Proteomics is the large-scale study of proteomes. A proteome is a collection of proteins produced in an organism, system, or biological context. For example, it can refer to the proteome of a species (for example, humans) or of an organ (for example, the liver). The proteome is not constant; it differs from cell to cell and changes over time. To some extent, the proteome reflects the underlying transcriptome. 

Increase in pharmaceutical and biotechnological RD spending and government funding of proteomics is the key factor driving the growth of the market along with increased growth of latest protocols and reagents used for the downstream evaluation to maximize DNA / RNA distortion from single cells test and increasing technological advancements are among the major factors driving the growth of the proteomics market. Additionally, increasing research and development activities in the market and an increase in technological advancement and modernization in healthcare techniques are expected to create more growth opportunities for the proteomics market during the forecast period.

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MARKET DRIVERS

Key factors driving the growth of the industry include the growing demand for personalized drugs and advanced diagnostics for targeted disease treatment and the high prevalence of target diseases. In addition, the growing focus on the use of products in drug design, biomarker discoveries, and clinical diagnostics for disease diagnosis and treatment is expected to support industry growth.

In addition, the global industry is expected to grow rapidly in the coming years due to technological advances, increased research funding, rising healthcare costs, increased demand for personalized medicines, and the growing number of various genetic diseases. The increasing prevalence of chronic diseases such as cancer, cardiovascular disease (CVD), respiratory disease, chronic kidney failure and others is another factor that should drive the growth of the market. For instance, according to Globocan, as of December 2020 there were 19.3 million new cancer cases worldwide and 10 million cancer deaths have been reported. Likewise, cardiovascular disease is a leading cause of death worldwide. For example, according to WHO (2021), target diseases kill 41 million patients per year. Therefore, due to the increasing prevalence of life-threatening diseases, the demand for personalized therapies is also increasing, which is expected to have a positive impact on the industry.

MARKET OPPORTUNITIES

The market is expected to have new opportunities with the technological advancements and ongoing RD involved in the proteomics sector is expected to provide ample new growth opportunities in the market during the forecast period. Opportunities related to the identification of biomarkers and developments in mass spectrometry-based proteomics are expected to provide lucrative growth opportunities for the growth of the proteomics market over the forecast period. 

MARKET RESTRAINTS

The market has major restraining factors like the high cost of proteomics instruments and the lack of advanced healthcare systems in developing nations. Also, the proteomics instruments include high investment and maintenance costs, and this factor is expected to act as a hurdler for the market’s growth over the forecast period. Besides, a lack of a skilled workforce is another factor which is expected to be a restraining factor for the growth of the market over the forecast period.

MARKET GROWTH CHALLENGES

The COVID-19 pandemic has hampered the growth of the market to a major extent, which has created a major challenge for the market’s growth. Also, stringent regulatory standards are expected to be a major challenge for the market’s growth over the forecast period. 

CUMULATIVE GROWTH ANALYSIS

The report provides an in-depth analysis of the global Proteomics market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for various Proteomics in various applications has led to the increasing demand for the market and is expected to witness growth at a specific CAGR from 2021-2028.

PROTEOMICS MARKET SEGMENTAL OVERVIEW

The global Proteomics market comprises of different market segments like product, technology, application and geography. 

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of the Proteomics market is majorly focused on expanding the global growth of Proteomics with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the proteomics industry has led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfil the consumer’s requirements, which is further contributing towards healthy growth in the market.

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