Proteomics market was valued at $21.12 billion in 2019, and is projected to reach $49.97 billion by 2027 at a CAGR of 12.2% from 2020 to 2027. Proteomics has the capacity to explain questions that were unsolved by genomics, as proteins are the functional unit of cells. Advancements in technologies such as mass spectrometry and chromatography and development of computer algorithms for database searching facilitate proteomics research. The analysis of target proteins for disease diagnosis is the largest application of proteomics.
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The key companies profiled in the proteomics market report include Agilent Technologies Inc., Danaher Corporation, LI-COR, Inc., PerkinElmer, Inc., Thermo Fisher Scientific, Inc., HORIBA, Ltd., Bio-Rad Laboratories, Inc., 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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Most markets are dropping down as COVID-19 outbreak has negatively affected various healthcare related markets. The development of therapeutic and preventive strategies requires an accurate understanding of the role that proteins play in the SARS-CoV-2 infection process and progression of COVID-19. A wide array of identification and separation techniques can isolate proteins from complex mixtures, facilitating the analysis of protein-protein interactions, temporal expression patterns and cellular or subcellular distribution. For instance, most common separation methods are one- and two-dimensional gel electrophoresis and high-performance liquid chromatography, whereas mass spectrometry (MS) forms the backbone of protein detection and identification. MS-based detection can provide simple and rapid detection of SARS-CoV-2, even among recovered patients. Hence, in the perspective of COVID-19, proteomics can help to reveal novel biomarkers and define point-of-care procedures that could mean cost-effective healthcare can be delivered closer to the patient.
The key drivers of the proteomics market include increased in popularity of personalized medicines, surge in R&D expenditure and technological advancements associated with proteomics components. Moreover, high costs associated with proteomics components and dearth 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 proteomics market growth opportunities.
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- The reagents segment generated the highest revenue in 2019, and is projected to grow at a CAGR of 11.7% during the forecast period.
- The instruments segment is anticipated to grow at the highest CAGR throughout the forecast period.
- Drug discovery dominated the global proteomics applications market in 2019, accounting for nearly 60.0% of the share of the proteomics market size in 2019.
- In 2019, the U.S. was the leading country, occupying the largest proteomics market share in North America.
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