Protein Characterization and Identification Market Will Reach USD 38.67 Billion, at 14.0% CAGR by 2030: Polaris Market Research
The global protein characterization and identification market size is expected to reach USD 38.67 billion by 2030 according to a new study by Polaris Market Research
The key factors responsible for the market growth include the major player’s presence in the emerging nations and their strategies. Because of the increasing R&D initiatives to create innovative metabolomics and genomic methods, diversified healthcare industry, and improving research infrastructure, the Asia Pacific region is expected to grow and offer opportunities for players. Based on the end-user, the pharmaceutical and biotechnology segment accounted for the leading share in the protein characterization and identification industry in 2021. The segment is expanding due to increased drug discovery efforts, ensuring a steady need for industry technology.
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The field of biotechnology is dominated by drug discovery. This procedure entails determining the therapeutic potential of genes, peptides, and other compounds and investigating prospective candidates. Moreover, significant players’ launch of a broad range of technologically advanced systems for biopharma analysis is boosting the industry’s growth. For instance, in June 2021, Agilent Technologies Inc. has announced the launch of three InfinityLab Bio LC systems designed exclusively for the biopharma industry.
Major players such as Qiagen, Analytik Jena, Bruker Corporation, Eurofins Scientific, Cleaver Scientific, Waters Corporation, Bio-Rad Laboratories, Agilent Technologies, Horiba, Jeol, Merck KGAA, PerkinElmer, Promega Corporation, Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific, and Danaher Corporation are some key players operating in the global industry.
Players in the industry are focusing on customized offerings to their consumers. In May 2021, SCIEX, a leader in life science analytical technologies, has announced a partnership with Waters Corporation its consumers, with its latest Waters Ultra-Performance Liquid Chromatography (UPLCTM) instruments as part of its SCIEX mass spectrometry (MS) system purchases and deployments. Due to the collaboration, customers will find it easier to select the most appropriate instruments to meet their analytical demands for both large and small molecules. When low-level analytic detection and quantification are required, Waters UPLC equipment has low dispersion characteristics that give higher MS sensitivity.
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There are numerous market competitors who are introducing various new products for acquiring a prominent position across the artificial intelligence infrastructure market. For instance, in April 2021, AMD declared that the company is in the process of acquiring Xilinx. The objective of this acquisition is to bring together two industry leaders with complementary product portfolios and capitalize on opportunities in the AI infrastructure industry.
Polaris Market Research has segmented the protein characterization and identification market report on the basis of product & services, application, end-use, and region:
Protein Characterization and Identification, Product & Services Outlook (Revenue – USD Billion, 2018 – 2030)
- Immunoassay Consumables
- Mass Spectrometry Consumables
- Chromatography Consumables
- Electrophoresis Consumables
- Mass Spectrometry Instrument
- Chromatography Instrument
- Electrophoresis Instrument
- Label-Free Detection Instrument
- Spectroscopy Instrument
Protein Characterization and Identification, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Drug Discovery & Development
- Clinical Diagnosis
Protein Characterization and Identification, End-Use Outlook (Revenue–USD Billion, 2018 – 2030)
- Pharmaceuticals & Biotechnology Companies
- Academic Research Institutes
- Contract Research Organizations
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