Protein Characterization and Identification Market – Positive Long-Term Growth Outlook 2023

Global Protein Characterization and Identification Market: Overview

Proteins form the fundamental component of human life and thus, they are an important subject of study and research. Protein characterization and identification is the basic research process to analyze the contents of a protein-based on their molecular weight and their charge. The demand for protein characterization and identification is high for clinical diagnosis, agricultural and environmental research, and drug discovery and development. The research process finds application across end-use sectors such as pharmaceutical, biotechnology, contract research organizations, and academic research institutes.

The report on the global protein characterization and identification market encompasses all the important parameters of the market and its affiliated industries. The key trends and opportunities presented in the report are useful for existing as well as new players in formulating viable growth strategies. Besides, the detailed coverage of business strategies and latest developments of the leading companies in the market makes the report a reliable business tool. The report also sheds light on market segmentation on the basis of various criteria, including geography and application.

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Global Protein Characterization and Identification Market: Drivers and Restraints

To ensure sustainable growth, pharmaceutical and biotechnology companies are paying high attention to research and development activities. As a result, they are pouring large fund into such activities, which has a direct positive impact on the growth of the global protein characterization and identification market. In addition, rapid advancements in technology are facilitating improvements in research processes, thereby augmenting the market.

The robust growth of the biologics and proteomics sectors is also one of the key factors stoking the adoption of protein characterization and identification. Besides this, several governments worldwide are investing large sums in proteomics research, which is providing a fillip to the global market.

However, the high cost of instruments used in protein characterization and identification is acting as a major impediment to the growth of the market. Moreover, the dearth of skilled and qualified personnel is hindering the growth of the market. Nevertheless, the emergence of biomarkers along with the booming biomarker identification segment is rendering the global protein characterization and identification market highly lucrative.

Global Protein Characterization and Identification Market: Geographical Segmentation

The key regions reviewed in the report are Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific will be a prominent market for protein characterization and identification. The region is a home to a large number of companies manufacturing biotechnological analytical devices. The increasing investments by governments of emerging economies in research and development activities are leading to the greater uptake of protein electrophoresis equipment in the region. The growth of APAC can also be attributed to the easy availability of raw materials and reagents. Japan and China will be major revenue contributors to the growth of the market. Europe will also represent a large share in the market during the forecast period, with France and the U.K. being sights of high growth rate.

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Global Protein Characterization and Identification Market: Competitive Landscape

The global protein characterization and identification market is a highly fragmented arena in nature. Research and development play a vital role in the protein characterization and identification industry. Therefore, companies are investing sizeable funds in these activities. In addition, players in the market are looking upon mergers and acquisitions as a viable strategy to enhance their research facilities. Some of the key participants in the global marketplace are Proteome Factory AG, CBS Scientific Company Inc., AB Sciex Pte. Ltd, Alphalyse Inc., LabRepCo., Serva Electrophoresis GmbH., Lonza Group Ltd, Sigma-Aldrich Co. LLC., and Hoefer Inc.

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Global Market for Mass Spectroscopy is Fueled by Advancing Technology

Global Mass Spectroscopy Market: Snapshot

The prosperity of the global mass spectroscopy market, which is projected for a healthy CAGR during the forecast period of 2015 to 2023, can be attributed to a number of factors such as growing food safety concerns, new international GMP and GDP certification for pharmaceutical excipients, advent of miniaturized mass spectrometers and hybrid mass spectrometers, other technological advancements, and increasing government investments in a number of developed countries. On the other hand, the global mass spectroscopy market is anticipated to face hindrances from a few factors such as high cost of equipment and the lack of skilled professionals. Nevertheless, the vendors operating in the global mass spectroscopy market are expected to gain new expansion opportunities in a number of emerging economies, especially in Asia Pacific, as well as from new product launches and growing usage of mass spectroscopy in proteomics.

Application-wise, the global mass spectroscopy market can be segmented into pharmaceuticals, industrial chemistry, biotechnology, environment testing, food and beverages, and others. This report also gauges the potential of mass spectroscopy in every important geographical region, as well as profiles a number of leading vendors in order to represent the competitive landscape. The report has been developed by a group of professional market research analysts of the healthcare domain, aspiring to serve as a reliable business document for its targeted audiences. This report provides quantitative and qualitative estimations regarding the future of the global mass spectroscopy market, depending on various factors mentioned above.

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Global Mass Spectroscopy Market: Overview

The global mass spectroscopy market is poised to rake in a healthy share of the revenue pie with the robust growth of the healthcare sector worldwide. Mass spectroscopy is useful in tracing the distribution of various biomolecules directly from the tissue sample. In addition, it enables testing of multiple diseases and customization of screening programs according to a specific population. Other than healthcare, it finds applications in industries such as food and beverage, biotechnology, and pharmaceutical. Some of the technologies used in mass spectroscopy are matrix-assisted laser desorption/ionization (MALDI), gas and liquid chromatography combined with mass spectrometry, quadrupole mass spectroscopy, and time-of-flight mass spectrometry (TOFMS).

The research report is an outcome of an in-depth analysis of the dynamics and competitive scenario of the global mass spectroscopy market. It sheds light on the trends influencing the market at both global and regional levels.

Global Mass Spectroscopy Market: Drivers and Restraints

Rapid technological advancements are boosting the scope of applications and subsequently the base of end users of mass spectroscopy, thereby augmenting the global market. Moreover, the rising concerns regarding the safety of food products and drugs as a result of growing incidences of related complications are stimulating the demand for analytical methods. This factor is, therefore, stoking the growth of the global mass spectroscopy market.

The increasing research and development activities in fields, including drug development, biomarkers, molecular biology, gene expression studies, and proteomics are also providing a significant momentum to the market. On the other hand, rapid technological advancements are trimming the life cycle of existing products, which is hindering the growth of the global mass spectroscopy market. Furthermore, the high price of devices is limiting the widespread adoption of mass spectroscopy. However, to maximize their revenue generation, market players are expected to tap the immense potential of emerging countries.

Global Mass Spectroscopy Market: Geographical Segmentation

The key regions analyzed in the report are Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. North America and Europe are anticipated to be major revenue contributors throughout the forecast period. The growth of these regions can be attributed to the presence of a large number of academic and research institutes and the growing investments by governments in the biomedical and biotechnology sectors. In North America, the U.S. will be at the forefront of growth, owing to the domicile of a raft of key participants.

However, there is a gradual shift in focus of key players towards emerging countries, owing to their improving economic conditions. Asia Pacific is estimated to register a noteworthy CAGR during the same period. The growth of the region is largely supplemented by increasing funds allocated by governments for research activities and increasing investments by global players in the countries such as India and China. In Latin America, Brazil will be a sight of high growth rate due to the robust growth of end-user industries.

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Global Mass Spectroscopy Market: Competitive Landscape

The degree of competition in the global mass spectroscopy market is anticipated to remain high throughout the forecast period. In order to differentiate their offerings, players are pouring sizeable funds into research and development of novel technologies. Mergers and alliances are looked upon as viable strategies by the majority of participants to expand their shares in the market. Some of the prominent companies operating in the global mass spectroscopy market are PerkinElmer, Dani Instruments S.P.A., Waters Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Agilent Technologies, Kore Technologies Ltd., Danaher Corporation, Bruker Corporation, and Leco Corporation among others.