In a landmark projection unveiled by FMI (Future Market Insights), the global proteomics market is poised to surpass a significant milestone, with demand expected to exceed USD 30,825.04 Million by the year 2022. This forecast, detailed in a recent FMI report, underscores the burgeoning significance of proteomics in biological research and healthcare innovation worldwide.
The report further anticipates a robust growth trajectory for the proteomics market, with estimates soaring to an impressive USD 109,485.7 Million by 2032. This anticipated surge reflects a Compound Annual Growth Rate (CAGR) of 13.5%, highlighting the escalating momentum and enduring potential of the proteomics sector.
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Proteomics, the pivotal study of proteins and their intricate functions within biological systems, has emerged as a cornerstone of scientific advancement with far-reaching implications across diverse industries. Fuelled by technological breakthroughs, enhanced comprehension of disease mechanisms, and escalating demand for personalized medicine, proteomics continues to reshape the landscape of healthcare and biotechnology.
Commenting on the projected growth at FMI, stated, “The escalating demand for proteomics underscores its pivotal role in advancing biological research and transforming healthcare delivery. With a profound impact on disease diagnosis, drug discovery, and therapeutic interventions, proteomics is poised to drive unprecedented innovation and redefine the future of medicine.”
Key highlights from the report include:
- Projection of global proteomics market demand to surpass USD 30,825.04 Million by 2022.
- Anticipated market value to reach an estimated USD 109,485.7 Million by 2032, at a CAGR of 13.5%.
- Factors driving growth include technological advancements, enhanced understanding of disease mechanisms, and rising demand for personalized medicine.
The release of this report heralds a new era of opportunity and progress in the realm of proteomics, offering stakeholders invaluable insights into emerging trends, challenges, and opportunities shaping the market landscape.
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Proteomics Market: Drivers & Restraints
Growing demand for personalized medicine market, technological advancement, innovation, increase availability of funds from both private and public sector for proteomics increasing healthcare expenditure, increasing genetic disorders, birth disorders are the most important driving factors in proteomics market.
Since growth of pharmaceutical and biopharmaceutical market is fast, the demand for proteomics market has increased. With so many advantages and splendid features of proteomics, it has few disadvantages too. High cost of the medicines and devices and lack of professional researchers are acting as a barrier for proteomics market.
Proteomics Market: Regional Outlook
The proteomics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, proteomics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for proteomics market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.
Proteomics Market: Top Players
Some of the key market players proteomics market are Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Genzyme Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Affymetrix Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
Proteomics Market: Key Segmentation
By Equipment:
- Chromatography
- Mass Spectroscopy
- Protein Microarray
- X-ray Crystallography
- Protein fractionation
- Others
By Services:
- Laboratory Service
- Data Analysis and Services
By Application:
- Drug discovery
- Clinical Diagnosis
- Others
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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