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Expression Proteomics Market Size, Growth, Trends and 2024 Forecast Report
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The need for identifying posttranslational modifications to understand protein functions to find drug targets and diagnostic markers has fuelled developments in expression proteomics. The crucial factors driving the evolution of the expression proteomics market are the large-scale accumulation of DNA and protein sequence databases, advancement in mass spectrometry, and wide use of various computer algorithms in database searching.
The demand for personalized therapies has fuelled the demand for the analysis of target proteins. The emergence of functional proteomics to provide information about protein signaling mechanisms and protein-drug interactions is gaining popularity. Coupled with this, advances in mass spectrometry and large-scale nucleotide sequencing of genomic DNA have greatly helped in the evolution of the market.
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The report provides detailed analysis of the current market status, emerging trends, technological advancements, and revenue share of key product segments. The study highlights the key business practices adopted by players to consolidate their shares. The research analysis provides in-depth insights into the factors affecting the demand for leading segments in major regions such as North America, Asia Pacific, and Europe. Prominent developments such as delivery of personalized medicines expected to shape up the competitive landscape are carefully evaluated. The changes in regulatory landscape expected to affect the demand for expression proteomics in emerging markets are assessed in detail.
Global Expression Proteomics Market: Trends and Opportunities
The global market for expression proteomics is poised to grow at a steady pace along the forecast period. The market is primarily driven by the extensive researches in the pharmaceutical and biotechnology related to posttranslational modifications of proteins. Increased demand for personalized medicine, technological advancement in spectrometer technology, and rising applications of proteomics in targeted drug discovery are crucial factors propelling the growth of the expression proteomics market.
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Prokaryotic expression in proteomics is a key segment. The remarkable growth in the segment is driven by the use of Escherichia Coli (E.Coli) as the mostly preferred used host cell since it is easily available. In addition, the protein expression using E.Coli is inexpensive. Among products, reagents contributes the maximum revenue and is driven by the demand of high-performing microarray reagents, immunoassays, and spectroscopy reagents. These reagents find extensive applications for a large number of transfections and maintenance of cell lines.
However, the high cost of tools used in proteomics researches, prolonged regulatory approvals in developed nations, and limited technical expertise are the factors likely to hinder the growth of the market. On the other hand, advances in nanotechnology, a large untapped market in emerging nations, and the demand for biomarker identification in disease diagnosis are expected to unlock lucrative avenues for market players.
Global Expression Proteomics Market: Regional Outlook
Currently, North America dominates the global expression proteomics market and is followed by Europe. The key factors propelling the expression proteomics market in these regions are continuous technological advancements in spectrometer and increased demand for the use of expression proteomics in developing personalized therapies. The Asia Pacific expression proteomics market is expected to witness impressive growth along the forecast period. The growth in the regional market is attributed to increasing government support and substantial private funding toward research and development in major countries such as India, Australia, Japan, and China.
Global Expression Proteomics Market: Competitive Landscape
Large market players are making substantial investment in large-scale accumulation of DNA and protein sequence databases while small players with constrained budget are partnering contract research organizations to launch new products. Major companies operating in this market include ActivX Biosciences, Inc., Life Technologies Corporation, Agilent Technologies, Inc., New England Biolabs, Inc., Takara Bio, Inc., QIAGEN, Bio-Rad Laboratories, Merck Millipore, Tyrian Diagnostics, Ltd., Hybrigenics SA, Promega Corporation, Luminex Corporation, Danaher Corporation, Sigma-Aldrich Corporation, and Thermo Fischer Scientific, Inc.
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