Proteomics Market Astonishing Growth with Top Influencing Key players
The Global Proteomics Market is rising pervasively mainly
due to the proliferating trend of personalized medicines. Proteomics is used in
drug discovery and clinical diagnosis for a number of applications such as the
investigation of protein expression, metabolic pathways, transcriptional &
post-transcriptional studies, protein interaction in diseases, etc. Moreover,
the burgeoning sectors such as healthcare and pharmaceutical escalate the
market on the global platform.
Analyzing the ascending graph of the growth, the market is
climbing steadily, Market Research Future (MRFR), in its recently published
study report confirms that the global proteomics
market will quadruple by 2023, registering a staggering double-digit CAGR
over 14.1 % throughout the forecast period (2018 to 2023). In 2017, the market
had accounted for a valuation of USD 23.2 BN.
Additional factors that are boosting the growth of the
market include the increasing research & development activities predominantly
led by the government support, rising demand for personalized medicines, and
the rising number of approvals of personalized medicines. Furthermore,
increasing activities of drug discovery in the rapidly proliferating
pharmaceutical industry foster the growth of the market to an extent.
Conversely, factors such as the huge capital investment with
low-profit margins, strict FDA regulations are impeding the growth of the
market growth. However, factors such as the increasing government assistance,
rising funding & reimbursement and improving regulatory framework would
support the growth of the market during the assessment period. Also, the
growing geriatric population and technological advancements in the medicinal
field are contributing to the growth of the market.
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Global Proteomics Market – Segments
For ease of understanding, the report is segmented into four
key dynamics: -
By Equipment :
Chromatography, X-ray Crystallography, Protein Fractionation, Mass
Spectroscopy, and Protein Microarray among others.
By Services :
Laboratory Services, and Data Analysis & Services among others.
By Application : Drug
Discovery and Clinical Diagnosis among others.
By Regions :
North America, Asia Pacific, Europe, and the Rest-of-the-World.
Global Proteomics Market – Geographical Analysis
The North American region, heading with the rising funding
from government dominates the global Proteomics market. Moreover, factor such
as the spreading awareness towards cost-effective applications of proteomics
and increasing demand for personalized medicines drive the growth of the
regional market. The increasing consumption of medicines led by the prevalence
of chronic diseases, well-established healthcare sector, and the growing trend
of personalized medicines are some of the other key driving forces behind the
market growth in the region.
Also, factors such as the high healthcare expenditures, and
augmenting demand for the novel drug discoveries substantiate the growth of the
Proteomics market in the North American region. The North America Proteomics market is
projected to grow at a substantial CAGR, creating a larger revenue pocket by
2023.
The Proteomics market in the European region accounts for
the second-largest market, globally. Factors such as financial support by the
government for cancer research activities and the patent expiration of numerous
blockbuster drugs are estimated to drive the regional Proteomics market.
Furthermore, the burgeoning pharmaceutical industry is a key driving force
fostering the growth of the regional market and allowing it to grow at a
considerable CAGR.
The Asia Pacific Proteomics market is rapidly emerging as a
promising market, globally. The availability of cost-competitive skilled labor
force and raw materials are the key driving forces behind the growth of the
regional market, encouraging foreign investors to shift their production bases
in this rapidly growing market.
Additionally, factors such as the huge developments in the
pharmaceutical sector, demand for breakthrough drug discoveries, and huge
patient pool propels the growth in the regional market. The increasing demand
for personalized medicine that is led by the rising prevalence of cancer and
other such diseases and presence of a large number of manufacturers of
personalized drugs will support the regional market to register a phenomenal
CAGR throughout the forecast period.
Global Proteomics Market – Competitive Analysis
The widely expanded Proteomics market appears to be highly
competitive with the presence of numerous large and small-scale players. These
players compete against each other based on an array of services and pricing.
Naturally, the competitive strength of these players is reliant on service
pricing, service precision, versatility, and reliability of services. The
market is forecasted to witness fierce competition with the potential
extensions in innovations. Players operating in the Proteomics market strive to
offer unique services with advanced features.
Focusing on rapid expansion and integration set for 2019-2019,
these service providers build a company that can offer complementary services
in key regions, in the emerging market.
While acquiring a company, they ensure to acquire a company
with significant professional experience, state-of-the-art capabilities, and a
long history of delivering high-quality pharmaceuticals that can meet or exceed
customer expectations and regulatory requirements.
Major Players:
Key players leading the Global Proteomics Market include
Bio-Rad Laboratories, Inc., General Electric Company, Danaher, Siemens Ltd.,
Agilent Technologies, Inc., Thermo Fisher Scientific Inc. Inc., Genzyme
Corporation, Bruker, Biognosys AG, Luminex Corporation, PerkinElmer Inc., Merck
KGaA, WATERS, and Caprion Biosciences Inc. among others.
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Contact:
Akash Anand
Market Research Future
+1 646 845 9312
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