Global Proteomics Market was worth USD 12.54 billion in 2016 and is expected to reach USD 21.87 billion by 2021 with a CAGR of 11.7 %.
Proteomics is a study of proteomes. Proteome is defined as a group of proteins produced in any biological context.
Proteomics is used to investigate where and when the proteins are expressed, rate at which proteins are produced, degraded, and how proteins are modified. It is also used to find which proteins are the cause of cancer and various other biological problems.
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Increasing requirement for customized medicine, R&D use, technological advancements, and increased financing for proteomics ventures are some of the factors driving the market. However, decreasing funds in key markets, sequestration cuts in the U.S.
and decreased assets for proteomics research, high cost of instruments and hardware, and lack of talented scientists are some of the major factors restraining the market.
Proteomics Market is segmented on the basis of Instrument, Reagent & Service and Application. Based on Instrument, market is segmented into Protein Microarrays, Spectroscopy, X-ray crystallography, Chromatography, Electrophoresis, Surface Plasmon Resonance, and protein fractionation.
Based on Reagent, market is segmented into Protein Microarray Reagents, Spectroscopy Reagents, X-Ray Crystallography Reagents, Chromatography Reagents, Electrophoresis Reagents Immunoassay Reagents, and Protein Fractionation Reagent. Based on Service & Software, market is segmented into Analytical Laboratory Services, Data Analysis & Maintenance and Quantitation Services.
Based on Application, market is segmented into Clinical Diagnostics, Drug Discovery and other proteomic applications. Based on Protein Microarrays, market is further segmented into Biochips, and Microarray instruments.
Based on Spectroscopy, market is segmented into Mass Spectrometry, NMR Spectroscopy, and CD Spectroscopy. Based on Chromatography, market is further segmented into HPLC, ion Chromatography, Affinity Chromatography, and Supercritical Fluid Chromatography.
Based on electrophoresis, market is further segmented into gel electrophoresis, Capillary electrophoresis. Based on Analytical Laboratory Services, market is segmented into Protein Identification, Protein Separation and Protein Sequencing.
Based on Data Analysis & Maintenance, market is segmented into Bioinformatics Databases, Bioinformatics Tools. Based on Biochips, market is further segmented into Protein Chips, Lab-On-Chips (Microfluidics).
Based on Microarray Instruments, market is further segmented into Integrated Systems, Arrayers, and Microarray Scanners. Clinical Diagnostics segment accounted for largest share in 2015 owing to the increased understanding of structures of protein expression for drug development and diseases.
Drug discovery segment is expected to increase at the highest CAGR owing to continuous search for efficient ways to deliver enhanced drugs.
Based on Geography, this market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America Dominated the market owing to the availability of advanced research facilities.
Asia-Pacific is expected to increase at highest CAGR owing to the improving medical infrastructure, growing influence of key players and growing economies.
Some key players in this market are Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Luminex Corporation, Merck KGaA, PerkinElmer Inc., Thermo Fisher Scientific, Inc., and Waters Corporation.
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