Protein sequencing plays a crucial role in determining protein structures and functions. Protein sequencing technologies help in identifying the amino acid sequence present in a given protein sample. Advancements in genome technologies have expanded the capabilities of protein sequencing techniques which are now used to analyze protein structures across various disease conditions. Protein sequencing finds wide applications in developing customized drugs, diagnostic assays, and personalized medicine approaches. Mass spectrometry and Edman degradation are some commonly used protein sequencing methods which provide fast and accurate analysis of large protein samples.
The global Protein Sequencing Market is estimated to be valued at US$ 1.9 Bn in 2023 and is expected to exhibit a CAGR of 30% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Advancements in mass spectrometry technologies is a key trend propelling the protein sequencing market growth. Mass spectrometers equipped with high-resolution capabilities help analyze complex protein samples with greater accuracy. Technologies such as protein sequencing based on top-down mass spectrometry enable rapid sequencing of intact proteins and identification of post translational modifications (PTMs). Top-down mass spectrometry eliminates the need for protein digestion prior to analysis and provides comprehensive sequence coverage data. Growing adoption of top-down mass spectrometry approaches is expected to support protein sequencing market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the protein sequencing market is moderate. High capital investments and technological expertise serves as a entry barrier for new players.
Bargaining power of buyers: The bargaining power of buyers is low to moderate as there are no substitute products for protein sequencing.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many equipment manufacturers and raw material suppliers in the market.
Threat of new substitutes: The threat of new substitutes in the protein sequencing market is low as protein sequencing has applications across various industries.
Competitive rivalry: The competitive rivalry in the protein sequencing market is high due to presence of large international players.
Key Takeaways
The Global Protein Sequencing Market Demand is expected to witness high growth. The market is anticipated to reach a value of US$ 1.9 Bn by 2024, expanding at a CAGR of 30%.
Regional analysis: North America is expected to account for over 40% of the global protein sequencing market share by 2024. Increasing R&D investments for proteomics research by both government as well as private organizations in the US and Canada is driving the North America protein sequencing market.
Key players operating in the protein sequencing market are Stratasys Ltd., 3D Systems Corporation, HP Inc., General Electric Company, Materialise NV, Proto Labs Inc., Voxeljet AG, ExOne Company, Autodesk Inc., Siemens AG, EOS GmbH, Renishaw plc, SLM Solutions Group AG, Carbon Inc., Desktop Metal Inc. Stratasys Ltd. and 3D Systems Corporation held around 45-50% of the market share in 2021.
For more details on the report, Read- https://www.insightprobing.com/protein-sequencing-market-growth-demand-and-overview/
The Protein Sequencing Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the protein sequencing market include Agilent Technologies, Inc., Bioinformatics Solutions, Charles River Laboratories, Proteome Factory, Rapid Novor Inc., Selvita, SGS, Shimadzu Corporation, Thermo Fisher Scientific Inc. and Waters.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Protein Sequencing Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/protein-sequencing-market/download-sampleMarket DynamicsThe market is growing at a remarkable pace on account of increasing interest for development of target-based drugs.
The advent of technologies for de novo protein sequencing, advancement in technologies & rising spending by government to promote the research activities are some of the prominent factors fueling the market growth.
However, high cost of infrastructure & equipment is likely to curb the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Market Highlights:The global protein sequencing market held a market value of USD 892.5 million in 2017 and is projected to register a CAGR of 3.6% over the forecast period.
Protein sequencing is mainly used to separate peptides and detect the amount and composition of amino acid residues.
The factors such as growing focus on target-based drug development by biotechnology and pharmaceutical companies, growing financial support by the public and private sector for proteomic research, and advancements in clinical mass spectrometry and analytical techniques are anticipated to boost the growth of the market during the forecast period.
Despite the drivers, the high cost associated with infrastructure and instruments may hinder the market growth over the forecast period.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/6828Regional Analysis:On a regional basis, the Americas is anticipated to dominate the global protein sequencing market owing to the rising application of protein sequencing in proteomic research, the development of protein sequencing, and the availability of research funding in the region.
Europe is anticipated to hold the second largest position in the global protein sequencing market.
The market growth in this region is attributed to the increasing proteomics research and the availability of funding and infrastructure for research.
Global Protein Sequencing Market Research By Products and Services (Reagents and Consumables, Instruments, Others), by Technology (Mass Spectrometry, Others), by Application (Biotherapeutics, Genetic Engineering, Others), by End User—Forecast till 2027Market ScenarioMarket Research Future (MRFR) proclaims that the global protein sequencing market is likely to expand at a CAGR of 3.6% during the forecast period (2018-2023).
The surging focus on target-based drug development by the biotechnological companies is likely to contribute to the market growth.
Experimental methods and computational methods like Mass Spectrometry and Edman degradation are used for protein sequencing.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6828 Market Potential and PitfallsThe global protein sequencing market is witnessing a sturdy growth rate owing to the surging focus on target-based drug development by the pharmaceutical and biotechnological companies, advancements made in the clinical mass spectrometry and analytical techniques, and rising financial support by the private and public sector for proteomic research.
For instance, the National Cancer Institute Office of Cancer Clinical Proteomics Research offers funding opportunities for proteomics research.Recent advancements made in the analytical methods and novo peptide-sequencing methods with the application of neural networks have created new opportunities for the market to expand.
The surging funding on proteomics research in several developed and developing economies is likely to contribute to market growth.
Moreover, the increased demand for protein biomarkers in the process of drug development is fueling its demand across the globe.
