Protein Characterization and Identification Market Size [2031]

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Protein Characterization and Identification Market Size [2031]

Protein Characterization and Identification Market Size [2031]

Segments - Protein Characterization and Identification Market by Type (Instruments, Consumables, and Services), Application (Drug Discovery, Development, Clinical Diagnosis, and Others), End-use (Pharmaceuticals & Biotechnology Companies, Academic Research Institutes, Contract Research Organizations, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

Protein Characterization and Identification Market Outlook 2031

The global protein characterization and identification market size was USD 13.98 Billion in 2022 and is likely to reach USD 34.10 Billion by 2031, expanding at a CAGR of 10.6% during 2023–2031. The market is driven by advancement in proteomics technologies.

Increasing requirement of protein characterization and analysis in the biopharmaceutical industry for drug development is anticipated to boost the market during the assessment period. The trend in personalized medicine has been rising in the recent years. Formulation of these medicines requires precise protein identification to create tailored treatment for the patients. Surge in the development of such medicines with the advancement of medical technology is anticipated to boost the market in the coming years.

As per the data updated by the Centers for Disease Control and Prevention in May 2022, personalized medicine or precision medicine is highly effective and helps doctors find unique treatments for managing various disease risks. The precision health approach helps with improved prediction, treatment, prevention, and management of disease.

Protein Characterization and Identification Market Outlook

Biomarkers plays a crucial role in diagnostics, leading to high demand for protein identification techniques. Focus of the pharmaceutical industry on developing drugs is projected to significantly increase the need for protein characterization and identification. Collaborations and partnerships between research institutions and biotech companies is further expected to stimulate the protein characterization and identification market.

The COVID-19 pandemic boosted the market, due to the scarcity of precision medicines for the treatment of infection and post treatment of patients. Demand for innovative treatment plans that prove to be more effective than conventional ones was high during the pandemic. This created a lucrative opportunity for the market growth.

Impact of Artificial Intelligence (AI) in Protein Characterization and Identification Market

The use of artificial intelligence-based algorithms has revolutionized the field of proteomics by facilitating the identification of proteins from mass spectrometry data. These algorithms rapidly and accurately identify distinct features that separate correct from incorrect identifications by leveraging complex computational models and machine learning techniques, thereby improving the speed and precision of protein identification.

This approach has proven particularly useful in large-scale proteomic studies, where the sheer volume of data makes traditional manual analysis methods time-consuming. Hence, AI-based protein identification has emerged as a valuable tool in the quest to understand the complex biological processes that underly human health and disease.

Protein Characterization and Identification Market Dynamics

Major Drivers

Increasing applications of proteomics in food science and agriculture is expected to drive the market during the projection period. Proteomics is a promising field in agriculture and food science, which provides valuable insights into biological processes. Researchers are studying proteins to develop genetically modified crops with desirable traits, such as disease resistance, drought resistance, and increased nutrient content. This is likely to provide considerable propulsion to the market in the coming years.

As per survey data published in December 2022, a substantial rise has been registered in the total acreage of land involved in the farming of genetically modified crops worldwide between 2003 and 2019. It accounted for 67.7 million hectares in 2003; however, the acreage of land used for this farming rose to 190.4 million hectares by 2019.

Existing Restraints

High cost of the devices is likely to hamper the market during the forecast period. Modern protein characterization techniques such as X-ray crystallography, NMR spectroscopy, cryo-electron microscopy, and molecular spectrometry incur large amounts of installation and maintenance charges. This makes them unaffordable for small- to medium-scale research establishments and laboratories. This is projected to impede the market during the assessment period.

Emerging Opportunities

Rising investment in R&D of biotechnology and pharmaceutical companies is anticipated to provide substantial growth opportunities for the market growth. Protein characterization has been valuable in the development of pharmaceutical and biological products, allowing for the discovery of viable candidates for drug research. The biopharmaceutical industry has been expanding at an unprecedented growth rate in recent years.

Various governments around the world are increasing funding for research to ensure the rapid development of biotechnology in their countries. This is expected to create lucrative prospects in the market during the projection period.

Scope of the Protein Characterization and Identification Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Protein Characterization and Identification Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type (Instruments, Consumables, and Services), Application (Drug Discovery, Development, Clinical Diagnosis, and Others), and End-use (Pharmaceuticals & Biotechnology Companies, Academic Research Institutes, Contract Research Organizations, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	Thistle Scientific; Thermo Fisher Scientific Inc.; Shimadzu Corporation; Sartorius AG; PerkinElmer Inc.; Merck KGaA; Danaher Corporation; Bio-Rad Laboratories, Inc.; Analytik Jena GmbH+Co. KG; and Agilent Technologies, Inc.

