The global Protein Analysis Market is projected to reach USD 1,088 million by 2023 from USD 925 million in 2018, at a CAGR of 3.3% during the forecast period.
The study involved four major activities to estimate the current market size for protein sequencing. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
By technology, mass spectrometry is expected to be the largest contributor to the Protein Analysis Market
The study involved four major activities to estimate the current market size for protein sequencing. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
By technology, mass spectrometry is expected to be the largest contributor to the Protein Analysis Market
The large share of the mass spectrometry segment can be attributed to its advantages, such as high-throughput sequencing capabilities, cost efficiency, and identification of blocked or modified proteins. Market growth is also due to the increasing focus of market players on launching technologically advanced mass spectrometry instruments and increasing application of mass spectrometry in proteomics research.
Thermo Fisher Scientific (US), SGS S.A. (Switzerland), and Shimadzu (Japan) are the major players operating in the protein sequencing market. Other players in this market include Waters Corporation (US), Rapid Novor (Canada), Agilent Technologies (US), Charles River Laboratories (US), and Selvita (Poland).
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