Proteomics is the study of proteins as a whole. Proteins are the fundamental building blocks of living organisms. These structures have evolved throughout history and remain vital to living things even today. The proteome is the whole set of amino acids generated or transformed by an organism from non-protein-based compounds. Proteomics allows the identification of increasing numbers of proteins via sequencing. This method of large-scale analysis is now used in a wide variety of studies. Most commonly, proteomics studies the function and action of individual proteins at different levels, both on a molecular level (via gene expression) and off, in tissues and organs. Currently, proteomics has its roots in the Human Genome Project and the sequencing of the human genome.
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The increasing prevalence of biotech companies in the world is the main factor that is driving the growth of the global proteomics market. For instance, according to Biotechgate, there are more than 20,230 biotech companies in the world. Moreover, the increasing investments in research and development related to cell development technology, along with the product and services launch by key market players are also creating traction in the global proteomics market.
Covid-19 Impact Analysis:
The increasing incidence of COVID-19 cases in the world has impacted the growth of the global proteomics market. For instance, according to Johns Hopkins University Center for Systems Science and Engineering (JHU CSSE), till now there have been more than 3.25 COVID cases in India. Moreover, several biotechnology firms have been centered around launching treatment options to fight against the rapidly spreading virus, which increased the growth of the global proteomics market.
Key Takeaways:
The size of the global proteomics market is estimated to reach around US$ 55.9 billion by 2026, while in 2021 it was US$ 25.9 billion, growing at a CAGR of 16.6% during the market forecast period, owing to the increasing numbers of biotech companies in the world. For instance, according to the Growth Business UK, in 2019 there were around 3,456 biotech companies in Britain, which is involved in research and development.
North America is expected to hold a major share of the global proteomics market, owing to the increasing prevalence of biotech labs in the region. For instance, according to Biotechnology Innovation Organization, there are more than 449 public biotechnology companies in the United States. Additionally, the presence of key market players in the region is expected to fuel the growth of the market.
The Asia Pacific is estimated to witness high growth in the global proteomics market, owing to the high investment in the research and development sector, in the developing regions. For instance, according to Business Standard, the gross expenditure of India on R&D is around 0.65% of its GDP. Moreover, various initiatives taken by government associations in biotechnology are estimated to create propulsion in the market.
Major Players in Proteomics Market
Thermo Fisher Scientific Corporation, Agilent Technologies, Luminex Corporation, Danaher Corporation, Inc., Bio-Rad Laboratories, Inc., GE Healthcare, Waters Corporation, Caprion Proteomics Inc., PerkinElmer, Inc., Biognosys Inc., Bruker, Cell Signaling Technology, Inc., Newomics, Inc., Proteome Sciences, Applied Biomics, Inc., Courtagen Life Sciences, Inc., Xcelris Genomics., Center for Genomic Sciences, and Sera Prognostics, Inc.
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Key Stakeholders Covered within this Proteomics Market Report:
Proteomics Manufacturers
Proteomics Distributors/Traders/Wholesalers
Proteomics be component Manufacturers
Proteomics Industry Association
Succeeding Vendors
Lastly, this report covers the market Outlook and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the significant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an short summary on potential regional market.
Why this is Important Report to you? It helps:
• To analyze and study the Global Proteomics Market capacity, production, value, consumption, status Focuses on the Key Proteomics manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application, and region.
• To analyze the global and key regions market potential and advantage, opportunity, and challenge, restraints, and risks.
• To identify significant trends and factors driving or inhibiting market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the Proteomics Market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
• It provides a forward-looking perspective on different factors driving or restraining Market growth.
• It provides a six-year forecast assessed on the basis of how the Market is predicted to grow.
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
• It helps in making informed business decisions by having complete insights and by making an in-depth analysis of Market segment
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In conclusion, the Proteomics market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the Proteomics industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.
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