Proteomics Market Estimates, Share, Vendors, Growth Rate
Forecast 2013-2024
“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.”
The global 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.
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.
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