Market ScenarioMarket Research Future (MRFR) proclaims that the global protein sequencing market
is likely to expand at a CAGR of 3.6% during the forecast period
(2018-2023). The surging focus on target-based drug development by the
biotechnological companies is likely to contribute to the market growth.
Protein sequencing can be defined as the methods which are used to
determine the amino acid sequence of peptides or proteins for analysing
the sequence. It is a popular novo sequencing method which enables the
researchers to obtain the information regarding protein confirmation.
Target-based drug discovery is one of its prominent applications.
Experimental methods and computational methods like Mass Spectrometry
and Edman degradation are used for protein sequencing.
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Market Potential and Pitfalls
The
global protein sequencing market is witnessing a sturdy growth rate
owing to the surging focus on target-based drug development by the
pharmaceutical and biotechnological companies, advancements made in the
clinical mass spectrometry and analytical techniques, and rising
financial support by the private and public sector for proteomic
research. For instance, the National Cancer Institute Office of Cancer
Clinical Proteomics Research offers funding opportunities for proteomics
research.
Recent advancements made in the analytical methods and
novo peptide-sequencing methods with the application of neural networks
have created new opportunities for the market to expand. For instance,
technological advancements in mass spectrometer are likely to favor its
growth. The surging funding on proteomics research in several developed
and developing economies is likely to contribute to market growth.
Moreover, the increased demand for protein biomarkers in the process of
drug development is fueling its demand across the globe. Moreover,
technological advancements in identifying isobaric residues in protein
sequences is anticipated to unlock vast prospect in the market globally.
On
the contrary, the high cost of the instruments like mass spectrometers
and the infrastructure are likely to hinder the market growth across the
globe. On a brighter note, the rising application of protein sequencing
techniques in order to identify novel peptides in human antigens and
antibodies are likely to boost the market in the long run.
Global Protein Sequencing Market: Segmental Analysis
The global protein sequencing market has been segmented into products and services, technology, application, and end user.
By
products and services, the market has been segmented into reagent and
consumables, instruments, analysis products/software, and protein
sequencing services. The instrument segment has been further segmented
into mass spectrometry instruments and Edman degradation sequencers. The
reagents and consumables segment accounted for the largest share of the
protein sequencing products market in 2017. The factors such as ongoing
advancements in protein sequencing technologies and the rising number
of sequencing procedures are expected to boost the growth of the
segment.
On the basis of technology, the market has been segmented into mass spectrometry and Edman degradation.
By
application, the market has been segmented into biotherapeutics,
genetic engineering, and others. The biotherapeutics segment is
anticipated to be the fastest growing segment during the forecast
period.
The market, by end user, has been segmented into
pharmaceutical and biotechnology companies, academic institutes and
research centers, and others.
Regional Insights
On
a regional basis, the Americas is anticipated to dominate the global
protein sequencing market owing to the rising application of protein
sequencing in proteomic research, the development of protein sequencing,
and the availability of research funding in the region. Europe is
anticipated to hold the second largest position in the global protein
sequencing market. The market growth in this region is attributed to the
increasing proteomics research and the availability of funding and
infrastructure for research. For instance, in July 2017, Biognosys, a
leading proteomics company based in Switzerland raised funds of about
USD 5 million for making proteomics a broader segment in the life
science research market. The Asia-Pacific region is anticipated to be
the fastest growing region owing to the growing government funding for
healthcare, rising R&D expenditure, and growing number of
biopharmaceutical companies. The Middle East and Africa has the lowest
share of the global protein sequencing market owing to rising government
initiatives for the healthcare sector.
Industry Updates
April
10, 2019: Natera, a globally acknowledged genetic testing and
diagnostics company and one of the leaders in cell-free DNA testing has
transformed how the patients and doctors manage genetic disease and
planned to commercialize a research-use-only service for exome
sequencing of circulating tumor DNA by using plasma samples from
patients suffering from cancer.
Competitive Dashboard
The
prominent players operating in the global protein sequencing market
comprises Charles River Laboratories, Bioinformatics Solutions, Proteome
Factory, Agilent Technologies Inc., Selvita, Rapid Novor Inc., Shimadzu
Corporation, SGS, Waters Corporation, and Thermo Fisher Scientific Inc.
Key Players:
Some
of the prominent players in the global protein sequencing market are
Proteome Factory, Bioinformatics Solutions, Charles River Laboratories,
Agilent Technologies, Inc., Rapid Novor Inc., Selvita, SGS, Shimadzu
Corporation, Thermo Fisher Scientific Inc., and Waters Corporation.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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