Asia-Pacific Proteomics Market grow at 7.8% CAGR | MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Asia-Pacific Proteomics Market, The Asia-Pacific Proteomics Market is projected to grow at a CAGR of around 7.8% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Asia-Pacific Proteomics Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2023-2028
• CAGR (2023-2028): 7.8%

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Asia-Pacific Proteomics Market Segmentation Breakdown:

The Asia-Pacific Proteomics Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

By Technology

• Spectroscopy- Market Size & Forecast 2018-2028F, USD Million
  • Mass Spectroscopy- Market Size & Forecast 2018-2028F, USD Million
  • NMR Spectroscopy- Market Size & Forecast 2018-2028F, USD Million
  • CD Spectroscopy- Market Size & Forecast 2018-2028F, USD Million
• Chromatography- Market Size & Forecast 2018-2028F, USD Million
  • HPLC Chromatography- Market Size & Forecast 2018-2028F, USD Million
  • Affinity Chromatography- Market Size & Forecast 2018-2028F, USD Million
  • Supercritical Fluid Chromatography- Market Size & Forecast 2018-2028F, USD Million
  • Ion Exchange Chromatography- Market Size & Forecast 2018-2028F, USD Million
• Electrophoresis- Market Size & Forecast 2018-2028F, USD Million
  • Gel Electrophoresis- Market Size & Forecast 2018-2028F, USD Million
  • Capillary Electrophoresis- Market Size & Forecast 2018-2028F, USD Million
• Protein Microarray- Market Size & Forecast 2018-2028F, USD Million
  • Biochip- Market Size & Forecast 2018-2028F, USD Million
    • Lab-on-Chip- Market Size & Forecast 2018-2028F, USD Million
    • Protein Chip- Market Size & Forecast 2018-2028F, USD Million
  • Microarray Instrument- Market Size & Forecast 2018-2028F, USD Million
    • Integrated System- Market Size & Forecast 2018-2028F, USD Million
    • Microarray Scanner- Market Size & Forecast 2018-2028F, USD Million
    • Arrayers- Market Size & Forecast 2018-2028F, USD Million
  • Crystallography- Market Size & Forecast 2018-2028F, USD Million
  • Surface Plasma Resonance- Market Size & Forecast 2018-2028F, USD Million
  • Fractionation- Market Size & Forecast 2018-2028F, USD Million
  • Others (X-Ray Crystallography, Enzyme-linked Immunosorbent Assay, etc.) – Market Size & Forecast 2018-2028F, USD Million

The Spectroscopy segment held a sizeable share in the Asia-Pacific Proteomics Market. The Spectroscopy segment held a sizeable share of the Asia-Pacific Proteomics Market.

By Reagent

• Immunoassay Reagents- Market Size & Forecast 2018-2028F, USD Million
• Spectroscopy Reagents- Market Size & Forecast 2018-2028F, USD Million
• Chromatography Reagents- Market Size & Forecast 2018-2028F, USD Million
• Protein Microarray Reagents- Market Size & Forecast 2018-2028F, USD Million
• X-Ray Crystallography Reagents- Market Size & Forecast 2018-2028F, USD Million
• Electrophoresis Reagents- Market Size & Forecast 2018-2028F, USD Million
• Protein Fractionation Reagents- Market Size & Forecast 2018-2028F, USD Million
• Others (Glycobiology Agents, Phos-tag, etc.)- Market Size & Forecast 2018-2028F, USD Million

By Offering

• Core Proteomics Service- Market Size & Forecast 2018-2028F, USD Million
  • Protein Identification- Market Size & Forecast 2018-2028F, USD Million
  • Protein Characterization- Market Size & Forecast 2018-2028F, USD Million
  • Quantitative proteomics- Market Size & Forecast 2018-2028F, USD Million
  • Protein Purification- Market Size & Forecast 2018-2028F, USD Million
  • Protein Separation- Market Size & Forecast 2018-2028F, USD Million
  • Protein Sequencing- Market Size & Forecast 2018-2028F, USD Million
  • Custom Assay- Market Size & Forecast 2018-2028F, USD Million
• Software & Services- Market Size & Forecast 2018-2028F, USD Million
  • Bioinformatics Services- Market Size & Forecast 2018-2028F, USD Million
  • Bioinformatics Tools- Market Size & Forecast 2018-2028F, USD Million
  • Bioinformatics Database- Market Size & Forecast 2018-2028F, USD Million

