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How has the proteomics market grown in recent years?
In recent times, there has been a swift enlargement in the size of the proteomics market. The market, which is anticipated to be worth $34.83 billion in 2024, is expected to rise to $39.71 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.0%. Factors contributing to the expansion during the historic period include an increase in government funding for proteomics research, technological advancements, increased healthcare spending, a surge in the number of healthcare establishments, and economic progress in developing markets.
How is the proteomics market size expected to evolve during the forecast period?
In the coming years, the market size of mobile device management is projected to witness an explosive increase. It is expected to reach $35.31 billion in 2029, growing at a compound annual growth rate (CAGR) of 27.1%. This projected growth during the forecast period is due to the escalating complexity of device ecosystems, growing demand for IoT device management, emphasis on user experience, strategic mobile policies, and integration with endpoint security. Noteworthy trends for the forecast timeframe include application security and containerization, use of artificial intelligence (AI) for detecting threats, mobile threat defense (MTD), and the incorporation of geofencing and location-based policies.
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Which key drivers are propelling the proteomics market’s growth?
The proteomics market is being propelled by an increase in government funding for proteomics research. This financial support enables the execution of research in the areas of drug discovery, disease diagnosis, and treatment. For example, in May 2022, Proteomics International Laboratories Limited, a medical technology venture from Australia focusing on proteomics, received an investment of $400,000 to enhance its production capacity within the country. This investment is aimed at advancing the production of the PromarkerD test in Australia and South East Asia, and to expand the company’s unique ISO 13485 certification. As a result, the escalation of government aids has a positive effect on the growth of the proteomics market.
What are the market segments in the proteomics industry?
The proteomics market covered in this report is segmented –
1) By Component: Reagents, Instruments, Software
2) By Instrument: Protein Microarrays, Spectroscopy, X-ray Crystallography, Chromatography, Electrophoresis, Surface Plasmon Resonance, Protein Fractionation
3) By Type: Core Instrument Services, Proteomic Analytical Services
Subsegments:
1) By Reagents: Protein Assays, Immunoassay Reagents, Spectroscopy Reagents, Chromatography Reagents, Electrophoresis Reagents
2) By Instruments: Mass Spectrometry, Chromatography Equipment, Electrophoresis Equipment, Microarray Instruments, X-ray Crystallography Instruments
3) By Software: Data Analysis Software, Bioinformatics Tools, Cloud-Based Platforms For Proteomics
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Which leading companies are shaping the growth of the proteomics market?
Major companies operating in the proteomics market include Danaher Corporation, Thermo Fisher Scientific Inc., Merck KGaA, Agilent Technologies Inc., PerkinElmer Inc., Bruker Corporation, Bio-Rad Laboratories Inc., Promega Corporation, Waters Corporation, Creative Proteomics, Sino Biological, EIAab, DIMA Biotechnology, TechnoConcept India Pvt. Ltd., Cellular & Molecular Biology, GE Healthcare, Perseus Proteomics Inc., JEOL, APTBIO, Leisure Science (Suzhou) Co. Ltd., Centre for Cellular & Molecular Biology, Vproteomics, Shimadzu Corporation, Abcam plc, IRB Barcelona, SGS UK, MRM Proteomics Inc., FingerPrints, Biognosys AG, Olink Proteomics, Horiba, MS Bioworks, LC Sciences, MtoZ Biolabs, Integrated Proteomics Applications, Quantumbio Inc., Luminex Corporation, Applied Biomics Inc., Isoplexis Corporation, Caprion Proteomics Inc.
What key trends are currently impacting the proteomics market’s development?
Firms are introducing new offerings in an effort to boost their earnings and achieve a competitive advantage over competitors. For example, Bruker Corporation, a scientific instrument manufacturer based in the United States, debuted the latest iteration of its pioneering 4D Multiomics timsTOF platform in June 2022. The novel timsTOF HT system is embedded with a revolutionary 4th-generation TIMS (trapped ion mobility separation) XR cell and a 14-bit digitizer, thereby broadening dynamic range, optimizing peptide coverage, and refining quantitation accuracy. This innovation holds particular promise for 4D unbiased plasma and tissue proteomics, and epiproteomics.
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Which geographic areas are influencing the growth of the proteomics market?
North America was the largest region in the proteomics market in 2024. Western Europe was the second largest region in the global proteomics market share. The regions covered in the proteomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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