The protein sequencing global market report 2024 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 Sequencing 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 sequencing market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.70 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to research demand, medical diagnostics, pharmaceutical development, agricultural applications, forensic analysis, biomarker discovery, and genetic evolution studies.
The protein sequencing market size is expected to see rapid growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to clinical genomics integration, expanded agricultural genomics, drug safety and pharmacogenomics, prenatal and newborn screening, and environmental DNA analysis. Major trends in the forecast period include growing demand for next-generation sequencing, increasing applications in clinical diagnostics, and rising investments in genomics research, expanding use in personalized medicine.
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Scope Of Protein Sequencing Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Protein Sequencing Market Overview
Market Drivers –
The rise in genetic illness is expected to propel the growth of the protein sequencing market going forward. A genetic illness refers to any disease or disorder that is caused by abnormalities or mutations in an individual’s genetic material, generally their DNA. The rise in genetic illness is caused due to genetic mutations that can occur spontaneously or be inherited from parents. Protein sequencing can help identify specific genetic variants responsible for causing diseases thereby helping identify protein biomarkers, which are molecules indicative of a particular disease state or physiological condition. For instance, in March 2024, according to the Gene People, a UK-based registered charity with a vision to improve the lives of individuals, in the UK, approximately 30,000 babies and children are newly diagnosed with genetic conditions annually, with over 2.4 million individuals, encompassing both children and adults, living with such conditions. Therefore, the rise in genetic illness is driving the growth of the protein sequencing market.
Market Trends –
Major companies operating in the protein sequencing market are developing advanced technology products that are upgraded, such as sequencing kits, to gain a competitive edge in the market. Sequencing kits are collections of reagents, chemicals, and materials required to prepare samples and conduct sequencing experiments. For instance, in February 2024, Quantum-Si, a US-based protein sequencing company, launched Protein Sequencing Kit V2, an enhancement for its Platinum protein sequencing platform. It offers increased sequencing performance with assay improvements, including the addition of a new amino acid recognizer, as well as the ability to identify unknown proteins through advanced analytical and inference tools. These upgrades provide increased sequencing performance, the ability to identify unknown proteins, high reproducibility, and a three-fold reduction in cost per amino acid.
The protein sequencing market covered in this report is segmented –
1) By Product And Service : Protein Sequencing Products, Protein Sequencing Services
2) By Application: Bio-Therapeutics, Genetic Engineering, Other Applications
3) By End User 3: Pharmaceutical And Biotechnology Companies, Other End-Users
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Regional Insights –
North America was the largest region in the protein sequencing market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the protein sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the protein sequencing market are F Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, Merck KGaA , Eurofins Scientific SE, Illumina Inc, Beckman Coulter Inc, PerkinElmer Inc, BGI Group, LGC Limited, GenScript Biotech Corporation, Oxford Nanopore Technologies Ltd, Pacific Biosciences of California Inc, Macrogen Inc, GENEWIZ Inc, Quintara Biosciences Inc, Source BioScience plc, Microsynth AG, Fasteris SA, GenHunter Corporation, Nucleics Pty Ltd, SciGenom Labs Pvt Ltd, StarSEQ GmbH, GATC Biotech AG, Agilent Technologies Inc, CeMIA SA
Table of Contents
1. Executive Summary
2. Protein Sequencing Market Report Structure
3. Protein Sequencing Market Trends And Strategies
4. Protein Sequencing Market – Macro Economic Scenario
5. Protein Sequencing Market Size And Growth
…..
27. Protein Sequencing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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