Proteomics Market Size and Growth Rate:

“The Global Proteomics Market was valued at US$ 25.6 Bn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to rising funding for proteomics from the government and increasing number of pharmaceutical and biotechnology R&D expenditure”

Proteomics Market Growth Drivers and Restraints:

The global proteomics market was valued at US$ 25.6 Mn in 2018 and growing at a CAGR of 11.2% over the forecast period owing to rise in acceptance of personalized medicines, increase in R&D spending and technological developments related with proteomics. Additionally, upsurge in awareness and accessibility of proteomics instruments in both developed and developing market lifts the growth of the market. However, lack of skilled professionals and high cost of proteomics components are anticipated to obstruct the growth of the market. Developments in mass spectrometry-based proteomics and biomarker identification are expected to creative significant opportunities over the forecast period.

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Reagents segment accounted for higher revenue share:

Based on product type, global proteomics market segmented into instruments, reagents, and software. Reagents segment accounted for the largest market share in 2018 with respect to revenue owing to the increasing use of reagents in various complex proteomics procedures and availability of various types of reagents fuels the growth of the market. In order to do effective analysis, reagents play very critical role in the identification and also includes X-ray crystallography reagents, chromatography reagents, Immunoassay reagents, and protein microarray reagents etc.
Asia Pacific holds leading position in Global Proteomics Market:

PBI’s global proteomics market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to increasing number of research and development centers establishment in the region by the prominent market players. Latin America is also expected to grow with significant growth rate over the forecast years owing to development of life sciences research industry focusing mainly on proteomics research in cancer, neurobiology, and infectious disease areas. Advancements in technology is expected to boost the growth of the market over the forecast years.
Recent Developments in the Global Proteomics Market

 In September 2017, Biognosys AG announced co-marketing agreement with Waters Corporation to enabling SONAR Technology with Spectronaut Pulsar Software for the Advancment of Data-Independent Acquisition Workflows for Proteomics"
 In September 2016, Waters Corporation developed proteomics and lipidomics with Sonar (a novel mass spectrometry data acquisition) for the quantification and identification of proteins and lipids
 In 2014, Agilent Technologies announced that it has extended a co-marketing agreement with MRM Proteomics Inc.

Key player’s profiles in the report are Merck KGaA (Germany), Waters Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies Inc. (U.S.), Bruker Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), PerkinElmer Inc. (U.S.), GE Healthcare (U.S.), Danaher Corporation (U.S.), and Luminex Corporation (U.S.) to name a few.

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Detailed Segmentation of Proteomics Market:

By Product Type
o Instruments
o Protein microarray
o Spectroscopy
o X-ray Crystallography
o Chromatography
o Electrophoresis
o Protein fractionation system
o Others
o Reagents
o Software

By Service Type
o Analytical laboratory services
o Protein sequencing
o Protein identification
o Protein separation
o Data analysis and maintenance
o Others

By Application
o Diagnosis
o Treatment
o Drug discovery
o Others

By End User
o Biopharmaceutical and Pharmaceutical Companies
o Chemical industries
o Research institutes
o Others


Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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