Global Proteomics Market Growth, Scope, Size, Opportunity Analysis and Forecast Till 2027

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Proteomics Market
Proteomics Market

Proteomics is a rapidly growing field in the life sciences industry, and it refers to the study of the complete set of proteins that are present in a cell, tissue, or organism. The Proteomics Market is expanding at a significant rate due to the rising demand for personalized medicine, the increasing use of proteomics in drug discovery, and the growth in funding for proteomics research.

Global Proteomics Market: Growth

The market for proteomics is expected to grow at a significant rate during the forecast period, owing to the following factors:

Rising demand for personalized medicine: Personalized medicine involves the customization of medical treatment based on the patient's genetic makeup and other individual characteristics. Proteomics can play a significant role in personalized medicine, as it can help identify biomarkers for disease diagnosis, assess the efficacy of drugs, and predict a patient's response to treatment.

During the course of the forecast period, it is anticipated that rising cancer rates will fuel the expansion of the global Spatial Omics Market. Special omics combines geographical data on the location of the cells inside the tissue with molecular analyses. As a result, this technology offers a potent tool for comprehending crucial phenomena like tissue organisation or cell control.

Increasing use of proteomics in drug discovery: Proteomics can help identify potential drug targets, assess the efficacy of drugs, and predict the toxicity of drugs, thereby reducing the time and cost of drug development. As a result, pharmaceutical and biotechnology companies are increasingly using proteomics in drug discovery.

Growth in funding for proteomics research: The government and private organizations are providing significant funding for proteomics research, which is driving the growth of the market. For instance, in 2020, the European Commission announced a funding of EUR 82 million for the development of proteomics research.

Global Proteomics Market: Size

The global Proteomics Market was valued at USD 16.8 billion in 2021 and is expected to reach USD 32.6 billion by 2027, growing at a CAGR of 11.1% during the forecast period.

The growth in the market is attributed to the rising demand for personalized medicine, the increasing use of proteomics in drug discovery, and the growth in funding for proteomics research.

North America dominates the Proteomics Market, owing to the presence of a large number of pharmaceutical and biotechnology companies, academic and research institutes, and the growing demand for personalized medicine. Europe is the second-largest market, owing to the growth in funding for proteomics research and the increasing use of proteomics in drug discovery.

The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the growth in funding for proteomics research, the increasing focus of pharmaceutical and biotechnology companies on the Asia-Pacific region, and the growing demand for personalized medicine.

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