The Proteomics Market Will Grow At Highest Pace Owing To Increased Application In Drug Discovery And Development

 Proteomics Market 

The proteomics market involves the study of structure and function of proteins. Proteomics helps in understanding various biological pathways, protein signaling, and protein expression analysis. Proteomics finds wide application in disease diagnosis, drug discovery and development, and other clinical applications. It helps in developing personalized medicines for the treatment of chronic diseases like cancer. Next generation proteomics techniques like mass spectrometry enables high throughput protein analysis and protein quantification.


The global proteomics market is estimated to be valued at US$ 42.4 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the proteomics are Super Vac, Ziamatic Corp., Akron Brass Company, Fire Hooks Unlimited, Inc., Tempest Technology Corporation, CMC Rescue, Inc., SavaTech Corp., Water Rescue Innovations, RUTH LEE Ltd., Mustang Survival, DURATEK Inc., Safety & Rescue Australia, WernerCo, Sterling Rope Company, Inc., PETZL Distribution. The rising prevalence of chronic diseases and growing application of proteomics in precision medicine is fueling the market growth. Technological advancements in mass spectrometry and protein separation techniques have enabled high throughput proteomics analysis supporting drug discovery and clinical research.

Market Trends
Increased funding for proteomics research from private and public organizations is driving technological innovations. Manufacturers are focusing on development of automated, high resolution and high throughput proteomics platforms to facilitate clinical translation. Growing application of spatial proteomics for tissue analysis will expand the scope of proteomics techniques. Adoption of artificial intelligence and machine learning algorithms can help inBig data analysis from large scale proteomics studies.

Market Opportunities
Integration of omics data from genomics, transcriptomics and metabolomics with proteomics offers lucrative opportunities. Cloud based proteomics data analysis solutions can accelerate biomarker and drug target identification. Growing research in cancer proteomics, spatial proteomics and clinical proteomics holds strong potential over the forecast period.

Impact of COVID-19 on Proteomics Market growth

The outbreak of the COVID-19 pandemic had a significant impact on the Proteomics Market Size . With the implementation of lockdowns across various countries to curb the spread of the virus, research and development activities were hampered. This led to decline in sales of proteomics products such as reagents, kits, instruments and software in 2020. Supply chain disruptions and restricting import-export activities impacted the availability of raw materials for proteomics manufacturers. However, with COVID-19 being a respiratory virus, there was increased focus on understanding the molecular mechanisms of the disease using proteomics tools. This boosted investments in proteomic studies related to vaccine development, therapeutic drug discovery and diagnosis of COVID-19. With economic activities restarting and restrictions being lifted gradually post-2020, the proteomics market has picked up pace again. Advancements in mass spectrometry techniques are also supporting the market growth. However, the long-term impact of the pandemic and potential future outbreaks need to be considered while planning long-term strategies for the proteomics industry.

Asia Pacific is one of the fastest growing regions for the proteomics market and is expected to witness highest CAGR during the forecast period. This can be attributed to increasing healthcare investments, rising prevalence of chronic diseases, growing biotechnology and biopharmaceutical industries in countries such as China, India and South Korea. The region is also witnessing rapid establishment of research institutions and expansion of contract research organizations that are boosting the demand for proteomics services and solutions. Availability of less expensive skilled workforce compared to Western countries is attracting global proteomics companies to set up their manufacturing and R&D facilities in Asia Pacific. However, high import duties on certain proteomics products and lack of standard reimbursement policies in some countries still pose challenges for market growth.

North America currently holds the highest share of the proteomics market in terms of value owing to availability of advanced research infrastructure, presence of major market players and growing funding for proteomics research from both private and public organizations. The United States, being a hub for cutting-edge proteomic technologies and services, leads the proteomics market in the region. However, the market is witnessing faster growth in countries of Europe region such as Germany, France, and the United Kingdom attributed to increasing application of proteomics in precision medicine and drug development projects.

Get more insights on – Proteomics Market

About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

Comments

Post a Comment

Popular posts from this blog

Eyewear Market Is Estimated To Witness High Growth Owing To the Growing Demand for Prescription Eyewear

Image
  Eyewear Market The global Eyewear Market is estimated to be valued at US$ 273.4 billion in 2018 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: The Eyewear Market includes products such as prescription glasses, contact lenses, and sunglasses. These products offer vision correction and protection from harmful ultraviolet (UV) rays. The increasing prevalence of eye disorders and the growing awareness about the importance of eye health are driving the demand for eyewear products. Furthermore, the rising use of digital devices and exposure to blue light is also contributing to the need for prescription eyewear to reduce eye strain and prevent vision problems. Market Key Trends: One key trend in the Eyewear Market is the increasing demand for fashionable and luxury eyewear. Consumers are not only seeking vision correction but also looking for eyewear that complements
Read more

The Mobile Computed Tomography Is The Fastest Growing Segment Fueling The Growth Of Computed Tomography Market

Image
  Computed Tomography Market The global Computed Tomography Market is estimated to be valued at US$ 7.9 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview : Computed tomography, commonly known as CT or CAT scan, is a medical imaging technique used for clinical diagnosis and interventional procedures. CT imaging provides cross-sectional views of the internal organs to accurately detect medical conditions such as cancer, blood clots, lung nodules, or bone fractures. CT scans generate three-dimensional images or slices of the bones, blood vessels, and soft tissues inside the body. Market key trends: One of the key trends in the computed tomography market is the growing adoption of mobile CT systems. Mobile CT systems are CT devices that can be transported to various locations within a hospital campus or healthcare facility. Mobile CT scanners provide versat
Read more

Poultry Keeping Machinery connected with market drivers for automation

Image
  Poultry Keeping Machinery Market The global Poultry Keeping Machinery Market is estimated to be valued at US$ 4,866.90 Mn in 2022 and is expected to exhibit a 3.4% CAGR over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Poultry keeping machinery are used for rearing poultry birds for commercial meat and egg production. Poultry keeping machinery includes equipment such as cage systems, feeders, waterers, egg collection systems, heating and cooling systems and ventilation systems. Poultry cages provide shelter to the birds and make the feeding and waste collection process efficient. Automatic feeders and waterers ensure the availability of nutritional feed and water to birds on a regular basis. Egg collection systems collect eggs from the cages to avoid breakage during collection. Heating, cooling and ventilation systems maintain optimum temperature and provide fresh air. The equipment allows large scale com
Read more