The protein sequencing market is estimated to be valued at US$ 1.9 Bn in 2022 and is predicted to exhibit a CAGR of 11.2% over the forecast interval 2023-2030, as highlighted in a brand new report printed by Coherent Market Insights.
The protein sequencing market consists of applied sciences and consumables used for figuring out the amino acid sequence of proteins. Protein sequencing finds widespread utility in proteomics analysis, biotherapeutics improvement and medical diagnostics. Advances in mass spectrometry platforms have accelerated protein sequencing workflows, enabling identification and characterization of 1000’s of proteins in a single experiment.
Rising authorities funding for proteomics and biomarker analysis worldwide represents a key issue driving the protein sequencing market. Many private and non-private funding companies are supporting the event of superior instruments and applied sciences for large-scale protein evaluation. As an example, the Nationwide Institutes of Well being allotted over US$ 650 million for the Human Proteome Challenge in 2022. As well as, rising demand for personalised medicines has boosted pharmaceutical R&D funding in goal identification and validation utilizing protein sequencing strategies. Applied sciences equivalent to mass spectrometry allow analysis of protein expression adjustments related to illness pathogenesis, fuelling their incorporation in preclinical drug discovery.
Market Key Traits:
Protein sequencing market is witnessing rising adoption of next-generation sequencing know-how. NGS offers high-throughput capabilities for sequencing proteins at a a lot sooner charge and decrease value as in comparison with typical Sanger sequencing. Sanger sequencing faces limitations equivalent to requirement of prior information of sequence and excessive prices. The introduction of NGS platforms equivalent to Illumina sequencing and Ion Torrent has considerably elevated the sequencing output and diminished the time and bills concerned in protein sequencing. Moreover, rising purposes of protein sequencing in areas equivalent to proteomics, drug discovery, immunology and most cancers analysis is driving the adoption of superior protein sequencing strategies.
Strengths: Subsequent technology sequencing know-how offers high-throughput capabilities and lowers the price of protein sequencing.
Weaknesses: Requirement of huge capital funding and superior knowledge analytics expertise for NGS-based protein sequencing.
Alternatives: Rising purposes in proteomics, drug discovery, most cancers analysis and immunology are increasing the scope of protein sequencing.
Threats: Excessive dangers of misinterpretation of huge genomic and proteomic knowledge generated by NGS with out complete bioinformatics evaluation.
World Protein Sequencing Market Measurement is predicted to witness excessive development, exhibiting CAGR of 11.2% over the forecast interval, as a result of rising demand for superior protein evaluation in proteomics and drug discovery analysis.
Regional evaluation: North America dominates the worldwide protein sequencing market led by presence of main gamers and rising proteomics analysis within the area. The Asia Pacific area additionally gives profitable alternatives for market growth over the approaching years supported by rising investments in healthcare sector of growing nations like India and China.
Key gamers: Key gamers working within the protein sequencing market are Agilent Applied sciences, Thermo Fisher Scientific, SGS S.A., Shimadzu Corp, Waters Corp., Bio-Rad Laboratories, Bruker Company, Charles River Laboratories, Selvita, Speedy Novor Inc. These firms are specializing in launching progressive sequencing devices and providers to broaden their market share.