Key Insights into the Protein Sequencing Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theProtein Sequencing Market?
The protein sequencing market is projected to experience a boost owing to the increasing instances of genetic diseases. Genetic diseases are those illnesses or disorders that are a result of anomalies or mutations in a person’s genetic make-up, typically their DNA. These genetic diseases emerge due to genetic mutations that may arise naturally or inherited from the parents. Protein sequencing can be instrumental in recognizing specific genetic variations that cause diseases, which subsequently aids in the identification of protein biomarkers – molecules that signify a particular disease state or physiological condition. As an illustration, the United States National Library of Medicine, a US-based medical library, indicated that the total count of new genetic tests reached about 1000 tests in 2021, escalating to nearly 3000 tests in 2022, as recorded in April 2023. Hence, the surge in genetic diseases is fueling the expansion of the protein sequencing market.
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How Will the Growth Rate of theProtein Sequencing Market Impact Industry Trends by 2034?
The market size for protein sequencing has seen a quick acceleration over the past few years. The market is projected to expand from $1.7 billion in 2024 to $1.88 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%. The swift growth observed in the previous period can be linked to factors such as increased demand in research, medical diagnostics, pharmaceutical development, agricultural applications, forensic analysis, discovery of biomarkers, and studies on genetic evolution.
Expectations suggest that the protein sequencing market will experience significant expansion in the coming years. As per the forecast, it’s projected to reach a valuation of $2.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this predicted growth during the forecast period include the merger with clinical genomics, extended use in agricultural genomics, the focus on drug safety, and application to prenatal, newborn screening, and environmental DNA analysis. Anticipated trends within the forecast period consist of increased interest in next-generation sequencing, greater use in clinical diagnostics, and heightened funding in genomics research, with a broader application in personalized medicine.
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What Are the Current Market Growth and Trends in theProtein Sequencing Market That Industry Players Should Watch?
Leading corporations involved in the protein sequencing industry are innovating with cutting-edge technology products, like sequencing kits, to establish a firm ground in the market. These kits are a compilation of necessary reagents, chemicals, and materials crucial for preparing samples and carrying out sequencing experiments. For instance, Quantum-Si, a protein sequencing firm based in the US, launched an improved version of its Platinum protein sequencing platform, the Protein Sequencing Kit V2, in February 2024. This kit brings improvement in sequencing performance due to the addition of a new amino acid recognizer, and it comes with advanced analytical and inference tools for identifying unknown proteins. These enhancements not only boost sequencing performance but also enable the identification of unknown proteins, provide high reproducibility, and reduce the cost of per amino acid by three times.
What Are the Major Market Players Making an Impact on theProtein Sequencing Market Growth?
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
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How Are the Key Segments of the Protein Sequencing Market Driving Opportunities and Innovations?
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
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theProtein Sequencing Market?# Market Expansion?
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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