Protein Characterization and Identification Market worth $2,600.28 Million By 2019
The global protein characterization and identification market was valued at $1,569.00 million in 2014. This market is expected to grow at a CAGR of 10.63% to reach $2,600.28 million in 2019.
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The global protein characterization and identification market is segmented on the basis of applications, end users and products. By application, the market is divided into clinical diagnosis; drug discovery and development and other applications.
Of these, the drug discovery and development applications segment accounted for the largest share of the global protein characterization and identification application market in 2014. The end-user segments included in this report are academic research institutes, biotechnology and pharmaceutical companies, and contract research organizations. By products, the market is segmented into instruments, consumables and services.
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The instruments product segment is further sub segmented into chromatography instruments; electrophoresis instruments; label- free instruments; mass spectrometers; spectroscopy instruments; and other protein characterization instruments. Of these, the mass spectrometers sub segment held the largest share of the global protein characterization and an identification instrument market in 2014.
The consumables segment is sub segmented into chromatography consumables; electrophoresis consumables; immunoassay consumables; and other consumables. The services segment is further sub segmented into ELISA and western blotting; impurities detection; peptide mapping; and other protein characterization and identification services.
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The geographic segments included in this report are Asia, Europe, North America, and Rest of the World (RoW).The Asian segment is further divided into China, India, Japan, and Rest of Asia. Europe is divided into France, Germany, Italy, Spain, the U.K., and Rest of Europe. North America includes Canada, and the U.S. RoW encompasses the Middle East and Africa, Pacific and Oceania, and Latin America.
An increase inR&D expenditure by pharmaceutical and biotech companies and government support for the biotechnology industry will be the two most important growth drivers for this market in the forecast period (2012–2019). For instance, the Chinese government increased its basic research investment by 26% from 2011 to 2012 and decided to invest more than $300 billion in the country’s biotechnology industry between 2012 and 2017. Investments of this nature will aid the growth of the protein characterization and identification market.
The major players in this market are Agilent Technologies (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corp. (U.S.), Danaher Corp. (U.S.), GE Healthcare (U.K.), Perkin Elmer (U.S.), Shimadzu Corp. (Japan), Sigma-Aldrich Corp. (U.S.), Thermo Fisher Scientific (U.S.), and Waters Corp. (U.S).
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