Protein Characterization and Identification Market Segment Insights

Type Segment Analysis

Based on type, the protein characterization and identification market is divided into instruments, consumables, and services. The consumables segment is projected to hold a major share of the market during the projection period, they save a lot of time and cost associated with the preparation and measurement of protein samples.

Consumables are available in various formats and sizes, making them easy to adapt to different research needs, thereby providing flexibility in conducting the experiments. Consumables, such as reagents, pre-packaged columns, and kits, facilitate a standard platform for protein analysis and are likely to register substantial growth in the forecast period.

Protein Characterization and Identification Market Type

Application Segment Analysis

On the basis of application, the global market is segregated into drug discovery, development, clinical diagnosis, and others. The drug discovery segment is projected to expand at a high CAGR during the forecast period, as it facilitates the precise identification of target proteins for the development of drugs.

Protein characterization leads to the identification of biomarkers, which aids in the diagnosis of the disease and formulation of personalized medicine. Increasing prevalence of ailments as a result of unhealthy modern lifestyles and eating habits is anticipated to boost the market in the coming years.

Protein Characterization and Identification Market Application

End-use Segment Analysis

On the basis of end-use, the protein characterization and identification market is segmented into pharmaceuticals & biotechnology companies, academic research institutes, contract research organizations, and others. The pharmaceuticals & biotechnology companies segment is anticipated to expand at a robust growth rate during the forecast period, owing to the increasing focus on personalized approach to medicine and precision therapeutics.

Proteomics provides a means to analyze individual patient samples for disease-specific protein biomarkers. This allows for tailored treatments based on a patient's unique protein profile, potentially improving treatment outcomes and reducing adverse effects. This is anticipated to create lucrative prospects in the market in the assessment period.

Regional Outlook

In terms of region, the global protein characterization and identification market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the presence of several market players in the region.

Rise in R&D activities in proteomics in recent years in this region is boosting the market. Significant funding is availed by government organizations to promote breakthrough technologies. This is likely to create lucrative prospects for the regional market growth.

The market in Europe is projected to grow at a significant pace, due to the advanced medical and biomedical infrastructure in this region. Other factors contributing to the market growth in this region include the rise in awareness of precision healthcare and the presence of several proteomics companies in the region. Additionally, the formation of favorable government policies and regulations contributes to the propulsion of this market in the region.

Protein Characterization and Identification Market Region

Segments

The protein characterization and identification market has been segmented on the basis of

Type

Instruments
Consumables
Services

Application

Drug Discovery
Development
Clinical Diagnosis
Others

End-use

Pharmaceuticals & Biotechnology Companies
Academic Research Institutes
Contract Research Organizations
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Thistle Scientific
Thermo Fisher Scientific Inc.
Shimadzu Corporation
Sartorius AG
PerkinElmer Inc.
Merck KGaA
Danaher Corporation
Bio-Rad Laboratories, Inc.
Analytik Jena GmbH+Co. KG
Agilent Technologies, Inc.

Competitive Landscape

Key players competing in the global protein characterization and identification market are Thistle Scientific; Thermo Fisher Scientific Inc.; Shimadzu Corporation; Sartorius AG; PerkinElmer Inc.; Merck KGaA; Danaher Corporation; Bio-Rad Laboratories, Inc.; Analytik Jena GmbH+Co. KG; and Agilent Technologies, Inc.

These companies implement various development strategies, such as acquisitions, collaborations, product launches, mergers, partnerships, and production expansions, to expand their consumer base worldwide. For instance,

In 2021, Thermos Fisher Scientific, one of the prominent market players, completed the acquisition of Life Sciences Analytical Services (LSAS). The latter is one of the key providers of proteomics services. This acquisition is intended to aid Thermos Fisher Scientific in expanding its market value in the field of proteomics.

