The protein chip from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Protein Chip Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The protein chip market size has grown strongly in recent years. It will grow from $1.50 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the rise in proteomics research, increasing cancer incidence rates, technological innovations, expanding applications in clinical diagnostics, increasing focus on biomarker discovery, and growing demand for high-throughput protein analysis.
The protein chip market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising demand for personalized medicine, next-generation protein chip technologies, integration with omics technologies, adoption in emerging markets, and a shift towards digital health and wearable devices. Major trends in the forecast period include miniaturization and multiplexing, integration with artificial intelligence (AI) and machine learning, point-of-care testing (POCT) applications, expansion into new disease areas, and customization and personalization.
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Scope Of Protein Chip Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Protein Chip Market Overview
Market Drivers -
The growing demand for personalized medicine is expected to propel the growth of the protein chip market. Personalized medicine refers to a medical care philosophy that aims to tailor medicines and interventions to the particular requirements of each patient. Personalized medicine has emerged due to the rapid growth of 'omics' technology, data integration, genetics, and an awareness of the significance of tailored patient-specific medications and preventive actions. Protein chips offer a powerful platform for advancing personalized medicine by enabling comprehensive proteomic analysis, facilitating biomarker discovery, improving drug development and response understanding, and supporting the creation of personalized therapeutic strategies. For instance, in October 2022, according to the Personalized Medicine Coalition’s latest estimates, more than 75,000 genetic testing products and 300 personalized medicines are on the market for people with multiple types of cancer, genetically rare diseases, and a range of chronic and infectious diseases. Furthermore, in 2022, according to the Personalized Medicine Coalition, a US-based professional membership organization, 12 new customized medications were approved, accounting for around 34% of all newly approved treatments, a significant increase over prior years. Therefore, the growing demand for personalized medicine drives the growth of the protein chip market.
Market Trends -
Major companies operating in the protein chip market are developing innovative products, such as automated parallel capillary electrophoresis systems, to strengthen their position in the market. Automated parallel capillary electrophoresis systems are advanced analytical instruments for high-throughput separation and analysis of biomolecules, particularly proteins and nucleic acids. For instance, in January 2024, Agilent Technologies Inc., a US-based manufacturer of advanced analytical, research, and diagnostic tools for laboratories, launched the new ProteoAnalyzer system, a new automated parallel capillary electrophoresis device for protein analysis. Its unique features include cutting-edge algorithms for precise protein identification and characterization, enabling researchers to delve deeper into complex biological systems with unprecedented accuracy and efficiency. The system boasts enhanced data visualization tools, facilitating the intuitive interpretation of results and accelerating insights into cellular processes. It also offers seamless integration with existing workflows, ensuring smooth adoption and maximizing productivity in proteomics laboratories.
The protein chip market covered in this report is segmented –
1) By Product: Lab-On-Chip, Integrated System, Arrayers, Microarrays System
2) By Technology: Analytical Microarrays, Functional Protein Microarrays, Reverse Phase Protein Microarrays
3) By Application: Diagnostics, Proteomics, Antibody Characterization
4) By End User: Hospitals And Clinics, Academic And Research Institutes, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies
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Regional Insights -
North America was the largest region in the global protein chip market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the protein chip market are Thermo Fisher Scientific Inc., GE Healthcare LLC, Roche Diagnostics GmbH, Agilent Technologies Inc., Illumina Inc., Sigma-Aldrich Corporation (Merck), PerkinElmer Inc., Shimadzu Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Surmodics Inc., Quotient Limited, OriGene Technologies Inc., RayBiotch Inc., Sengenics Corporation Pte Ltd., Gyros Protein Technologies AB, Innova Biosciences Limited, Innopsys S.A., CDI Laboratories Inc., Microarrays Inc., Full Moon BioSystems Inc., Arrayit Corporation, Biotech Support Group LLC
Table of Contents
1. Executive Summary
2. Protein Chip Market Characteristics
3. Protein Chip Market Trends And Strategies
4. Protein Chip Market - Macro Economic Scenario
5. Global Protein Chip Market Size and Growth
...
32. Global Protein Chip Market Competitive Benchmarking
33. Global Protein Chip Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Protein Chip Market
35. Protein Chip Market Future Outlook and Potential Analysis
36. Appendix
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