Proteomics Market: Major Revenue Pockets & the Emerging Trends

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This market is projected to reach USD 21.87 Billion by 2021, at a CAGR of 11.7% from 2016 to 2021.

(EMAILWIRE.COM, November 29, 2018 ) Browse 151 market data tables and 40 figures spread through 266 pages and in-depth TOC on “Proteomics Market”
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This report studies the global proteomics market over the forecast period of 2016 to 2021.

Significant Growth Opportunities in Emerging Asia-Pacific Market, Increasing Adoption of Personalized Medicine, and Increasing Pharmaceutical and Biotech R&D Expenditure to Drive Market Growth during the Forecast Period

The global proteomics market is broadly segmented into instrumentation technology, reagent, services & software, application, and region. On the basis of regent, the protein fractionation reagents segment is projected to register the highest CAGR during the forecast period.

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A majority of this growth can be attributed to the rising popularity of mass spectrometry for completing relational databases for signal transduction and metabolic pathways and for mapping biological pathways.

Based on instrumentation technology, the proteomics market is broadly segmented into protein microarray, spectroscopy, X-ray crystallography, chromatography, electrophoresis, surface plasmon resonance (SPR) systems, and protein fractionation systems. The protein fractionation systems segment is estimated to register the highest CAGR during the forecast period of 2016 to 2021.

The high growth in this segment is attributed to the benefits of protein fractionation such as high resolution, and effectively separate thousands of proteins in a complex structure. The need for the analysis of complex mixtures comprising proteins is increasing in proteomics research; this serves to drive the market demand for these systems.

In 2015, North America commanded the largest share of the global proteomics market, followed by Europe. The Asia-Pacific region is expected to register the highest growth during the forecast period. The overall Asian region is witnessing a growing trend in the proteomics market as many North American and European pharmaceutical drug manufacturers find it cost-effective to outsource their proteomics-based work to Asian manufacturers or set up their own manufacturing facilities in Asian countries.

This is because Asian region possess scientific talent to develop strong domestic biotechnology industries. Moreover, market growth in Asia-Pacific is expected to be centered on India and Japan, due to the rapid growth in overall drug discovery and biomarker discovery activities in these countries.

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