Market Size –
The protein detection and quantification market size grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to the increased prevalence of chronic diseases, expanded applications in clinical diagnostics, increasing emphasis on personalized medicine, and rising need for proteomics research.
The protein detection and quantification market size is expected to see rapid growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to escalating demand for personalized medicine, growing applications in biotechnology and clinical diagnostics, increasing adoption of automation and robotics, and adoption of point-of-care testing. Major trends in the forecast period include integration of AI-powered platforms, collaborations and partnerships, technological developments, and research on multiplexing.
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Scope Of Protein Detection And Quantification Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Protein Detection And Quantification Market Overview
Market Drivers –
The growing demand for personalized medicine is expected to propel the growth of the protein detection and quantification market going forward. Personalized medicine refers to a medical care philosophy that aims to tailor medicines and interventions to the particular requirements of each patient. The growth of personalized medicine is due to the rapid growth of omics technology, data integration, genetics, and an awareness of the significance of tailored patient-specific medications and preventive actions. Protein detection and quantification are critical components of personalized medicine for identifying and measuring specific proteins that may function as biomarkers for individualized patient care. For instance, in 2022, according to the Personalized Medicine Coalition, a US-based professional organization, 12 new customized medications were approved, accounting for around 34% of all newly approved treatments, a significant increase over prior years. Therefore, the growing demand for personalized medicine drives the growth of the protein detection and quantification market.
Market Trends –
Major companies operating in the protein detection and quantification market are focusing on developing innovative technologies, such as protein co-detection kits, to sustain their position in the market. A protein co-detection kit is designed to detect multiple proteins within the sample simultaneously. These kits typically include a combination of antibodies or probes specific to different target proteins, along with the necessary reagents and protocols for performing the detection assay. For instance, in September 2022, Vizgen Inc., a US-based biotechnology company, launched the Protein Co-detection Kit for the MERSCOPE Platform. The MERSCOPE Protein Co-detection Kit provides unprecedented capability to capture spatial gene expression and protein localization, enabling comprehensive single-cell analysis and deeper insights into complex biological processes. This kit empowers researchers with a powerful toolkit for studying cellular heterogeneity, biomarker discovery, and disease pathology, advancing precision medicine and therapeutic development.
The protein detection and quantification market covered in this report is segmented –
1) By Products: Kits And Reagents Or Consumables, Instruments, Services
2) By Technology: Colorimetric Assays, Immunological Methods, Chromatography, Mass Spectrometry, Spectroscopy Instruments, Other Technologies
3) By Application: Drug Discovery And Development, Clinical Diagnosis, Other Applications
4) By End User: Academic Research Institutes, Biotechnology And Pharmaceutical Companies, Contract Research Organization, Other End-Users
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Regional Insights –
North America was the largest region in the protein detection and quantification market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein detection and quantification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the protein detection and quantification market are <b>Roche Diagnostics, Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, GE HealthCare, Agilent Technologies Inc., Illumina Inc., Sartorius AG, PerkinElmer Inc., Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Qiagen N.V., Horiba ltd., Bio-Techne Corporation, Promega Corporation, Abcam Plc, Molecular Devices LLC, Olink Proteomics, RayBiotech Life Inc., Bio Scientific Research Laboratories</b>
Table of Contents
1. Executive Summary
2. Protein Detection And Quantification Market Report Structure
3. Protein Detection And Quantification Market Trends And Strategies
4. Protein Detection And Quantification Market – Macro Economic Scenario
5. Protein Detection And Quantification Market Size And Growth
…..
27. Protein Detection And Quantification Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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