New York, NY -- (SBWIRE) -- 04/23/2021 -- The global Proteomics Market is expected to reach a market size of USD 57.57 Billion by 2027 and register a high CAGR during the forecast period, according to a new report by Reports and Data.

The proteomics market is witnessing increased revenue growth due to the growing popularity of personalized medicines, advancements in technology, and rise in research & development expenditure and initiatives. A key driving factor is the rising trend of personalized medicine. Biotechnology and pharmaceutical companies have over the years doubled their investment in R&D of personalized medicine. Advancement in proteomics technologies contributed to the development of personalized medicines by enabling detection of proteomics molecular diagnostics, protein biomarkers, pharmacoproteomics, and protein biochips. Personalized medicine is commonly used in cancer treatment.

High cost of proteomics equipment and lack of skilled workforce is a factor hampering growth of the market. However, growth in biomarker identification and advancements in mass spectrometry-based proteomics are expected to provide growth opportunities in the proteomics market. Development of efficient and advanced technologies, rise in genetic and birth disorders, increasing healthcare expenditure, and availability of funds from both public and private sectors will contribute significantly to growth of the market.

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Further key findings in the report

The reagent segment among the product segments accounted for the largest revenue share in 2019. Increasing research activities and growing need for protein separation from complex mixtures for effective analysis is expected to continue to drive revenue growth of this segment.
Microarray segment dominated other technology segments in terms of revenue share in 2019. Microarray offers label-free detection, full imprint of proteins, and produces vast amounts of information from small samples, which is driving demand for application in biopharmaceutical companies.
The drug discovery segment revenue is expected to continue to register a robust growth rate due to increasing application of proteomics in identification of toxicity and efficacy from biological fluids and target validation and identification. Identification of new drugs by proteomics is one of the major factors supporting market growth.
North America accounted for the largest share in the global proteomics market in 2019. Increasing research activities in healthcare, high funding from governments, and rising need for improved healthcare infrastructure are some key factors driving growth of the market.
Key participants include Agilent Technologies, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Merck KgaA, PerkinElmer, Inc., Promega Corporation, Waters Corporation, Bruker Corporation, and GE Healthcare.

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For the purpose of this report, Reports and Data has segmented the global proteomics market on the basis of product, technology, application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

Instruments
Reagents
Services

Technology Outlook (Revenue, USD Billion; 2017-2027)

X-Ray Crystallography
Chromatography
Microarray Instruments
Protein Fractionation Systems
Surface Plasma Resonance (SPR) Systems
Electrophoresis
Spectroscopy

Application Outlook (Revenue, USD Billion; 2017-2027)

Clinical Diagnosis
Drug Discovery
Others

Regional Outlook (Revenue in USD Billion; 2017–2027)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

TOC -
Chapter 1.    Market Synopsis

    1.1.    Market Definition

    1.2.    Research Scope & Premise

    1.3.    Methodology

    1.4.    Market Estimation Technique

Chapter 2.    Executive Summary

    2.1.    Summary Snapshot, 2019-2027

Chapter 3.    Indicative Metrics

Chapter 4.    Proteomics Market Segmentation & Impact Analysis

    4.1.    Proteomics Market Material Segmentation Analysis

    4.2.    Industrial Outlook

…………..

Chapter 9.    Competitive Landscape

    9.1.    Market Revenue Share By Manufacturers

    9.2.    Manufacturing Cost Breakdown Analysis

    9.3.    Mergers & Acquisitions

    9.4.    Market positioning

    9.5.    Strategy Benchmarking

    9.6.    Vendor Landscape

Chapter 10.     Company Profiles                   

    10.1.    Agilent Technologies, Inc. 

             10.1.1.    Company Overview

             10.1.2.    Financial Performance

             10.1.3.    Technology Insights

             10.1.4.    Strategic Initiatives

    10.2.    Danaher Corporation 

             10.2.1.    Company Overview

             10.2.2.    Financial Performance

             10.2.3.    Technology Insights

             10.2.4.    Strategic Initiatives

    10.3.    Bio-Rad Laboratories, Inc. 

             10.3.1.    Company Overview

             10.3.2.    Financial Performance

             10.3.3.    Technology Insights

             10.3.4.    Strategic Initiatives

    10.4.    Thermo Fisher Scientific, Inc.

            10.4.1.    Company Overview

            10.4.2.    Financial Performance

            10.4.3.    Technology Insights

            10.4.4.    Strategic Initiatives

    10.5.    Merck KgaA

             10.5.1.    Company Overview

             10.5.2.    Financial Performance

              10.5.3.    Technology Insights

               10.5.4.    Strategic Initiatives

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Proteomics market and its competitive landscape.

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