Trends and insights in the Protein Chip Market by Type (Analytical, Functional, and Reverse Phase Protein microarrays), and by End User (Hospitals & Clinics Diagnostic Laboratories, Academic & Research Institutes Pharmaceutical & Biotechnology Companies), and by Competitive Market Growth, Size and Share, Forecast to 2030.
New York, USA, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Protein Chip Market Overview
Market Research Future's Comprehensive Research Report, 'Protein chip market information by type, application and end user - Forecast until 2030' (MRFR), shows that the market is expected to reach USD 1.53 billion by 2030. This represents a CAGR in excess of 6.71% over the 2022-2030 period.
The market for protein chips is expected to expand rapidly due to their rising popularity in recent years. There has been a significant increase in R & D expenditures for product creation. Market demand will also be supported by an increase in the number of cancer cases worldwide.
In recent years, there has been an increase in the number and severity of chronic diseases due to lifestyle changes. It is also predicted that the quality of healthcare services will increase in the future, which will lead to increased market expansion opportunities worldwide. As our knowledge of personalized medicine grows and modern technology is applied in diagnosing procedures, opportunities will arise.
MRFR expects that the Asia Pacific region will show the highest CAGR over the forecast period due to rising public awareness about customized medicine, increased infectious disease rates, and increased government funding for the expansion of healthcare. The Asia Pacific Protein Chip Market is being driven by increasing awareness about the advantages of personalized medicine over traditional medical treatments. The area is also home to a high number of infectious diseases like the flu, TB and pneumonia.
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The 2030 Market Size
USD 1.53 Billion
Value (USD Billion)
Trends, Competitive Landscape, Revenue Forecast and Growth Factors
Sorted by Type, Application, and End User
North America, Europe and Asia-Pacific (RoW).
Key Market Drivers
Increasing demand for personalized medicine
Infectious disease: Protein chip is being used more frequently
These are the key players in the industry of protein chips
Thermo Fisher Scientific Inc.
Agilent Technologies, Inc.
Bio-Rad Laboratories, Inc. (US)
Full Moon BioSystems, Inc.
CDI Laboratories Inc.
OriGene Technologies, Inc. (US)
The market for protein chips is fragmented. This market is further defined by the presence of international and regional companies. The market players also focus on various methods to achieve their desired profitability, build their brands and gain a foothold into emerging markets. In order to retain a large customer base, these industry players focus on improving their products. It is expected that global growth opportunities will be created by new product releases, agreements, collaborations, company network development, mergers and acquisitions.
Sengenics officially launched the i-Ome Protein Array Kit in March 2022. The i-Ome Protein Array Kit contains 1600+ fully extended and appropriately folded human proteins.
Protein Chip Market Dynamics:
Proteomics is a growing industry that drives revenue growth. Proteomics is a thorough study of the proteins produced by the genome. In recent years, more research has been done to understand how proteins interact with biomolecules and how they work. Many methods have been developed to study proteins, including mass spectrometry and nuclear magnetic resonance spectrum spectroscopy. Proteomics is used in many life sciences, such as medication development, biomarker research, personalized treatment and medication.
A rise in demand for protein chips will be aided by the booming biomedical, biotechnology and other sectors. This trend is expected to drive the APAC region's growth in protein chips. This is due to the increasing population, combined with the rise of infectious diseases and technological advancements, as well as the increased awareness of targeted drug delivery therapies for cancer treatment.
The market for protein chips faces many challenges. This is because these chips are system-based, meaning that the output of the chips is completely dependent on the input. Another barrier to this industry would be the lack of availability of protein in the market, despite significant investments.
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The COVID-19 pandemic impacted the market for protein chips in the first half 2020. Several countries implemented lockdowns or shutdowns during this period. The market's supply and manufacturing chains were affected.
There has been an increase in demand for protein chips technology to be used in the creation COVID-19 vaccine. A multi-antigen SARS-CoV-2 protein chip is used to analyze the antibody responses of COVID-19 patients. Because of its multiplexed and sensitive capabilities, the protein chip is one the most effective tools to assess the antibodies in blood. It is useful in early detection of disease, such as cancer and autoimmune conditions. The protein chip market was a huge success.
Protein Chip Market Segmentation
Sort by Type
The most popular types of protein chips on the global market are Analytical Microarrays, Functional Protein Microarrays, and Reverse Phase Protein Microarrays.
Clinical Diagnostics, Proteomics and Protein Identification are some of the applications for protein chips.
The key end-users of the global industry include Diagnostic Laboratories and Hospitals & Clinics.
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Protein Chip Market Regional Insights
The Asia Pacific region will experience the highest CAGR over the forecast period due to rising awareness about customized medicine, increased transmission of infectious disease and increasing government funding for the expansion of healthcare industry. The Asia Pacific Protein Chip Market is growing due to rising awareness about the advantages of personalized medicine over traditional medical treatments. The region is also home to a high number of infectious diseases like the flu, TB and pneumonia.
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