Market Size – USD 2.73 Billion in 2021, Market Growth - CAGR of 9.2%, Market Trends –the increasing demand from electronics industry is widening the scope for Protein Characterization and Identification Market.
According to the current analysis of Introspective Market Research, the global Protein Characterization and Identification Market was valued at USD 2.73 Billion in 2021 and is expected to reach USD 5.05 Billion by the year 2028, at a CAGR of 9.2%.
Protein characterization can be an extensive field of study covering an extensive range of analytical methods and techniques. Even though biochemists have made remarkable advances in protein analysis, the process of identifying and purifying novel proteins remains a forbidding task. This is largely owing to the scarcity of a universal solution for macromolecules with divergent aggregation states, structures, charges, and sizes. Proteins form the fundamental component of human life and hence, they are a prominent subject of study and research. Once a highly pure protein has been acquired, biochemists can then begin to characterize its molecular weight, composition, structure, purity/impurity, and so on. These objectives are often interlinked and are best met in specific orders. For instance, the molecular weight of a protein chain is forecasted based on the amino acid composition, which is determined by chemical methods.
The vigorous growth of the biologics and proteomics sectors is one of the major factors fueling the adoption of protein characterization and identification. Apart from this, different governments globally are investing large sums in proteomics research, which is providing a spur to the global protein characterization and identification market. The Asia Pacific market is anticipated to provide growth opportunities for players due to the growing target of using protein analysis-based technologies for drug discovery, rising R&D initiatives to develop innovative proteomic and genomic techniques, different healthcare markets, and boosting research infrastructure.
Protein Characterization and Identification Market is segmented by Product Type (Consumables, Instruments, Services), Application (Drug Discovery & Development, Clinical Diagnosis, Other Applications), End-Users (Pharmaceutical & Biotechnology Companies, Academic Research Institutions, Contract Research Organizations, Other End Users), and region.
Key participants such as General Electric Company (US), Cleaver Scientific (UK), Bio-Rad Laboratories, Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), Agilent Technologies Inc (US), Waters Corporation (US), Shimadzu Corporation (Japan), Creative Proteomics (US), PerkinElmer, Inc. (the US), MS Bioworks (US), Rigaku Corporation (Japan), Analytik Jena (Germany), VProteomics (India), Promega Corporation (US), Bruker Corporation (US), Sartorius AG (Germany), HORIBA Ltd. (Japan), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific, Inc. (US), JEOL Ltd. (Japan), MassTech Inc. (US), Advion, Inc. (the US), SERVA Electrophoresis GmbH (Germany), MilliporeSigma (US), and others.
For this report, Introspective Market Research have segmented the Protein Characterization and Identification Market on the basis of region:
Regional Outlook (Revenue in USD Billion; Volume in Units, 2021-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
