Global Protein Characterization & Identification Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

• Vikas Kumar
• January 4, 2022
• HEALTHCARE, NEWS
• Protein Characterization & Identification Market growth, Protein Characterization & Identification Market news, Protein Characterization & Identification Market Share, Protein Characterization & Identification Market Size, Protein Characterization & Identification Market trend
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Global protein characterization & identification market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 12% during the forecast period (2021-2027). Protein characterization and identification is the method for analyzing the contents of protein on the basis of their molecular weight and charge. It is the basic research process that is commonly used in various clinical diagnosis procedures, environmental research, and drug discovery and development.  

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The growth of the protein characterization and identification market across the world can be attributed to the increase in foreign direct investment (FDI) in the drugs & pharmaceutical sector. For instance, As of December 2020, the drugs and pharmaceuticals sector in India saw a foreign direct investment equity inflow worth nearly 1.3 billion U.S. dollars for the financial year 2021, up from USD 266 million in 2019. Owing to these investments, more and more biotechnology and pharmaceutical companies are investing in R&D to discover new and potential drugs augmenting the protein characterization and identification market all over the world.

Furthermore, the growing acceptance of personalized medicine and availability of funds for innovative & advanced technologies is also promulgating the market of protein characterization and identification. For instance, in the United States, the number of personalized medicines available in 2020 was 286, up from 132 in 2016.

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Based on product & services, the market is segmented into consumables, instruments, and services. The consumables segment grabbed an XX% share of the global protein characterization and identification market and will witness a considerable CAGR of XX% during the forecast period (2021-2027F). The growth of this segment is attributed to the increase in research for the discovery of novel drugs and thus, the requirement of the repeat purchase of a wide range of reagents and other consumables.

Based on the application, the global protein characterization and identification market is segmented into drug discovery & development, clinical diagnosis, and other applications. The drug discovery & development segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the rise in R&D expenditure and increase in the number of clinical trials for developing advanced therapeutics.

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Additionally, the report provides detailed report also provides insights into the global protein characterization and identification market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.

Merck KGaA, Thermo Fisher Scientific, Inc., Danaher Corporation, Sartorius AG, Agilent Technologies, Waters Corporation, QIAGEN N.V., Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Promega Corporation are some of the key players operating in the global protein characterization and identification market. Several M&As along with partnerships have been undertaken by these players to develop various protein characterization and identification products.

Global Protein Characterization & Identification Market Segmentation

Market Insight, by Product & Services

• Consumables
• Instruments
• Services

Market Insight, by Application

• Drug Discovery & Development
• Clinical Diagnosis
• Other Applications

Market Insight, by End-User

• Pharmaceutical & Biotechnology Companies
• Academic Research Institutions
• Contract Research Organizations
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Danaher Corporation
• Agilent Technologies
• Waters Corporation
• Sartorius AG
• QIAGEN N.V.
• Bio-Rad Laboratories, Inc.
• PerkinElmer, Inc.
• Promega Corporation