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Market Highlights:
The global Protein Sequencing Market held a market value of
USD 892.5 million in 2017 and is projected to register a CAGR of 3.6% over the
forecast period. Protein sequencing is mainly used to separate peptides and
detect the amount and composition of amino acid residues. The factors such as
growing focus on target-based drug development by biotechnology and
pharmaceutical companies, growing financial support by the public and private
sector for proteomic research, and advancements in clinical mass spectrometry
and analytical techniques are anticipated to boost the growth of the market
during the forecast period. For instance, in 2015, the National Cancer
Institute offered grants for the Clinical Proteomic Tumor Analysis Consortium
(CPTAC) program. Despite the drivers, the high cost associated with
infrastructure and instruments may hinder the protein
Sequencing market growth over the forecast period.
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Key Players:
Some of the prominent players in the global protein
sequencing market are Proteome Factory, Bioinformatics Solutions, Charles River
Laboratories, Agilent Technologies, Inc., Rapid Novor Inc., Selvita, SGS,
Shimadzu Corporation, Thermo Fisher Scientific Inc., and Waters Corporation.
Segmentation:
The global protein sequencing market has been segmented into
products and services, technology, application, and end user.
By products and services, the market has been segmented into
reagent and consumables, instruments, analysis products/software, and protein
sequencing services. The instrument segment has been further segmented into
mass spectrometry instruments and Edman degradation sequencers. The reagents
and consumables segment accounted for the largest share of the protein
sequencing products market in 2017. The factors such as ongoing advancements in
protein sequencing technologies and the rising number of sequencing procedures
are expected to boost the growth of the segment.
On the basis of technology, the market has been segmented
into mass spectrometry and Edman degradation.
By application, the market has been segmented into
biotherapeutics, genetic engineering, and others. The biotherapeutics segment
is anticipated to be the fastest growing segment during the forecast period.
The market, by end user, has been segmented into
pharmaceutical and biotechnology companies, academic institutes and research
centers, and others.
Regional Analysis:
On a regional basis, the Americas is anticipated to dominate
the global protein sequencing market owing to the rising application of protein
sequencing in proteomic research, the development of protein sequencing, and
the availability of research funding in the region. Europe is anticipated to
hold the second largest position in the global protein sequencing market. The
market growth in this region is attributed to the increasing proteomics
research and the availability of funding and infrastructure for research. For
instance, in July 2017, Biognosys, a leading proteomics company based in
Switzerland raised funds of about USD 5 million for making proteomics a broader
segment in the life science research market. The Asia-Pacific region is
anticipated to be the fastest growing region owing to the growing government
funding for healthcare, rising R&D expenditure, and growing number of
biopharmaceutical companies. The Middle East and Africa has the lowest share of
the global protein sequencing market owing to rising government initiatives for
the healthcare sector.
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