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DUBLIN--(BUSINESS WIRE)--Sep 23, 2022--
The "Proteomics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Proteomics Market to Reach $43.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Proteomics estimated at US$30.2 Billion in the year 2022, is projected to reach a revised size of US$43.5 Billion by 2026, growing at a CAGR of 10.8% over the analysis period. Reagents, one of the segments analyzed in the report, is projected to grow at a 10.6% CAGR to reach US$34.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Instruments segment is readjusted to a revised 11.8% CAGR for the next 7-year period. This segment currently accounts for a 17.2% share of the global Proteomics market.
The U.S. Market is Estimated at $11.5 Billion in 2022, While China is Forecast to Reach $3.9 Billion by 2026
The Proteomics market in the U.S. is estimated at US$11.5 Billion in the year 2022. The country currently accounts for a 37.7% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$3.9 Billion in the year 2026 trailing a CAGR of 13.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR while Rest of European market (as defined in the study) will reach US$4.3 Billion by the close of the analysis period.
Major driving factors of growth in the market include growing demand for personalized medicine, growing applications of proteomics in drug discovery, rise in demand for early diagnosis and treatment of diseases, technical advancements, rise in birth disorders and genetic disorders and the rapidly growing pharmaceutical and biopharmaceutical markets.
Other factors supporting growth include development of protein targeted treatments and precision molecular medicines for many autoimmune diseases, development of mass spectrometry-based proteomics, and development of molecular targets in malignancies.
Select Competitors (Total 178 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ntr60i
View source version on businesswire.com:https://www.businesswire.com/news/home/20220923005262/en/
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KEYWORD:
INDUSTRY KEYWORD: PHARMACEUTICAL HEALTH ONCOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/23/2022 07:45 AM/DISC: 09/23/2022 07:47 AM
http://www.businesswire.com/news/home/20220923005262/en