Protein Detection And Quantification Market on Track for Strong Growth, Estimated to Grow at 9% CAGR Through 2029

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What Is the Expected CAGR for the Protein Detection And Quantification Market Through 2025?
In recent times, there has been significant expansion in the market size of protein detection and quantification. The market, valued at $2.28 billion in 2024, is set to increase to $2.49 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. This historical growth can be linked to augmented occurrence of chronic illnesses, widespread use in clinical diagnostics, an uplifted focus on individualized medicine, and a heightened requirement for proteomics research.

What's the Projected Size of the Global Protein Detection And Quantification Market by 2029?
The market for protein detection and quantification is anticipated to experience significant growth in the coming years, expanding to a value of $3.51 billion by 2029 with a 9.0% compound annual growth rate (CAGR). The predicted growth during the forecast period can be credited to the rising demand for tailored healthcare, expanded use in biotech and clinical diagnostic applications, the growing adoption of automation and robotics, as well as the utilization of point-of-care testing. Key developments foreseen during the projection period include the integration of AI-driven platforms, the establishment of collaborations and partnerships, advancements in technology, and exploration in the field of multiplexing.

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Top Growth Drivers in the Protein Detection And Quantification Industry: What's Accelerating the Market?
The protein detection and quantification market is anticipated to be driven by the increasing demand for personalized medicine. Personalized medicine is a medical approach that customizes treatments and interventions to each patient's unique needs. The expansion of personalized medicine is a consequence of the swift development of omics technology, data integration, genetics, and a heightened understanding of the importance of patient-specific medications and preventive measures. Protein detection and quantification play a vital role in personalized medicine to identify and measure specific proteins that may serve as indicators for customized patient care. For instance, in 2022, the US-based professional organization, the Personalized Medicine Coalition, reported that 12 new tailored medications were sanctioned, amounting to nearly 34% of all new treatment approvals, showing a significant increase from previous years. Consequently, the rising demand for personalized medicine stimulates the growth of the protein detection and quantification market.

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What Trends Will Shape the Protein Detection And Quantification Market Through 2029 and Beyond?
The primary firms in the protein detection and quantification market are striving to maintain their market standing by developing ground-breaking technologies, for instance protein co-detection kits. These kits are engineered to identify various proteins in the specimen at once, often comprising a mixture of antibodies or probes unique to diverse target proteins, along with the required reagents and instructions to conduct the detection assay. Vizgen Inc., a biotech firm from the US, in September 2022, introduced the Protein Co-detection Kit for the MERSCOPE Platform. This kit offers a remarkable ability to record spatial gene expression and protein placement, facilitating complete single-cell examination and deeper understanding of complex biological activities. The kit provides researchers with a robust set of tools for investigating cellular diversity, biomarker unearthing, and disease pathology, pushing forward precision medicine and therapeutic development.

What Are the Main Segments in the Protein Detection And Quantification Market?
The protein detection and quantification market covered in this report is segmented -

1) By Products: Kits And Reagents Or Consumables, Instruments, Services
2) By Technology: Colorimetric Assays, Immunological Methods, Chromatography, Mass Spectrometry, Spectroscopy Instruments, Other Technologies
3) By Application: Drug Discovery And Development, Clinical Diagnosis, Other Applications
4) By End User: Academic Research Institutes, Biotechnology And Pharmaceutical Companies, Contract Research Organization, Other End-Users

Subsegments:
1) By Kits And Reagents Or Consumables: Protein Assay Kits, Enzyme-Linked Immunosorbent Assay (ELISA) Kits, Western Blotting Reagents, Protein Extraction Kits, Antibodies And Probes
2) By Instruments: Spectrophotometers, Microplate Readers, Mass Spectrometers, Fluorometers, Chromatography Systems
3) By Services: Protein Analysis Services, Custom Protein Assay Services, Protein Quantification Testing Services, Data Analysis And Interpretation Services

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Which Top Companies are Driving Growth in the Protein Detection And Quantification Market?
Major companies operating in the protein detection and quantification market are 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

Which Regions Will Dominate the Protein Detection And Quantification Market Through 2029?
North America was the largest region in the protein detection and quantification market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein detection and quantification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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