Proteomics Market Size, Segment Analysis, Growth Drivers and Forecast by 2024

Proteomics Market

New York, United States, 2019-Jul-19 — /EPR Network/ —

Proteomes are an entire set of proteins which is expressed in genomes, and proteomics refers to the large-scale study of these proteomes, that include study of the functions and structure of proteins that can be used in diagnosis and treatment of various diseases, and in the process of drug discovery. Proteomics is used to analyze the interaction of proteins with each other, action of proteins in metabolic pathways, rate of the production of proteins, and the modification process of the proteins. Additionally, it is extensively applied in personalized medicine development, and marker identification for disease diagnosis. Global proteomics market is expected to grow significantly in the forecasted period due to the rising demand for personalized medicine and increasing investment in research and development activities, globally.

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Based on software and services, analytical laboratory services held largest share of the global proteomics market in 2016, mainly due to increasing research and development investments by the key players in the market and government. The global proteomics market finds application in drug discovery, clinical diagnosis, and other applications. Based on application, clinical diagnostics held the largest share of the global proteomics market in 2016, driven by increasing understanding of proteins and its application in the drug discovery.

A key trend witnessed in the global proteomics market is the shift from genomics to proteomics, that has taken place due to its vast application in drug discovery and for treatment in various diseases. Also, the growing applications of biomarker identification is creating ample opportunities for the growth of the global proteomics market. Biomarker identification helps in providing better results in the proteomics researches and are used in the researches for finding the desirable outcomes. It is an opportunity for the players in the global proteomics markets as it enhances the quality of the research and provide better results. Thus, biomarkers are an attractive opportunity for the growth of the global proteomics market.

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Geographically, North America was the largest market for Proteomics in 2016, followed by Europe. The North American proteomics market is primarily driven by easily available funds from various institutions for proteomic research using innovative technologies.

Some of the key players in the global proteomics market are Agilent Technologies Inc., Bruker Corporation, GE Healthcare, Merck KGaA, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Waters Corporation, Danaher Corporation, Luminex Corporation, and PerkinElmer Inc.

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