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Proteomics Market Research 2013-2024: Key Players, Applications and Key Growth Factors
by rajshukla2017 · January 24, 2019
24 January 2019: The global Proteomics Market was valued at over USD 11.8 billion in 2015 and is estimated to grow at a CAGR of 20% over the forecast period. Proteomics is the study of proteins, particularly their structures and functions. Proteins are considered to be a major part of living organisms that play significant functions including catalyzing different biochemical reactions Frank Clark Jersey , transporting oxygen with help of hemoglobin which act as a messenger, and defending against infections with help of antibodies in the human body.
The global market is expected to witness a significant growth owing to high demand in protein engineering particularly in biopharma, diagnostics and drug discovery industry over the forecast period. Improved relation between cellular behavioral and genome sequence, is anticipated to be a key driving factor for market growth.
High investment in research & development along with funds from government systems is estimated to surge the market growth. The improvements in mass spectrometry and expression technology in protein helps to obtain more data from nominal sample that behave as catalysts in proteomics segment. Increasing corporate and institutional investment in proteomic R&D for further studies is also anticipated to promote the market growth.
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Increasing birth disorders Tyreek Hill Jersey , genetic disorders and healthcare expenditure, are estimated to be the major driving factors for the market growth. Swift Growth of pharmaceutical and biopharmaceutical market on owing to increasing prevalence of protein deficiency diseases such as marasmus is attributed is the demand for proteomics market has increased.
Protein deficiency is widely spread among people who live in impoverished regions and in elderly people who lack access to proper nutritious food. Protein deficiency is also expected to affect people born with genetic disorder to produce certain nutritional proteins, and also people with these diseases cause them to lose appetite and experience muscle breakdown. Developing countries are expected to witness large number of cases owing to poverty and economic situation.
Increased understanding of human genome and its applications in proteomics is expected to be an opportunity to the global market. Human Genomics focuses on the application of genomic approaches to improve understanding of human disease, drug discovery and variable drug reaction including proteomics and other significant diseases. Problems encountered by proteomics key players to obtain regulatory agreements for biomarkers Kansas City Chiefs Jersey , increasing costs of proteomic tools, coupled with lack of skilled research expertise are expected to restrain the market growth globally over the forecast period.