Protein Detection And Quantification Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Protein Detection And Quantification Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The protein detection and quantification market size grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to the increased prevalence of chronic diseases, expanded applications in clinical diagnostics, increasing emphasis on personalized medicine, and rising need for proteomics research.

The protein detection and quantification market size is expected to see rapid growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to escalating demand for personalized medicine, growing applications in biotechnology and clinical diagnostics, increasing adoption of automation and robotics, and adoption of point-of-care testing. Major trends in the forecast period include integration of AI-powered platforms, collaborations and partnerships, technological developments, and research on multiplexing.

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Market Drivers and Trends:

The growing demand for personalized medicine is expected to propel the growth of the protein detection and quantification market going forward. Personalized medicine refers to a medical care philosophy that aims to tailor medicines and interventions to the particular requirements of each patient. The growth of personalized medicine is due to the rapid growth of omics technology, data integration, genetics, and an awareness of the significance of tailored patient-specific medications and preventive actions. Protein detection and quantification are critical components of personalized medicine for identifying and measuring specific proteins that may function as biomarkers for individualized patient care. For instance, in 2022, according to the Personalized Medicine Coalition, a US-based professional organization, 12 new customized medications were approved, accounting for around 34% of all newly approved treatments, a significant increase over prior years. Therefore, the growing demand for personalized medicine drives the growth of the protein detection and quantification market.

Major companies operating in the protein detection and quantification market are focusing on developing innovative technologies, such as protein co-detection kits, to sustain their position in the market. A protein co-detection kit is designed to detect multiple proteins within the sample simultaneously. These kits typically include a combination of antibodies or probes specific to different target proteins, along with the necessary reagents and protocols for performing the detection assay. For instance, in September 2022, Vizgen Inc., a US-based biotechnology company, launched the Protein Co-detection Kit for the MERSCOPE Platform. The MERSCOPE Protein Co-detection Kit provides unprecedented capability to capture spatial gene expression and protein localization, enabling comprehensive single-cell analysis and deeper insights into complex biological processes. This kit empowers researchers with a powerful toolkit for studying cellular heterogeneity, biomarker discovery, and disease pathology, advancing precision medicine and therapeutic development.

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Major Key Players of the Market:

Roche Diagnostics, Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, GE HealthCare, Agilent Technologies Inc., Illumina Inc., Sartorius AG, PerkinElmer Inc., Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Qiagen N.V., Horiba ltd., Bio-Techne Corporation, Promega Corporation, Abcam Plc, Molecular Devices LLC, Olink Proteomics, RayBiotech Life Inc., Bio Scientific Research Laboratories

Protein Detection And Quantification Market 2024 Key Insights:

• The protein detection and quantification market size is expected to see rapid growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• Impact Of Personalized Medicine On The Protein Detection And Quantification Market
• Innovative Technologies Drive Growth In Protein Detection And Quantification Market
• North America was the largest region in the protein detection and quantification market in 2023

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