Protein Sequencing Market is expected to be Flourished by Growing Adoption of Personalized Medicine2/6/2024 Protein sequencing refers to the process of determining the amino acid sequence, or order, of proteins. Advancements in protein sequencing technology have enabled better understanding of protein structure and function. Most commonly used protein sequencing techniques include Edman degradation and mass spectrometry. Protein sequencing finds applications in various areas such as disease diagnosis, drug discovery and development, and agriculture. With increasing focus on personalized healthcare, protein sequencing is increasingly being used to understand the molecular basis of various diseases at the individual level and develop targeted treatment approaches. The global protein sequencing market is estimated to be valued at US$ 2.19 Bn in 2024 and is expected to exhibit a CAGR of 30.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: Growing adoption of personalized medicine is expected to drive the protein sequencing market over the forecast period. Personalized medicine relies on understanding the molecular drivers of diseases in individual patients to develop targeted treatment approaches. Protein sequencing helps decode the proteome of healthy and diseased cells, which in turn provides insights into disease mechanisms and potential therapeutic strategies. Furthermore, advancements in mass spectrometry techniques such as high-resolution MS have enabled sequencing of whole proteomes in a high-throughput manner, fueling their adoption in biomedical research. Growing R&D investments by biopharmaceutical companies as well as government agencies to develop novel precision medicines is also expected to boost demand for protein sequencing technologies over the coming years. Segment Analysis Protein Sequencing Market is segmented into instruments, reagents and consumables, and software and services. The reagents and consumables segment is dominating the market and holds around 60% of the total market share. The dominance of this segment is attributed to the recurring requirement of reagents and consumables for conducting protein sequencing experiments. Further, the limited shelf life of reagents creates repetitive demand, thereby fuelling the growth of this segment. PEST Analysis Political: The growing government funding for proteomics research is positively impacting the protein sequencing market. Several governments are supporting research activities related to biomarker development and drug discovery using protein sequencing techniques. Economic: Rise in personalized medicines, cost-effectiveness of protein sequencing over DNA sequencing and growth in research activities outsourcing are major drivers of protein sequencing market growth. Social: Increasing awareness about applications of protein sequencing in disease diagnosis and drug discovery is contributing to the market growth. Technological: Technological advancements in mass spectrometry and next generation sequencing platforms are expanding potential applications of protein sequencing, thereby accelerating market revenues. Key Takeaways The global Protein Sequencing Market Growth is expected to witness high growth during the forecast period of 2024-2031. In 2024, North America dominated the regional analysis, primarily due to increasing R&D investments by biopharmaceutical companies and growing proteomics research in the region. Key players operating in the protein sequencing market are Stratasys Ltd., 3D Systems Corporation, HP Inc., General Electric Company, Materialise NV and Proto Labs Inc. Key players are focusing on product launches and collaborations to strengthen their market position. For more insights, read- https://www.pressreleasebulletin.com/protein-sequencing-market-size-and-share/ For more details on the report, Read- https://techaxen.com/game-engines-powering-the-future-of-gaming/
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