The global protein characterization and identification market size was US$ 12.42 billion in 2021. The global protein characterization and identification market size is forecast to reach US$ 40.35 billion by 2030, growing at a compound annual growth rate (CAGR) of 14% during the forecast period from 2022 to 2030.
A protein is a vital component of human life. Thus, it is an important subject of study and research. In basic research, protein characterization and identification involve analyzing a protein's molecular weight and charge to identify its contents. It is important to characterize and identify proteins for clinical diagnosis, agricultural and environmental research, and drug discovery and development.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic has affected the health care industry and has reshaped health care practices. Pharma companies and biotechnology companies have increased their focus on research and development to identify potential drugs and diagnostic tests for SARS-COV-2. In addition, there has been a substantial increase in funding from the government and private entities in order to carry out R&D for SARS-COV-2, leading to an increased demand for protein characterization and identification, which boosted the market growth.
Regional Insights
North America accounted for the largest revenue share in 2021 in the protein characterization and identification market. There are many factors driving protein characterization and identification market growth in the region, including the presence of prominent players, government support for breakthrough technologies, and an increase in R&D expenditures on proteomics research.
The Asia Pacific is forecast to grow at a high rate in the global protein characterization and identification market during the forecast period. Several factors contribute to the region's growth, including the increasing incidence of chronic diseases, global growth by major protein characterization and identification industry players, and a rise in market demand for high-quality analytical equipment for protein analysis. Furthermore, chronic diseases like diabetes, hypertension, and cardiovascular disease (CVD), among others, will drive protein characterization and identification industry growth over the projection period.
Leading Competitors
The leading prominent companies profiled in the global protein characterization and identification market are:
Scope of the Report
The global protein characterization and identification market segmentation focuses on Product & Services, Application, End-Use, and Region.
Segmentation based on Product & Services
Segmentation based on Application
Segmentation based on End-Use
Segmentation based on Region
