Technological advancements in medical sector are driving the growth of the United States Protein Chips Market, in the forecast period, 2023-2027F.
According to TechSci Research report on, “United States Protein Chips Market – By Region, Competition Forecast & Opportunities, 2027”, United States protein chips market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of expanding healthcare and pharmaceutical sector. Increasing demand for the protein analysis and understanding of the protein functions for pharmaceutical development and protein microarrays for biomarker analysis further drives the growth of the United States protein chips market in the upcoming five years.
Also, increasing research and development of therapeutics through protein interactions like protein–protein, protein–DNA, protein–RNA, protein–phospholipid, and protein–small molecule interactions are further anticipated to support the growth of the Untied States protein chips market in the next five years.
Additionally, growing need for personalized medicine for the increasing instances of chronic diseases are further anticipated to aid the growth of the United States protein chips market in the future five years. Higher prevalence of cancer in the population of the country, including people of all ages and gender further aid the growth of the Untied States protein chips market in the forecast years, until 2027.
Rapidly growing investments in the research and development of the biotechnological products, genetic engineering, and molecular biology, etc. further drive the growth of the United States protein chips market in the forecast period.
Although the technological advancement and product development support market growth, the United States protein chips market may experience a mild restraint due to high costs of protein analysis. To maintain the properties of protein, and keep them from unstable conditions, is difficult and costs higher thus may have mild constraint on the market growth.
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The United States protein chips market is segmented by technology, application, end user, competitional landscape, and regional distribution.
Based on technology, the market is further differentiated into analytical microarrays, functional protein microarrays, and reverse phase protein microarrays. Analytical microarrays are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of increasing demand for the protein structural analysis.
Growing pharmaceutical application of protein expression and understanding gene translation and expression for better understanding of the protein & its functionality further drives the growth of the United States protein chips market in the next five years.
Functional protein microarrays are anticipated to register significant growth in the future five years on the ground of increasing application of the technology for advanced diagnosis. Also, increasing investments from the government and the private sectors are further supporting the growth of the United States protein chips market in the forecast years.
On the basis of application, the market segment is bifurcated into diagnostics, proteomics, antibody characterization, and others. Proteomics applications are anticipated to hold the largest revenue share of the market and dominate the market segment in the upcoming five years on the ground of increasing research and development.
Favorable government schemes and increased investment also substantiates the growth of the United States protein chips market in the next five years. Antibody characterization is expected to register fastest growing CAGR value in the upcoming five years due to recent pandemic situation and higher research over the COVID-19 virus and its action course inside the body.
Development of the vaccine, medicines, and cure for the infectious diseases is further anticipated to aid the fast growth of the United States protein chips market in the forecast years, until 2027. Diagnostics sub-segment is expected to hold significant market shares and grow diligently in the next five years on the grounds of increasing demand for early and efficient diagnosis of the deadly diseases, and infectious diseases.
Analyzing the microbes, and their gene translation to understand microbiology of the diseases and thus obtain an effective drug to counter the effects of the infection further leads the demand for the applications of protein chips in advanced diagnostics and thus substantiates the growth of the United States protein chips market in the forecast period.
A partial list of major market players of the United States protein chips market includes:
· Illumina Inc.
· Thermo Fischer Scientific, Inc.
· PerkinElmer, Inc.
· Danaher Corporation
· Agilent Technologies, Inc.
· Bio-Rad Laboratories, Inc.
· Raybiotech Inc.
· Arrayit Corporation
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“Academic centers and research institutes are anticipated to lead the end user analysis of the market and generate largest revenues in the upcoming five years. Increasing investment in the healthcare sector, pharmaceutical development, research institutes, and fundings for the advancement of the technologies to advance healthcare services drive the growth of the market in the country. Government and private investments support the increasing investment demands. Furthermore, rapidly increasing chronic and infectious diseases in the country is also one of the major reasons behind future growth of the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Protein Chips Market By Technology (Analytical Microarrays, Functional Protein Microarrays, Reverse Phase Protein Microarrays), By Application (Diagnostics, Proteomics, Antibody Characterization, Others), By End User (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United States protein chips 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 United States protein chips market.
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