Proteomics Market Size was valued at $23,654.34 million in 2021, and is projected to reach $98,051.83 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.
Proteomics studies the interactions, functions, compositions, and structures of proteins and their cellular activities. Proteomics provides a better understanding of the structure and function of the organism than genomics. It has the capacity to explain questions that were unsolved by genomics, as proteins are the functional unit of cells. It is estimated that there are almost one million human proteins, many of which contain some modifications such as post-translational modifications (PTMs). However, it is also estimated that the human genome codes for about 26000-31000 proteins for an average of three proteins, one gene can code for several protein products, whereas some genes code only for RNA. Even with improved genome analysis, computation alone is simply not enough to generate an accurate gene number.
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Key players operating in the global Proteomics Industry include Agilent Technologies Inc., Danaher Corporation, LI-COR, Inc., PerkinElmer, Inc., Thermo Fisher Scientific, Inc., HORIBA, Ltd., Bio-Rad Laboratories, Inc.,ย Bruker Corporation, General Electric (GE), and Waters Corporation. The other players included in the value chain analysis (but not included in the report) are Becton, Dickinson and Company, Caprion Biosciences, and others.
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There are a variety of proteomics techniques including one-dimensional (1D) and two-dimensional (2D) gel electrophoresis (2-DE). Advancements in technologies such as mass spectrometry and chromatography and the development of computer algorithms for database searching facilitate proteomics research. The analysis of target proteins for disease diagnosis is the largest application of proteomics.
The key Proteomics Market Trends include an increase in the popularity of personalized medicines, the surge in R&D expenditure, and technological advancements associated with proteomics components. Moreover, increasing focus on usage of proteomics in drug designing, biomarker discoveries, and clinical diagnostics for the diagnosis and treatment of diseases propel the growth of the market.
For instance, in June 2022, Bruker Corporation announced the further evolution of the revolutionary 4D Multiomics timsTOF platform with the launch of the new timsTOF HT system. The timsTOF HT includes a novel 4th-generation TIMS (trapped ion mobility separation) XR cell and 14bit digitizer for even greater dynamic range, enhanced peptide coverage, and more accurate quantitation, particularly in unbiased 4D plasma and tissue proteomics and epiproteomics. However, high costs associated with proteomics components and a shortage of skilled professionals hamper the market growth. Conversely lucrative opportunities associated with biomarker identification and developments in mass spectrometry-based proteomics are expected to provide lucrative growth opportunities for the market.
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- The reagents segment generated the highest revenue in 2021 and is projected to grow at a CAGR of 15.5% during the forecast period.
- Drug discovery segment dominated the global proteomics applications market accounting for nearly 15.8% of the market share in 2021.
- Region-wise, Asia-Pacific is expected to experience a growth at the highest rate, registering a CAGR of 18.0% during the forecast period.
- In 2021, the U.S. was the leading country, occupying the largest market share.
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