Market Size of Proteomics Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 27.60 Billion |
| Market Size (2029) | USD 41.36 Billion |
| CAGR (2024 - 2029) | 8.42 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Proteomics Market Analysis
The Proteomics Market size is estimated at USD 27.60 billion in 2024, and is expected to reach USD 41.36 billion by 2029, growing at a CAGR of 8.42% during the forecast period (2024-2029).
Certain factors driving the market growth include rising demand for personalized medicine, increasing R&D expenditure and government funding for proteomics, and technological advancements.
These major drivers will continue to drive the biopharmaceutical industry's pursuit of blockbuster drugs and the recent technological advances in the studies of genes and proteins. Alliances are becoming increasingly important in this field because it is challenging for companies to find all the necessary expertise to cover all activities involved in proteomics. For example, many companies working with mass spectrometry and both the manufacturers and end-user labs are collaborating with protein chip-related companies. Increased demand for personalized medicines and increased R&D in proteomics are also driving factors for the market. However, the market is constrained by strict regulatory norms and the high cost of the instruments.
