Proteomics market to grow to $21bn by 2018

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  • Published: Apr 7, 2014
  • Author: Steve Down
  • Channels: HPLC / Proteomics & Genomics / Base Peak / Proteomics
thumbnail image: Proteomics market to grow to $21bn by 2018

A new report into the proteomics market by MarketsandMarkets predicts that the global value will grow from $10.2bn in 2013 to $20.6bn by 2018, although it is being held back by funding cuts in the US.

The major areas of growth are expected to be the demand for personalised medicine, increased funding for R&D and projects based on proteomics, and advances in technology. However, a number of restrictive factors are at play, including the lack of research expertise and the slow federal approval rate for new disease biomarkers.

Although the North American market is predicted to be dominant in the future, its share will fall to 34.5% by 2018, while the South American and Asian markets will take up a larger market share.

The report is divided into sections on Proteomics Instrumentation Technologies (protein microarrays, spectroscopy, X-ray crystallography, chromatography, supercritical fluid chromatography, electrophoresis, surface plasmon resonance systems, protein fractionation systems), Proteomics Reagents (microarray, spectroscopy, X-ray crystallography, chromatography, electrophoresis, immunoassay, microsphere, protein fractionation kits), Proteomics Services (analytical laboratory services, protein identification, protein separation, protein sequencing, data analysis and maintenance, bioinformatics databases, bioinformatics tools, global proteomics market by application, drug discovery, diagnosis, others).

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