The proteomics market has been experiencing significant growth in recent years, and this trend is expected to continue in the coming years. A new market research report on the proteomics market provides valuable insights into the market size, share, and growth opportunities.
According to the report, the global proteomics market was valued at USD 17.15 billion in 2020 and is expected to grow at a CAGR of 14.5% during the forecast period (2021-2026). This growth is being driven by the increasing demand for personalized medicine, the growing use of proteomics in drug discovery and development, and the availability of funding for proteomics research.
The report provides a detailed analysis of the market by technology, application, and region. Mass spectrometry is the largest segment of the market by technology, accounting for more than 50% of the market share. This is due to the high sensitivity and specificity of mass spectrometry for protein analysis. The report also highlights the growing importance of protein microarrays in the market.
The drug discovery and development segment is the largest application segment of the market, accounting for more than 40% of the market share. This is due to the increasing use of proteomics in target identification and validation, and the development of biomarkers for drug response. The report also highlights the growing importance of clinical proteomics in the market.
North America is the largest market for proteomics, accounting for more than 40% of the market share. This is due to the presence of a large number of biotech and pharmaceutical companies in the region, as well as the availability of funding for proteomics research. The Asia Pacific region is expected to be the fastest-growing market, driven by the increasing demand for personalized medicine in countries such as China and India.
Overall, the proteomics market presents significant growth opportunities for companies operating in the market. The report provides valuable insights into the market size, share, and growth opportunities, and is a must-read for anyone interested in the future of proteomics research and its applications in medicine and healthcare.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Brite View Research journalist was involved in the writing and production of this article.