Proteomics Market worth $20,696.4 Million by 2018
DALLAS, March 31, 2014 /PRNewswire/ –
According to a new market research report “Proteomics Market by Technology (Protein
Microarray, Mass Spectrometry, NMR Spectroscopy, Chromatography, Electrophoresis, Surface
Plasmon Resonance, X-ray Crystallography) Instruments, Reagents & Services – Global
Forecast to 2018″, published by MarketsandMarkets, The market was valued at $10,223.0
Million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018.
Browse 138 market data tables, 49 figures spread through 415 pages and in-depth TOC on
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This report studies the global proteomics market, with forecasts to 2018.
The proteomics market has experienced significant growth in the past few years, mainly
due to the increasing need of proteomic outcomes in diagnosis, drug discovery, and various
applicable advancements in technologies needed to perform proteomic services. Factors that
are expected to propel the market growth include the increase in demand for personalized
medicine, growing research and development expenditure, technological advancements, and
increased funding for proteomics-based projects. However, factors such as the reduction in
funding owing to the sequestration cuts in the U.S., difficulties faced by proteomics
companies to gain regulatory approvals for biomarkers, high costs of proteomic tools, and
dearth of qualified researchers are restraining the growth of this market to a certain
The global proteomics market is segmented based on instrument technology type,
reagents, services, and by geographic regions and by country. The market was valued at
$10,223.0 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018.
North America accounted for a major share of around 40% of the global proteomics
market in 2013, closely followed by Europe. The growth in pharmaceutical and biotechnology
R&D expenditure; technological advancements such as high throughput, enhanced sensitivity,
and high resolution in proteomics; availability of government and private funding; and the
rising demand for proteomics technology in personalized medicine are the factors that are
responsible for the large market shares of these regions.
The major players in the global proteomics market are Thermo Fisher Scientific
Corporation (U.S.), Agilent Technologies (U.S.), Luminex Corporation (U.S.), Sigma-Aldrich
Corporation (U.S.), and Danaher Corporation (U.S.), among others.
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