According to Arizton’s latest research report, the global proteomics market is growing at a CAGR of 12.94% during 2023-2029.
Looking for More Information? Click: https://www.arizton.com/market-reports/proteomics-market
Report Scope:
Market Size (2029): $67.22 Billion
Market Size (2023): $32.39 Billion
CAGR (2023-2029): 12.94%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product, Applications, End-Users, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, And Middle East & Africa
Personalized Medicine: Shaping the Future of Healthcare with Proteomics
Personalized medicine, or precision medicine, tailors treatments to an individual’s unique molecular profile, genetics, lifestyle, and environment, offering more effective and cost-efficient healthcare solutions. Proteomics, the study of proteins, plays a crucial role in this approach by helping identify biomarkers and develop new drugs. The US FDA recognizes proteomics as essential for personalized medicine, with 95% of FDA-approved drugs targeting proteins and most diagnostic tests relying on protein analysis. The number of personalized medicines on the market has doubled from 132 in 2019 to over 280 in 2021. Notable examples include Genentech’s T-Dxd drug for HER2-positive breast cancer and Quanterix’s CardioMetRx test for heart failure. Collaborations like Azenta, Inc.’s partnership with FinnGen in 2024, further emphasize the growing importance of proteomics in personalized medicine. This expanding focus on proteomics is driving significant market growth and the demand for more tailored healthcare solutions.
North America’s Dominance in the Global Proteomics Market
In 2023, North America held the largest market share of over 33% in the global proteomics market, with the US contributing 93% and Canada 7%. The region is expected to grow at a healthy CAGR of 12.51% during the forecast period. This growth is driven by the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, diabetes, and genetic disorders, which fuel the demand for personalized medicine. With 2.1 million cancer patients, 40 million people living with diabetes, and 22 million CVD cases, there is significant demand for personalized treatments, early diagnosis, and R&D in proteomics.
The US, in particular, has seen significant advancements in personalized medicine, driven by high healthcare expenditure, easy access to treatments, and increasing demand for proteomics in drug development. The region’s biotech and pharmaceutical sectors, with their growing focus on biomarker discovery, are also creating a strong demand for proteomics services. This trend is expected to continue, making drug discovery and personalized medicine key drivers of proteomics growth in North America.
Competitive Landscape of the Global Proteomics Market
The global proteomics market is highly competitive, with several leading players dominating the industry, alongside emerging companies challenging large and medium-sized market leaders. Agilent Technologies, Bio-Rad Laboratories, Thermo Fisher Scientific, and BGI Genomics are some of the key players, collectively holding a significant share of the market. These companies continually expand their proteomics solutions and services to meet client needs and comply with international regulations while improving product efficiency and strengthening their market presence.
Key strategies such as partnerships and collaborations have intensified market competition, allowing major players to expand their capabilities and increase revenue shares. Rapidly growing vendors like Danaher and PerkinElmer are also making notable strides, thanks to their global reach, diversified portfolios, and strong focus on innovation and research. These factors contribute to their growing influence in the market, shaping the future of proteomics.
Vendors’ Recent Activities & Developments
Explore More: https://www.arizton.com/market-reports/proteomics-market
Vendors List
Segmentation & Forecast
Product
Applications
End-users
Geography
Europe
APAC
Latin America
Middle East & Africa
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the proteomics market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/proteomics-market
What Key Findings Our Research Analysis Reveals?
How big is the global proteomics market?
What are the factors driving the global proteomics market growth?
What is the growth rate of the global proteomics market?
Who are the major players in the global proteomics market?
Which region will have the highest growth in the global proteomics market?
Looking for Customization According to Your Business Requirement? https://www.arizton.com/customize-report/4644
Other Related Reports that Might be of Your Business Requirement
3d Cell Culture Market – Global Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/3d-cell-culture-market
Europe Cell And Gene Therapy Market – Focused Insights 2024-2029
https://www.arizton.com/market-reports/europe-cell-gene-therapy-market-size-analysis
Why Arizton?
100% Customer Satisfaction
24×7 availability – we are always there when you need us
200+ Fortune 500 Companies trust Arizton’s report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
Post-Purchase Benefit
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media ContactCompany Name: Arizton Advisory & Intelligence Contact Person: JessicaEmail: Send EmailPhone: +1 3122332770Country: United StatesWebsite: https://www.arizton.com/market-reports/proteomics-market
