The proteomics market size is projected to grow from $31.6 billion in 2024 to $94.7 billion by 2035, representing a CAGR of 10.5%, during the forecast period, till 2035.
Market landscape of key players in the proteomics industry. The proteomics market is highly fragmented, featuring the presence of established companies, as well as emerging start-ups. Most of the key players were established post-2010, indicating the increasing interest of various stakeholders in the domain. Around 55% of the key players engaged in the proteomics market are headquartered in North America; of these, >75% are small and mid-sized firms.
Majority of the key players offer kits and reagents, followed by instruments / technologies for protein analysis. Presently, around 85% of the key proteomics solution providers use spectrometry for protein analysis. Further, it is worth highlighting that 80% of the key players offer both, core and bioinformatics services for proteome study.
The increasing awareness in the domain of proteomics is evident from number of key strategic initiatives undertaken by leading companies in the recent past
With a strong focus on continuous innovation and sustainability, companies, including Agilent, Bruker, Seer and other leading players claim to provide proteomics solutions through their various collaborations and initiatives in the pharmaceutical industry. In order to augment the proteomics portfolio and revenues, we expect the companies to continue seeking collaboration opportunities with other leading players that offer innovative solutions and expand their respective offerings.
Foreseeing lucrative returns, many new entrants are stepping into the market; however, a number of factors presently affect the overall proteomics industry, which need to be considered by these new players
The high costs involved in proteomics instruments pose a significant barrier for firms looking to enter the industry. Proteomics involves complex biological processes and requires expertise in bioinformatics, molecular biology and other proteomics workflow techniques, which can limit its adoption and scalability, particularly for companies having insufficient technical know-how and resources. In addition, the proteomics market is a flourishing domain wherein the solution providers are currently focusing on developing technologically advanced novel proteomics instruments / technologies in order to cater the growing demands of their clientele.
Research Methodology
Our analysts have performed an accurate examination of the various aspects of the global market leveraging avant-garde primary and secondary sources of data collection. The report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them attain a competitive edge in the Proteomics Market.
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