Protein Characterization and Identification Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protein Characterization and Identification Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Protein Characterization and Identification Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Protein Characterization and Identification Market - Supply Chain
  4.5. Global Protein Characterization and Identification Market Forecast
     4.5.1. Protein Characterization and Identification Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Protein Characterization and Identification Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Protein Characterization and Identification Market Absolute $ Opportunity
5. Global Protein Characterization and Identification Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Protein Characterization and Identification Market Size and Volume Forecast by Types
     5.3.1. Instruments
     5.3.2. Consumables
     5.3.3. Services
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Protein Characterization and Identification Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Protein Characterization and Identification Market Size and Volume Forecast by Applications
     6.3.1. Drug Discovery
     6.3.2. Development
     6.3.3. Clinical Diagnosis
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Protein Characterization and Identification Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Protein Characterization and Identification Market Size and Volume Forecast by End Users
     7.3.1. Pharmaceuticals & Biotechnology Companies
     7.3.2. Academic Research Institutes
     7.3.3. Contract Research Organizations
     7.3.4. Others
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Protein Characterization and Identification Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Protein Characterization and Identification Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Protein Characterization and Identification Demand Share Forecast, 2019-2026
9. North America Protein Characterization and Identification Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Protein Characterization and Identification Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Protein Characterization and Identification Market Size and Volume Forecast by Types
     9.4.1. Instruments
     9.4.2. Consumables
     9.4.3. Services
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Protein Characterization and Identification Market Size and Volume Forecast by Applications
     9.7.1. Drug Discovery
     9.7.2. Development
     9.7.3. Clinical Diagnosis
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Protein Characterization and Identification Market Size and Volume Forecast by End Users
     9.10.1. Pharmaceuticals & Biotechnology Companies
     9.10.2. Academic Research Institutes
     9.10.3. Contract Research Organizations
     9.10.4. Others
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Protein Characterization and Identification Demand Share Forecast, 2019-2026
10. Latin America Protein Characterization and Identification Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Protein Characterization and Identification Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Protein Characterization and Identification Market Size and Volume Forecast by Types
     10.4.1. Instruments
     10.4.2. Consumables
     10.4.3. Services
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Protein Characterization and Identification Market Size and Volume Forecast by Applications
     10.7.1. Drug Discovery
     10.7.2. Development
     10.7.3. Clinical Diagnosis
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Protein Characterization and Identification Market Size and Volume Forecast by End Users
     10.10.1. Pharmaceuticals & Biotechnology Companies
     10.10.2. Academic Research Institutes
     10.10.3. Contract Research Organizations
     10.10.4. Others
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Protein Characterization and Identification Demand Share Forecast, 2019-2026
11. Europe Protein Characterization and Identification Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Protein Characterization and Identification Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Protein Characterization and Identification Market Size and Volume Forecast by Types
     11.4.1. Instruments
     11.4.2. Consumables
     11.4.3. Services
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Protein Characterization and Identification Market Size and Volume Forecast by Applications
     11.7.1. Drug Discovery
     11.7.2. Development
     11.7.3. Clinical Diagnosis
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Protein Characterization and Identification Market Size and Volume Forecast by End Users
     11.10.1. Pharmaceuticals & Biotechnology Companies
     11.10.2. Academic Research Institutes
     11.10.3. Contract Research Organizations
     11.10.4. Others
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Protein Characterization and Identification Demand Share Forecast, 2019-2026
12. Asia Pacific Protein Characterization and Identification Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Protein Characterization and Identification Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Protein Characterization and Identification Market Size and Volume Forecast by Types
     12.4.1. Instruments
     12.4.2. Consumables
     12.4.3. Services
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Protein Characterization and Identification Market Size and Volume Forecast by Applications
     12.7.1. Drug Discovery
     12.7.2. Development
     12.7.3. Clinical Diagnosis
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Protein Characterization and Identification Market Size and Volume Forecast by End Users
     12.10.1. Pharmaceuticals & Biotechnology Companies
     12.10.2. Academic Research Institutes
     12.10.3. Contract Research Organizations
     12.10.4. Others
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Protein Characterization and Identification Demand Share Forecast, 2019-2026
13. Middle East & Africa Protein Characterization and Identification Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Protein Characterization and Identification Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Protein Characterization and Identification Market Size and Volume Forecast by Types
     13.4.1. Instruments
     13.4.2. Consumables
     13.4.3. Services
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Protein Characterization and Identification Market Size and Volume Forecast by Applications
     13.7.1. Drug Discovery
     13.7.2. Development
     13.7.3. Clinical Diagnosis
     13.7.4. Others
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Protein Characterization and Identification Market Size and Volume Forecast by End Users
     13.10.1. Pharmaceuticals & Biotechnology Companies
     13.10.2. Academic Research Institutes
     13.10.3. Contract Research Organizations
     13.10.4. Others
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Protein Characterization and Identification Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Protein Characterization and Identification Market: Market Share Analysis
  14.2. Protein Characterization and Identification Distributors and Customers
  14.3. Protein Characterization and Identification Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Thistle Scientific
     14.4.2. Thermo Fisher Scientific Inc.
     14.4.3. Shimadzu Corporation
     14.4.4. Sartorius AG
     14.4.5. PerkinElmer Inc.
     14.4.6. Merck KGaA
     14.4.7. Danaher Corporation
     14.4.8. Bio-Rad Laboratories, Inc.
     14.4.9. Analytik Jena GmbH+Co. KG
     14.4.10. Agilent Technologies, Inc.