Proteomics Market Trends, Price, Demand and Forecasts to 2024
- Submitted by: Hexareports
- Views: 91
- Category: Other
- Date Submitted: 09/25/2016 11:29 PM
- Pages: 4
- Report this Essay
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.
Browse Detail Report With TOC@ http://www.hexareports.com/report/proteomics-market/details
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.
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...
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.
Browse Detail Report With TOC@ http://www.hexareports.com/report/proteomics-market/details
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.
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...