Protein Characterization and Identification Market by Product [Consumables (Immunoassay Consumables, Mass Spectrometry Consumables, Chromatography Consumables, Electrophoresis Consumables, and Other Consumables) Instruments (Mass Spectrometry Instruments, Chromatography Instruments, Electrophoresis Instruments, Label-free Detection Instruments, Spectroscopy Instruments, and Other Instruments)] Application (Drug Discovery & Development, Clinical Diagnosis, and Other Applications), End User (Pharmaceutical & Biotechnology Companies, Academic Research Institutions, Contract Research Organizations, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00027074 | Pages: 100 | Industry: Biotechnology | Date: Oct 2022 | Type: Global

The market crossed US$ 12.8 billion mark in 2022 and is expected to hit US$ 25.0 billion by 2030, recording a CAGR of 14.0% during the forecast period.

Protein characterization and identification market have been significantly growing due to increasing R&D expenditure for drug discovery and development. 

There is an increasing number of disease conditions globally which is boosting the drug discovery process to control the disease cases. The growing interest and demand for the drug discovery process has promoted the growth of protein characterization and identification market. Thus, increasing R&D expenditure will promote the growth of protein characterization and identification market. The consumables segment is expected to dominate during the forecast period due to rapid availability of a wide range of reagents and need for specific, rapid, and reliable detection of diseases at the early stages.  

Within the report, the market is segmented into product, application, end user, and geography. By product, the market is further segmented into consumables and instruments. On the basis of application, the market is segmented drug discovery & development, clinical diagnosis, and other applications. By end user, the market is categorized into pharmaceutical & biotechnology companies, academic research institutions, contract research organizations, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising R&D expenditure and growing clinical trials for drug discovery process boosting the protein characterization and identification market.

Due to the growing demand for protein analysis for drug discovery and increasing R&D to produce genomic and proteomic methodology and growing healthcare infrastructure drives the growth of the protein characterization and identification market.  Further, the drug discovery & development segment is growing due to rising R&D expenditure and increasing clinical trials for advanced therapeutics promotes the growth of the segment which in turn promotes the growth of the protein characterization and identification market.  

 

Increasing agreements and collaborations among large companies is one of the major factors accelerating the market growth.

North America region is expected grow in the protein characterization and identification market due to growing availability of funds from government organizations to develop innovative technologies coupled with growing agreements and companies among large companies. Thus, aforementioned factors are driving the growth of the protein characterization and identification market.  

 

Recent strategic developments in protein characterization and identification market

The protein characterization and identification market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, Thermo Fisher Scientific launched Orbitrap IQ-X Tribrid mass spectrometer.
  • In June 2021, Agilent Technologies, Inc. launched Bio LC system which is UPHPLC technology used for protein analysis.
  • In May 2021, Danaher Corporation and Waters Corporation launched Waters ultra-performance liquid chromatography instruments on collaboration.
  • In August 2020, Bruker Corporation on collaboration with Utrecht University developed new methods for protein structures and interactions study using mass spectrophotometry.

 

The protein characterization and identification market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Thermo Fisher Scientific, Merck KGaA, Danaher Corporation, Agilent Technologies, Waters Corporation, Creative Proteomics, Rigaku Corporation, Analytik Jena, Promega Corporation, and QIAGEN N.V. are among the prominent players operating in the market.

Target audience for the report:

  • Pharmaceuticals industries
  • Biotechnology companies
  • Contract research organizations
  • Research institutes, and other organizations

 

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product Type:
    • Consumables
      • Immunoassay Consumables
      • Mass Spectrometry Consumables
      • Chromatography Consumables
      • Electrophoresis Consumables
      • Other Consumables
    • Instruments
      • Mass Spectrometry Instruments
      • Chromatography Instruments
      • Electrophoresis Instruments
      • Label-free Detection Instruments
      • Spectroscopy Instruments
      • Other Instruments
  • Application
    • Drug Discovery & Development
    • Clinical Diagnosis
    • Other Applications
  • End User
    • Pharmaceutical & Biotechnology companies
    • Academic Research Institutions
    • Contract Research Organizations
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Thermo Fisher Scientific
    • Merck KGaA
    • Danaher Corporation
    • Agilent Technologies
    • Waters Corporation
    • Creative Proteomics
    • Rigaku Corporation
    • Analytik Jena
    • Promega Corporation
    • QIAGEN N.V.

The List of Companies
- Thermo Fisher Scientific
- Merck KGaA
- Danaher Corporation
- Agilent Technologies
- Waters Corporation
- Creative Proteomics
- Rigaku Corporation
- Analytik Jena
- Promega Corporation
- QIAGEN N.V.

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