The global protein characterization and identification market is projected to reach $30.3 billion by 2028, at a CAGR of 13.4% during 2023-2028. The growth of protein characterization and identification market is driven by increasing acceptance of precision medicine, growing drug research and development activities, and supportive government funds for proteomics research.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the protein characterization and identification market by product & service (consumables, instruments, and services), application (drug discovery & development, clinical diagnosis, and others), end use industry (pharmaceutical & biotechnology companies, academic research institutions, contract research organizations, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the protein characterization and identification market?
Q.4 What are some changing demands of customers in the protein characterization and identification market?
Q.5 What are the new developments in the protein characterization and identification market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this protein characterization and identification area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this protein characterization and identification market?
Based on product and service, the protein characterization and identification market is segmented into consumables, instruments, and services. The consumables segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing need for quick, accurate, and reliable detection of diseases.
North America will remain the largest region due to increasing government spending for the development of healthcare technology and growing need for superior analytical techniques for protein analysis in the region.
Key Players in the protein characterization and identification market are Thermo Fisher, Danaher, Merck, Agilent, and Waters.
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