Global Protein Trends & Technologies Market:
Protein chip is a new technology for tracking actions of proteins. This technology has substituted traditional technologies like chromatography and DNA microarray. Proteins also have wide application in the diagnosis of disease and treatment development. The demand for newer technologies applicable in the healthcare sector, along with promising trends in protein identification & tracking, and the growing usage of protein studies in research and development activities are expected to the growth of global protein trends & technology market.
According to the detailed analysis of Market Research Future (MRFR), the global Protein Trends & Technologies Market Is likely to acquire USD 10 billion in 2023 from USD at a CAGR of about 8.2% during the forecast period (2017-2023).
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On the other hand, the cost of technologies such as High-Performance Liquid Chromatography (HPLC) and protein chip is likely to act as hindering factors for the growth of the global protein trends & technology market.
Agilent Technologies, Inc., (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corporation (U.S.), EMD Millipore (U.S.), Formulatrix, Inc. (U.S.), Hampton Research Corp. (U.S.), Jena Bioscience GmbH (Germany), Life Technologies Corporation (U.S.), MiTeGen LLC (U.S.), Molecular Dimensions Ltd. (U.K.), Oxford Expression Technologies Ltd. (U.K), Qiagen N.V. (Germany), Rigaku Corporation (Japan), Takara Bio Inc. (Japan), and Thermo Fisher Scientific Inc. (U.S).
- Global protein trends & technology market has been segmented on the basis of technology, application, and end-users.
- The various technologies used in the global protein trends & technology market are chromatography, electrophoresis, nuclear magnetic resonance, protein chip, tandem mass spectrometry, X-ray crystallography, and other technologies. The electrophoresis segment is further segmented into 2D electrophoresis and gel electrophoresis. Chromatography is sub-segmented into high-performance liquid chromatography (HPLC), ion-exchange chromatography, and liquid chromatography.
- The various applicatios of global protein trends & technology in the market are antibody characterization, biomarkers, de novo (peptide) sequencing, diagnostics, protein identification, protein structure determination, protein quantitation, proteogenomics, and treatment development.
- The end-users operating in the global protein trends & technology market are biotechnology companies, pharmaceutical companies, research institutes, and other end users.
Based on the region, the global protein trends & technology market is segmented into the Asia Pacific, the Americas, Europe, and Middle East & Africa.
The Americas region accounts for the largest market share in the global market for protein trends and technology and is expected to retain its dominant market valuation over the review period. Extensive usage of HLPC, growing adoption of protein chip, and technological advancements in the healthcare sector are some of the influential factors that impact the growth of the market in the region over the evaluation period. Large scale protein products manufacturing companies are concentrated in this region. Availability of funds for R&D, increasing demand for protein technology as well as growing healthcare expenditure drive this market in North America.
Europe accounts for the second-largest market share and is expected to maintain its superior market standing in the global protein trends & technology market over the forecast period. The market growth in the European region is attributed to the availability of skilled and qualified healthcare professionals, researchers, growing government expenditure towards research and development activities and the augmented demand for technological advancements in the region.
The Asia Pacific is assessed as the fastest-growing region in the global protein trends & technology market, owing to the higher demand for protein technology for the advancement of diagnosis and treatment methods in the region. The increasing prevalence of chronic diseases and the need for early diagnostic techniques is likely to fuel the demand and market share over the forecast period.
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