Overview and Scope
Protein sequencing refers to the process of determining the precise order of amino acids within a protein or peptide. This technique is used to determine the precise order of amino acids within a protein molecule, which is crucial for understanding its structure and function in biomedical research
Sizing and Forecast
The protein sequencing market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.70 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to research demand, medical diagnostics, pharmaceutical development, agricultural applications, forensic analysis, biomarker discovery, and genetic evolution studies.
The protein sequencing market size is expected to see rapid growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to clinical genomics integration, expanded agricultural genomics, drug safety and pharmacogenomics, prenatal and newborn screening, and environmental DNA analysis. Major trends in the forecast period include growing demand for next-generation sequencing, increasing applications in clinical diagnostics, and rising investments in genomics research, expanding use in personalized medicine.
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Segmentation & Regional Insights
The protein sequencing market covered in this report is segmented –
1) By Product And Service : Protein Sequencing Products, Protein Sequencing Services
2) By Application: Bio-Therapeutics, Genetic Engineering, Other Applications
3) By End User 3: Pharmaceutical And Biotechnology Companies, Other End-Users
North America was the largest region in the protein sequencing market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the protein sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in genetic illness is expected to propel the growth of the protein sequencing market going forward. A genetic illness refers to any disease or disorder that is caused by abnormalities or mutations in an individual’s genetic material, generally their DNA. The rise in genetic illness is caused due to genetic mutations that can occur spontaneously or be inherited from parents. Protein sequencing can help identify specific genetic variants responsible for causing diseases thereby helping identify protein biomarkers, which are molecules indicative of a particular disease state or physiological condition. For instance, in March 2024, according to the Gene People, a UK-based registered charity with a vision to improve the lives of individuals, in the UK, approximately 30,000 babies and children are newly diagnosed with genetic conditions annually, with over 2.4 million individuals, encompassing both children and adults, living with such conditions. Therefore, the rise in genetic illness is driving the growth of the protein sequencing market.
Key Industry Players
Major companies operating in the protein sequencing market are F Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, Merck KGaA , Eurofins Scientific SE, Illumina Inc, Beckman Coulter Inc, PerkinElmer Inc, BGI Group, LGC Limited, GenScript Biotech Corporation, Oxford Nanopore Technologies Ltd, Pacific Biosciences of California Inc, Macrogen Inc, GENEWIZ Inc, Quintara Biosciences Inc, Source BioScience plc, Microsynth AG, Fasteris SA, GenHunter Corporation, Nucleics Pty Ltd, SciGenom Labs Pvt Ltd, StarSEQ GmbH, GATC Biotech AG, Agilent Technologies Inc, CeMIA SA
The protein sequencing market report table of contents includes:
1. Executive Summary
2. Protein Sequencing Market Characteristics
3. Protein Sequencing Market Trends And Strategies
4. Protein Sequencing Market – Macro Economic Scenario
5. Global Protein Sequencing Market Size and Growth
…
32. Global Protein Sequencing Market Competitive Benchmarking
33. Global Protein Sequencing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Protein Sequencing Market
35.Protein Sequencing Market Future Outlook and Potential Analysis
36. Appendix
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