According to the TechSci Research report titled “Protein Characterization and Identification Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the Global Protein Characterization and Identification market is poised for significant growth during the forecast period of 2024-2028. This growth can be attributed to increased R&D spending in the pharmaceutical sector, government funding, opportunities in proteomics, and advancements in protein technology across the region. Furthermore, the rise in chronic disease cases and increased research and development activities are key drivers of market expansion during this projected timeframe. The escalating adoption of biologics and biomarkers for disease detection is also expected to amplify growth in the global Protein Characterization and Identification market. Additionally, governments worldwide are supporting healthcare industry development, including funding for research and development, thereby fueling demand for the Protein Characterization and Identification market throughout the forecast period.
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However, the cost associated with proteomic technologies like mass spectrometry and chromatography might impede the growth of the global Protein Characterization and Identification market in the forecast period. The shortage of skilled professionals could also restrict market expansion. Likewise, the intricacies of protein analysis, challenges linked to data interpretation in protein characterization, and stringent regulatory requirements, particularly in the pharmaceutical industry, could hinder market growth in the projected period.
The Global Protein Characterization and Identification market is categorized based on product and service, technology, application, and region. In terms of application, the market can be further divided into drug discovery & development, clinical diagnosis, and others. The drug discovery & development segment dominated the market in 2022 and is projected to maintain its dominance throughout the forecast period. This is attributed to increased research and development spending and a higher number of clinical trials aimed at advanced techniques. Moreover, investments in firms focused on next-generation genomics and bioinformatics are expected to drive lucrative growth during the forecast period.
Considering end-users, the market can be further segmented into pharmaceuticals & biotechnology companies, academic research institutes, contract research organizations, and others. The Pharmaceuticals & Biotechnology companies segment is anticipated to lead during the forecast period due to the rising research and development activities in the pharmaceutical and biotechnology sectors for novel drug discovery. Collaborations between market players and academic institutes also contribute to this segment’s prominence.
Major companies operating in the global Protein Characterization and Identification market are:
- Agilent Technologies
- Analytik Jena
- Bio-Rad Laboratories
- Bruker Corporation
- Cleaver Scientific
- Danaher Corporation
- Eurofins Scientific
- Horiba Ltd.
- Jeol Ltd.
- Merck KGaA
- PerkinElmer, Inc.
- Promega Corporation
- QIAGEN NV
In April 2022, PerkinElmer, Inc. launched two ready-to-use HTRF and AlphaLISA no-wash assay kits designed to quickly and easily detect and quantify CHO HCP (Host Cell Protein) impurities during biopharmaceutical manufacturing.
In April 2022, Waters Corporation WAT added the new Xevo TQ Absolute system to its portfolio offerings of mass spectrometers.
In April 2019, Perkin Elmer completed the acquisition of Cisbio Bioassays to expand its DELFIA, Alpha, and LANCE assay technologies. The acquisition added Cisbio’s capabilities to PerkinElmer, which provided its researchers access to an expanded range of assay tools for small molecule and biologic drug discovery.
In June 2021, Thermo Fisher Scientific launched a mass spectrometer, Orbitrap IQ-X Tribrid, principally to reveal complex chemical structures for compound identification & structure explanation of small molecules.
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“North America is expected to dominate in the Global Protein Characterization and Identification market owing to the presence of many pharmaceutical and biotechnology companies in the region, as well as significant government funding for research and development in life sciences. Similarly, growing demand for protein characterization and identification services, as these technologies are critical for developing new treatments and therapies along with growing prevalence of chronic diseases is expected to create lucrative growth in the market during the forecast period. Moreover, growing government funding for healthcare infrastructure, and a large and rapidly expanding population is expected to drive the growth of the market during the forecast period. Furthermore, increased R&D spending in proteomics research and increased market demand for high-quality analytical equipment for protein analysis is further expected to create lucrative opportunities for market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Protein Characterization and Identification Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” Segmented By Product & Services (Consumables, Instruments, Services), By Application (Drug Discovery & Development, Clinical Diagnosis, Others), By End-Use (Pharmaceuticals & Biotechnology Companies, Academic Research Institutes, Contract Research Organizations, Others), By Region and By Competition”, has evaluated the future growth potential of global Protein Characterization and Identification market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Protein Characterization and Identification market.
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