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Proteomics Market Trends, Price, Demand and Forecasts To 2024

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Proteomics has become a powerful tool for treating various diseases such as diabetes, fatty liver, obesity, and deadly cancers. It is difficult to cure these diseases as body responses vary from person to person
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Global Proteomics Market Size, Share, Strategies, Global
Insights, Analysis and Forecasts, 2016 To 2024
The global proteomics market is expected to reach over USD 24.8 billion by 2024 according to a new
report by Grand View Research, Inc. The introduction of technology-enabled proteomics products is one
of the high-impact rendering drivers for the proteomics market growth. These products find extensive
applications in drug discovery, diagnostic services, and many other research areas. The increasing
market penetration of these technologies, such as ESI-LC-MS (electrospray ionization liquid
chromatography mass spectrometry), is expected to serve as a driver of this market.
Proteomics has become a powerful tool for treating various diseases such as diabetes, fatty liver,
obesity, and deadly cancers. It is difficult to cure these diseases as body responses vary from person to
person; to overcome this problem, researcher from Ecole Polytechnique Federale de Lausanne and ETH
Zurich in Switzerland developed method to define metabolic differences between individuals. This is
expected to drive the demand for proteomics over the forecast period.
The presence of organizations such as the Human Proteome Organization promotes the development of
new techniques, technologies, and training pertaining to the field of proteomics. This is expected to
propel the market growth over the forecast period.
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Further key findings from the study suggest:
The reagents segment dominated the product segment in 2015 and is expected to witness a lucrative
growth with a CAGR of over 8.5%. Extensive usage of reagents for R&D activities and the introduction of
novel biomarker-specific kits, such as Pro2PSA biomarker for prostate cancer and CA27.29biomarkers
for breast cancer, are the factors responsible for its large market share.
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The instruments segment is anticipated to show a significant growth over the forecast period. The major
factor responsible for the growth is the rising demand for user-friendly, cost-effective, rapid, and
accurate devices
In 2014, the protein microarray segment occupied over45% of the market share of the proteomics
market, owing to the high usage rates of this technology. Microarray technology has the ability to track
the protein interactions and performs chromatography and 2-Delectrophoresis in a comparatively lesser
time.
The spectroscopy segment is one of the fastest growing segments of proteomics market. The
introduction of novel technologies such as Orbitrap Mass spectroscopy and the increasing demand for
rapid and accurate devices for complete analysis of proteins are the factors responsible for its fastest
growth.
North America held the largest share of over 40% in 2015. The presence of favorable government
initiatives and the growing adoption of personalized medicines are the key factors that can be attributed
to the major revenue share in the market.
Asia Pacific is expected to be the fastest growing with a share of over 12% in 2015.The growing
prevalence of chronic diseases in the developing countries is a key factor responsible for the fastest
growth in Asia Pacific.
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Table Of Content
Chapter 1.Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Proteomics Market - Industry Snapshot and Key Buying Criteria, 2015
Chapter 3. Proteomics Industry Outlook
3.1. Proteomics Market Segmentation
3.2. Proteomics Market Size and Growth Prospects
3.3. Proteomics Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Rise in geriatric population demanding personalized medicines
3.3.1.2. Growing demand for advanced diagnostics in targeted disease treatment
3.3.1.3. Growing prevalence of target diseases
3.3.1.4. Other drivers
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3.3.2. Market restraint analysis
3.3.2.1. Presence of ambiguous regulatory framework
3.3.2.2. High procedure costs
3.4. Key Opportunities Prioritized
3.5. Industry Analysis - Porter's
3.6. Proteomic Market PESTEL Analysis, 2015
3.7. Proteomics company market share analysis, 2015
Chapter 4. Proteomics Product Outlook
4.1. Proteomics Market Share by Product, 2015 & 2024
4.2. Instruments
4.2.1. Instruments market estimates, 2013 - 2015 (USD Million)
4.2.2. Instruments market forecasts, 2016 - 2024 (USD Million)
4.3. Reagents
4.3.1. Reagents market estimates, 2013 - 2015 (USD Million)
4.3.2. Reagents market forecasts, 2016 - 2024 (USD Million)
4.4. Services
4.4.1. Services market estimates, 2013 - 2015 (USD Million)
4.4.2. Services market forecasts, 2016 - 2024 (USD Million)
Chapter 5. Proteomics Application Outlook
5.1. Proteomics Market Share by Application, 2015 & 2024
5.2. Drug Discovery
5.2.1. Drug discovery market estimates, 2013 - 2015 (USD Million)
5.2.2. Drug discovery market forecasts, 2016 - 2024 (USD Million)
5.3. Clinical Diagnosis
5.3.1. Clinical diagnosis medicine market estimates, 2013 - 2015 (USD Million)
5.3.2. Clinical diagnosis medicine market forecasts, 2016 - 2024 (USD Million)
5.4. Others
5.4.1. Others market estimates, 2015 - 2024 (USD Million)
5.4.2. Others market forecasts, 2016 - 2024 (USD Million)
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