By Indication

• Oncology- Market Size & Forecast 2018-2028F, USD Million
• Infectious Diseases- Market Size & Forecast 2018-2028F, USD Million
• Diabetes- Market Size & Forecast 2018-2028F, USD Million
• Neurological Disorder- Market Size & Forecast 2018-2028F, USD Million
• Autoimmune Diseases- Market Size & Forecast 2018-2028F, USD Million
• Cardiovascular Diseases- Market Size & Forecast 2018-2028F, USD Million
• Others (Gastrointestinal, Lung disease, etc.)- Market Size & Forecast 2018-2028F, USD Million

By End-User

• Hospitals- Market Size & Forecast 2018-2028F, USD Million
• Clinical Laboratories- Market Size & Forecast 2018-2028F, USD Million
• Pharmaceutical & Biotechnology Companies- Market Size & Forecast 2018-2028F, USD Million
• Academic Research Laboratories- Market Size & Forecast 2018-2028F, USD Million

Pharmaceutical & Biotechnology companies have held a significant share in the Asia-Pacific Proteomics Market as they undergo the majority of the trials for drug discovery.

Geographical Growth Insights:

By Country

• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Rest of the Asia-Pacific

China has emerged as a major player in the Proteomics Market, primarily due to its substantial healthcare investments by public authorities & the availability of robust infrastructure for research & development centers focused on drug development & disease testing

MarkNtel Advisors Highlights Key Market Drivers for Asia-Pacific Proteomics Market:

Rising Need for New Drug Development Augmented the Demand for Proteomics Services – The rising prevalence of chronic diseases such as cancer, arthritis, chronic obstructive pulmonary disease, etc., across APAC, has been propelling pharmaceutical companies & biotech companies like Takeda, Pfizer, etc., to advance their research & development of new drugs & therapies.

As a result, the demand for proteomics services has increased since these testing services were used at various stages of drug development, such as preclinical testing, clinical trials, and others. Also, in recent years, to expedite the proteomics process various key technological developments have been observed, such as the inclusion of orbitrap mass spectrometry & protein microarrays. For instance:

• In 2022, Thermofisher Scientific Inc. launched Q Exactive UHMR Hybrid Quadrupole-Orbitrap mass spectrometers, the first time equipped with charge detection capabilities, allowing direct mass determination of hundreds to thousands of individual ions in a single spectrum.

Moreover, advancements in proteomics have expanded the scope to develop novel therapeutic therapies in recent years. As a result, biotechnology companies like Merck, GE Healthcare, etc., are increasingly investing in the research and development of drugs, as well as adopting new technologies in proteomics. These investments and technological advancements are expected to accelerate the market growth of proteomic services in the forecast years.

A Comprehensive Analysis of Leading Companies in Asia-Pacific Proteomics Market

• Agilent Technologies Inc.
• Bio-Rad Laboratories Inc.
• Danaher Corporation
• GE Healthcare
• Thermofisher Scientific Inc.
• Merck KGaA
• Promega Corporation
• Bruker Corporation
• Waters Corporation
• MRM Proteomic Inc
• Luminex Corporation
• Perkin Elmer Inc.
• Others

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Asia-Pacific Proteomics Market Recent Developments

• 2022: Thermofisher Scientific Inc.showcased its latest mass spectroscopy instrument that enable biopharmaceutical & proteomics to solve analytical challenges.
• 2022: MRM Proteomics Inc.announced its partnership with the Agilent Technologies for the co-marketing agreement to provide a complete solution for quantitative protein & metabolite analysis.

Asia-Pacific Proteomics Market Growth Opportunity:

Biomarker Discovery & Validation to Emerge as a Key Opportunity Area for Proteomics Testing – Biomarkers are measurable indicators that provide valuable information about normal or pathological processes, treatment response, and disease progression. Proteomics plays a crucial role in identifying, validating, and utilizing these biomarkers for various clinical applications, presenting significant growth opportunities in the field.

In order to harness the potential of biomarker identification, several biotechnology companies like Novo Nordisk & Biorad are making significant investments in proteomics technology to offer personalized biomarker therapy to patients. For instance:

• In 2023, Novo Holdings invested USD 40 million in Evosep, a proteomics technology company, to improve the quality of life and patient care by leveraging the power of LC-MS for drug discovery and developing protein-based clinical diagnostics that involve multiple protein biomarkers.

Furthermore, the integration of other omics technologies with proteomics holds tremendous potential in enhancing the capabilities of identifying & treating complex diseases. This integration creates a vast array of opportunities for proteomics service providers & contributes to the expansion of the market in the years to come.

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