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| Protein Sequencing Market |
Protein
sequencing refers to the process of determining the amino acid sequences of
proteins. It plays a vital role in understanding the biological functions of
proteins and determining the 3D protein structure. Protein sequencing finds
wide applications in various disease diagnosis and drug discovery processes. It
aids in understanding the biological pathways, identifying disease biomarkers,
validating drug targets, and developing therapeutic proteins. Moreover, the
growing focus on personalized medicine is driving increased demand for
large-scale protein sequencing. Researchers are using protein sequencing to
understand an individual's genetic makeup and develop customized treatment
plans. The global protein sequencing market witnessed significant growth over
the past few years due to rising R&D spending in the pharmaceutical and
biotechnology industries.
The global Protein Sequencing Market is estimated to be valued at US$ 2.19 Bn in 2024 and is expected to
exhibit a CAGR of 30.% over the
forecast period 2024 to 2031, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
Advancements in mass spectrometry techniques is one of the major trends
witnessed in the global protein sequencing market. Mass spectrometry offers
high-throughput identification and structural characterization of proteins.
Technological upgrades such as high-resolution mass spectrometers, top-down
sequencing, and data-independent acquisition are enabling more efficient
protein sequencing at a larger scale. Market players are focusing on developing
novel mass spectrometry methods such as capillary zone electrophoresis coupled
with mass spectrometry for sequencing affinity-captured protein complexes. Such
advancements are expanding the applications of protein sequencing in various
proteomics research areas including biomedicine and biopharmaceuticals.
Porter's
Analysis
Threat of new entrants: The protein sequencing market requires high capital
investments in research and development which poses a barrier for new players
to enter. The presence of large established players also acts as a deterrent
for new entrants.
Bargaining power of buyers: The bargaining power of buyers is moderate as the
research institutions and pharmaceutical companies have a fair negotiating
power. However, the need for advanced protein sequencing techniques offers
existing players an edge.
Bargaining power of suppliers: The bargaining power of suppliers is low as
there are numerous component manufacturers. Additionally, shifting costs can be
passed on to buyers.
Threat of new substitutes: There exists a low threat of substitution as protein
sequencing has no close substitute. Emerging advanced technologies may pose a
possible threat in future.
Competitive rivalry: The market is highly competitive owing to the presence of
global as well as regional players. Players compete based on technical
expertise, service, and pricing.
Key Takeaways
The global Protein
Sequencing Market Growth is expected to witness high growth over the
forecast period. The rising demand for mass spectrometry solutions in various
industries such as healthcare and pharmaceuticals is driving the growth.
Regional analysis: North America dominates the global protein sequencing
market. Presence of major research facilities and pharmaceutical companies are
factors accelerating the regional market growth. Asia Pacific is expected to be
the fastest growing market supported by increasing investments in life sciences
research.
Key players operating in the protein sequencing market are Stratasys Ltd., 3D
Systems Corporation, HP Inc., General Electric Company, Materialise NV, Proto
Labs Inc., Voxeljet AG, ExOne Company, Autodesk Inc., Siemens AG, EOS GmbH,
Renishaw plc, SLM Solutions Group AG, Carbon Inc., Desktop Metal Inc. Key
players are focusing on launching new innovative sequencing instruments and
solutions to gain a competitive advantage.
For more insights, read- https://www.newsstatix.com/protein-sequencing-market-size-share-and-value-insights/
For
more details on the report, Read- https://techaxen.com/game-engines-powering-the-future-of-gaming/
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