Proteomics Market was valued at over USD 11.8 billion in 2015 and is estimated to grow at a CAGR of 20% over the forecast period. Proteomics is the study of proteins, particularly their structures and functions. Proteins are considered to be a major part of living organisms that play significant functions including catalyzing different biochemical reactions, transporting oxygen with help of hemoglobin which act as a messenger, and defending against infections with help of antibodies in the human body.
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The key driving factors responsible for the growth of Proteomics
market :
The global market is expected to
witness a significant growth owing to high demand in protein engineering
particularly in biopharma, diagnostics and drug discovery industry over the
forecast period. Improved relation between cellular behavioral and genome
sequence, is anticipated to be a key driving factor for market growth.
High investment in research &
development along with funds from government systems is estimated to surge the
market growth. The improvements in mass spectrometry and expression technology
in protein helps to obtain more data from nominal sample that behave as
catalysts in proteomics segment. Increasing corporate and institutional
investment in proteomic R&D for further studies is also anticipated to
promote the market growth.
Increasing birth disorders,
genetic disorders and healthcare expenditure, are estimated to be the major
driving factors for the market growth. Swift Growth of pharmaceutical and
biopharmaceutical market on owing to increasing prevalence of protein
deficiency diseases such as marasmus is attributed is the demand for proteomics
market has increased.
Protein deficiency is widely
spread among people who live in impoverished regions and in elderly people who
lack access to proper nutritious food. Protein deficiency is also expected to
affect people born with genetic disorder to produce certain nutritional
proteins, and also people with these diseases cause them to lose appetite and
experience muscle breakdown. Developing countries are expected to witness large
number of cases owing to poverty and economic situation.
Increased understanding of human
genome and its applications in proteomics is expected to be an opportunity to
the global market. Human Genomics focuses on the application of genomic
approaches to improve understanding of human disease, drug discovery and
variable drug reaction including proteomics and other significant diseases.
Problems encountered by proteomics key players to obtain regulatory agreements
for biomarkers, increasing costs of proteomic tools, coupled with lack of
skilled research expertise are expected to restrain the market growth globally
over the forecast period.
Based on the instrument type the
global market has been segmented into crystallography, SPR system, Protein
microarray, spectroscopy, electrophoresis and chromatography. Protein
microarray is expected to be the largest market. This technology is a
high-throughput method which can be used to track the activities and
interactions of proteins, and also to determine their function on a large
scale. Its major advantage is that huge numbers of proteins can be easily
tracked in parallel. The ability of mass spectrometry is to identify and to
precisely compute large number of proteins from highly complex samples is
expected to broadly impact on medicine and biology.
Various reagents required for the
expression and analysis of proteins are immunoassay, protein fractionation
reagents and microarray reagents. Services that are provided in proteomics
market are maintenance services, data analysis, and analytical laboratory
services, Analytical laboratory services include protein separation, sequencing
services, and identification, whereas maintenance & data analysis include
bioinformatics databases and tools.
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