The global protein characterization and identification market size were worth around $ 13.99 billion in 2022 and is predicted to grow to around $ 31.47 billion by 2030 with a compound annual growth rate (CAGR) of roughly 10.70% between 2023 and 2030.
The report analyzes the global protein characterization and identification of market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the protein characterization and identification industry.
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Market Overview for Protein Characterization and Identification
Finding a protein’s chemical, physical, and biological properties is the process of protein characterization. The process of protein identification involves using mass spectrometry to analyze cellular and biological materials in order to determine their protein compositions. Using information about the molecular weight and charge of proteins, one may analyze their existence through protein characterization and identification. Protein identification and characterisation are heavily used in drug discovery and development, agricultural and ecological studies, and medical diagnosis. The research process is applied in a variety of end-use sectors, including contract research firms, academic research institutes, pharmaceutical companies, and biotechnology.
• Our research analyst’s analysis indicates that over the course of the forecast period (2023–2030), the global market for protein characterisation and identification is expected to increase at a compound annual growth rate (CAGR) of about 10.70%.
• The global market for protein characterization and identification was estimated to be worth approximately $13.99 billion in 2022 and is anticipated to grow to $31.47 billion by 2030 in terms of revenue.
• Over the course of the projection period, the expansion of the protein characterisation and identification market is driven by the increased investments made by pharmaceutical and biotechnology businesses, particularly in emerging nations, in research and development.
➤ Global market expansion is anticipated to be aided by growing investments made by pharmaceutical and biotechnology businesses in their R&D
The market for protein identification and characterisation has proven helpful in the creation of significant pharmaceuticals. A unique step in the development of biological and pharmaceutical goods is protein analysis, which is used to identify promising candidates. Furthermore, the acceptance of recently created pharmacological therapy has increased the incentive to find novel and advanced medications. Additionally, the top biopharmaceutical research firms in the US are represented by the Pharmaceutical Research and Manufacturers of America (PhRMA) association. Governments are increasing funding to support research in the field of bioinformatics.
➤ The instrument’s high cost may prevent the global industry from expanding
Advanced and expensive equipment is essential to many contemporary protein characterization and identification methods, such as mass spectrometry, nuclear magnetic resonance (NMR) spectroscopy, cryo-electron microscopy, and X-ray crystallography. Due to their typical high costs of installation, purchase, and upkeep, many equipment are out of reach for smaller laboratories or research facilities with tighter budgets. Furthermore, those devices require substantial financial resources for initial funding, calibration, and improvements in addition to ongoing upkeep. High-budget research institutes may find the costs especially burdensome, which could make it more difficult for them to implement the newest innovations and maintain their competitive edge.
➤ Growing uses of proteomics in food science and agriculture will probably create new growth prospects for the global industry
Leveraging the promise of proteomics to improve nutritional quality, crop production, and food safety, the protein characterization and identification sector has an exciting opportunity to extend its reach into the domains of agriculture and food science. Large-scale protein research known as proteomics offers important new understandings of the intricate biological mechanisms governing plant development, stress reactions, and interactions with the environment. Understanding a crop’s proteome makes it easier to create genetically modified cultivars with desired characteristics like tolerance to disease, drought, and improved nutritional content. Through the identification of crucial proteins and signaling pathways linked to these characteristics, scientists can either selectively breed crops or genetically alter particular genes to enhance agricultural performance.
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➤ A major obstacle to the global industry’s expansion may be a shortage of qualified personnel
The primary obstacle that the industry participants confront is the lack of qualified personnel for the characterisation and identification of proteins. Preparing the sample is a crucial step in separating the target analyte and assisting in removing any involvement that might have an impact on the outcome. Inadequate understanding of appropriate technology selection and sample preparation also impacts outcomes and adds to direct and indirect expenses for the end user. Thus, these variables are having an impact on the market’s overall growth for protein characterization and identification.
The Global Protein Characterization and Identification Market is segmented based on product, application and region
Global Protein Characterization and Identification Market: Product Segment Analysis
Global Protein Characterization and Identification Market: Application Segment Analysis
● Clinical Diagnosis
● Drug Discovery
● Other Applications
The global protein characterization and identification market is dominated by players like:
● Promega Corporation Merck KGAA
● Sartorius AG
● Shimadzu Corporation
● Thermo Fisher Scientific
● Agilent Technologies
● Analytik Jena
● Bio-Rad Laboratories
● Bruker Corporation
● Cleaver Scientific
● Danaher Corporation
● Eurofins Scientific
● Waters Corporation
➤ Over the years 2023–2030, North America will solidify its dominance in the worldwide market
With a projected share of almost 35% in 2022, North America is the largest market for protein characterization and identification. The primary factors propelling the growth of the protein characterisation and identification sector in the region are the existence of prominent players, the availability of government financing for innovative technologies, and the rise in R&D expenditures in proteomics. For example, in August 2021, Agilent and Metrohm USA and Canada, two producers of high-precision equipment, entered into a collaboration arrangement to be resolders of Agilent’s range of goods and services.
With a projected 25% market share in 2022, Europe is the second-largest market for protein characterization and identification. Due to the existence of numerous top proteomics businesses and the growing government funding for proteome research, the market in this area is expected to develop.
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