the integration of clinical genomics, the broadening of agricultural genomics, the safety of drugs and pharmacogenomics, prenatal and newborn screening, coupled with environmental DNA analysis. Trending factors during this period encapsulate the rising demand for next-generation sequencing, the proliferating applications of clinical diagnostics, and the escalation of investments in genomics research for the broader use in personalized medicine.

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Who Are the Leading Companies in the Protein Sequencing Market?

Major companies operating in the protein sequencing market are F Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck KGaA, Eurofins Scientific SE, Illumina Inc., Beckman Coulter Inc., PerkinElmer Inc., BGI Group, LGC Limited, GenScript Biotech Corporation, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., GENEWIZ Inc., Quintara Biosciences Inc., Source BioScience plc, Microsynth AG, Fasteris SA, GenHunter Corporation, Nucleics Pty Ltd., SciGenom Labs Pvt Ltd., StarSEQ GmbH, GATC Biotech AG, Agilent Technologies Inc., CeMIA SA

What Are the Key Drivers of the Protein Sequencing Market?

The proliferation of genetic diseases is anticipated to fuel the expansion of the protein sequencing market in the future. Genetic diseases are disorders or illnesses prompted by abnormalities or variations in an individual’s genetic composition, mostly their DNA. This surge in genetic diseases is linked to genetic changes that could spontaneously happen or be transmitted from the individual’s parents. Protein sequencing plays a crucial role in recognizing specific genetic variants that lead to diseases, thus aiding in the identification of protein biomarkers, which are representative of specific diseases or physical conditions. For instance, as per the United States National Library of Medicine, a US medical library, the count of new genetic tests in the USA in 2021 was nearly 1000 tests, which surged to nearly 3000 tests in 2022. Consequently, the escalation in genetic diseases is propelling the growth of the protein sequencing market.

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What Are the Key Market Segments in the Protein Sequencing Industry?

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 Are the Latest Trends in the Protein Sequencing Market?

Leading firms in the protein sequencing market are focusing on the development of high-tech products, such as upgraded sequencing kits, to establish a competitive advantage in the market. Sequencing kits – comprehensive sets of reagents, chemicals, and materials needed for sample preparation and sequencing experiments – are being enhanced. Take for example, Quantum-Si, a US-based protein sequencing firm, who introduced Protein Sequencing Kit V2 in February 2024. This innovation is an upgrade for the company’s Platinum protein sequencing platform, showcasing improved sequencing performance due to assay advancements. This includes a new amino acid recognizer and the facilities to identify unidentified proteins using sophisticated analytical and inference tools. As a result of these improvements, the kit offers boosted sequencing performance, the capacity to discern unidentified proteins, high reproducibility, and a cost reduction of three times per amino acid.

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What Are the Key Regional Markets in the Protein Sequencing Industry?

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.

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This Report Delivers Insight On:

1. How big is the protein sequencing market, and how is it changing globally?

2. Who are the major companies in the protein sequencing market, and how are they performing?

3. What are the key opportunities and risks in the protein sequencing market right now?

4. Which products or customer segments are growing the most in the protein sequencing market?

5. What factors are helping or slowing down the growth of the protein sequencing market?

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