Authored By: Sarah
17 Jul 2023

Proteomics Market Size to Grow by $ 15.82 bn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the proteomics market and it is expected to grow by $ 15.82 bn, accelerating at a CAGR of almost 14% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Proteomics Market: Emerging Trends to Impact Market Growth

Emergence of label-free quantification techniques to emerge as a key trend in the industrial proteomics market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Proteomics Market 2020-2024 to Post a CAGR of 14% | Increasing Advances in Proteomics Research to Boost Growth

Proteomics Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Becton, Dickinson and Co., bioMerieux SA, Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, Shimadzu Corp., Siemens AG, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

The Global Proteomics Market is expected to grow by USD 15.82 billion accelerating at a CAGR of almost 14% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis 

Proteomics Market 2020-2024 to Post a CAGR of 14% | Increasing Advances in Proteomics Research to Boost Growth

Proteomics Market: Segmentation by Product

During 2019, the instruments segment dominated the Global Proteomics Market in 2019. The conventional mass spectrometers that were launched in the market usually required multiple analysis for the analysis of a single protein. However, this has changed, and vendors offer innovative instruments that help reduce the number of experimental steps and save on time for researchers.

The use of these techniques provides researchers with a robust solution for their protein analysis as the system analyzes proteins in a single run and eliminates a high MS footprint, a problem faced commonly by protein researchers. Therefore, as instruments continue to be the essential tools for efficient protein analysis, their demand will be high in the coming years. This demand is further expected to be driven by the emergence of innovative products by vendors. Hence, the instruments segment will witness steady growth during the forecast period.

Proteomics Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Becton, Dickinson and Co., bioMerieux SA, Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, Shimadzu Corp., Siemens AG, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Read News Read Less
Interested in this report?
Get your sample now!
Technavio