- The growth of the market can be attributed to a growth in research activities surrounding personalized medicine, increasing investments in R&D by Pharmaceutical and Biotechnology Companies, and a rising amount of monetary support by the government
JERSEY CITY, N.J., June 9, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Proteomics Market" By Reagent (Protein Microarray Reagents, X – Ray Crystallography Reagents, Electrophoresis Reagents & Others), By Instrumentation Technology (X – Ray Crystallography, Surface Plasmon Resonance, Protein Fractionation & Others), By Software and Service (Core Proteomics Services and Bioinformatics Software and Services), By Application (Clinical Diagnostics, Drug Discovery and Other Applications), and By Geography. According to Verified Market Research, the Global Proteomics Market was valued at USD 21.64 Billion in 2020 and is projected to reach USD 73.17 Billion by 2028, growing at a CAGR of 16.50% from 2021 to 2028.
A growth driver in the field of proteomics is the increased investments in R&D in the field of proteomics. A USD 37 billion for biomedical research was funded by the National Institutes of Health (NIH) of the United States. This funding was aimed at helping the life sciences research which tried to understand the fundamental processes by which diseases develop identification of biomarkers which signals the presence of disease, or identification of gene/protein responsible for the disease.
A grant of up to $1.5 million was provided by the Novo Nordisk Foundation to the University of Copenhagen to establish a mass spectrometry facility, which is a significant step in protein research. The Global Proteomics market is also expected to pick up pace after the steady resumption of the activities in the midst of the COVID-19 pandemic which has caused a worldwide disruption in operating activities. Another growth driver of the Global Proteomics Marker is the increasing prevalence of cancer and other diseases. The ongoing research in proteomics can help doctors in understanding how proteins are reacting in a considerably dynamic environment, such as in patient with cancer.
Key Developments inProteomics Market
MRM Proteomics Inc. partnered with Exactis Innovation in September 2018 to develop and validate a clinical proteomic test that will provide clinicians and scientists with the ability to identify immune signatures and tumor mutation profiles to better match patients with the most effective treatments.
Bruker Corporation (NASDAQ: BRKR), in September 2020 announced the recent acquisition of the Integrated Proteomics Pipeline (IP2) search engine and proteomics workflow software platform. IP2 was developed by Integrated Proteomics Applications Inc., a company founded by leading proteomics researcher Professor John Yates III, together with Drs. Robin Park and Tao Xu.
The major players in the market are VProteomics (India), HORIBA, Ltd. (Japan), Applied Biomics, Inc. (US), Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories, Inc. (US), Merck KGaA (Germany), Agilent Technologies, Inc. (US), Creative Proteomics (US), Fios Genomics Ltd. (UK), MS Bioworks LLC (US) among others.
Verified Market Research has segmented the Global Proteomics Market On the basis of Reagent, Instrumentation Technology, Software and Service, Application, End User and Geography.
Proteomics Market by Reagent
Protein Microarray Reagents
X – Ray Crystallography Reagents
Protein Fractionation Reagents
Proteomics Market by Technology
X – Ray CrystallographySurface
Proteomics Market by Software and Service
Core Proteomics Services
Bioinformatics Software and Services
Proteomics Market by Application
Proteomics Market by End User
Academic Research Laboratories
Other End Users
Proteomics Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
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