11630 SW 97 Street, Miami, Florida 33176, US
Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
The global protein sequencing market is estimated to grow at a CAGR of 7.38% during the forecast period 2019–2025. The market is projected to grow from $5.62Bn in 2018 to $9.23Bn by 2025. Protein sequencing is a method of chemical or enzymatic digestion used to determine the protein or peptide amino acid sequence. Increasing focus on target-based drug development activities by biotechnology and pharmaceutical companies in various developing and developed regions is a key factor driving the growth of the protein sequencing market. Growing role of biotherapeutics and genetic engineering is expected to support the evolution of the protein sequencing market. The rising demand for protein biomarkers in drug development process will further enhance the overall market demand of protein sequencing during the forecast period.
Key Takeaways
In the coming years, Technological advancements for identification of isobaric residues in protein sequences, is expected to offer significant growth opportunities for players operating in the protein sequencing market.
Product Launches, Investments in R&D, Merger and Acquisition, Partnerships were key sustainability strategy adopted by the market players to ensure the growth of Protein Sequencing Market.
North America region dominated the Behavioral Therapy Market during the forecast period.
Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=505591
Product and Service – Segment Analysis
In 2018, the reagent and consumables segment is estimated to hold the largest share in the market in terms of revenue. This is owing to the advancements in protein sequencing technologies and the growing number of sequencing procedures have increased the overall usage of reagents and other consumables. However, the service sector has been estimated to e the fastest growing segment owing to the increasing technological advancements and the availability of complex machinery among the service providers.
Technology – Segment Analysis
In 2018, the Edman Degradation technology had the dominance over the market in terms of revenue owing to its wide usage for protein sequencing. However, the mass spectrometry technology has been estimated to be the fastest growing in the market during the forecast period. This is due to the increasing usage of this technology for quick and long chain protein sequencing.
End User – Segment Analysis
In 2018, the biotechnological companies had held dominance over the market in terms of revenue. This is owing to the increased technological advancements that has been used by these companies in order to formulate products. However, the academic institutes have been estimated to grow the fastest during the forecast period owing to the increase in the overall funding for research. Also, these institutes provide services such as Edman degradation and mass spectrometry as well.
Applications – Segment Analysis
Based on application, the biotherapeutics segment dominated the protein sequencing market in the 2018 and is estimated to grow at a CAGR of 5.7% during the forecast period. The growth in this segment can be attributed owing to the increased usage of protein sequencing in development of novel biotherapeutics. Increasing antibiotic resistance of microbes and the rising demand for targeted drug therapy is also driving the growth of this segment.
Geography – Segment Analysis
In 2018, North America region occupied 43.6% of the protein sequencing market share in terms of revenue. Technological advancements in sequencing platforms and increase in applications of protein sequencing by the biopharmaceutical companies and research institutes are the key factors helping in the growth of the market in this region. The development of protein sequencing data analysis solutions is also stimulating the growth of the market in this region. North America is closely followed by the Europe region and has the second largest share in the global protein sequencing market. Increase in demand for protein sequencing along with surging awareness are the key factors that are expected to fuel the growth of the protein sequencing market in Europe region.
However, Asia Pacific (APAC) region is estimated to witness the highest CAGR during the forecast period, 2019-2025.Presence of a large number of protein sequencing service providers in the region and the availability of government funding for life science research, advanced sequencing infrastructure in research organizations are some of the key factors driving the growth of the protein sequencing market in the APAC region.
Drivers – Protein Sequencing Market
Increasing Focus on target based drug development and technological advancements
Pharmaceutical and biotechnology companies are increasing their focus on target based drug development and are increasing research on genetically modified organisms are the key factors that are driving the growth of the market. The growing application of protein sequencing technique for identifying novel peptides in human antibodies and antigens is also boosting the market. Technological advancements for identification of isobaric residues in protein sequences, is expected to offer significant growth opportunities for players operating in the protein sequencing market.
Growing support from Government and increasing financial investment
The growing support from the government for the development of advanced sequencing infrastructures in the research organizations and the increasing R&D expenses by the companies is supporting in the growth of the protein sequencing market. Increasing public private financial support for proteomic research is also helping in the growth of the market.
Challenges – Protein Sequencing Market
High Cost of Equipment & Infrastructure
High cost of infrastructure and equipment, such as mass spectrometer can be a restraining factor for the growth of the market. The unavailability of adequate technological expertise and laboratory infrastructures in some parts of the world can also be a hindrance in the growth of the market.
Protein Sequencing Industry Outlook
Product Launches, Investments in R&D by the companies present in the market, Mergers and Acquisition along with partnerships were the key strategies of the players in the protein sequencing market. In 2018, the protein sequencing market share is consolidated by the top ten players present in the market. Protein sequencing top 10 companies include Thermo Fisher Scientific, SGS S.A., Shimadzu, Waters Corporation, Rapid Novor, Agilent Technologies, Charles River Laboratories and Selvita (Poland) among others.
About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
For exclusive content regarding the latest trends in the world of Press Release distribution.
