Protein Chip Market is Poised for Remarkable Growth : Allied Market Research Forecasts USD 1.36 Billion Revenue By 2030

Protein Chip Market Statistics

The global protein chip market was valued at $652.8 million in 2020, and is projected to reach $1,367.1 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.

The protein chip (MS) technique is an analytical method employed to assess the mass-to-charge ratio of ions. This method primarily investigates the impact of ionizing energy on molecules, relying on chemical reactions occurring in the gas phase where sample molecules are consumed during the creation of ionic and neutral species.

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Segmentation Analysis

The academic and research institutes segment emerges as the primary driver of the protein chip market, poised to maintain its dominance throughout the forecast period. Conversely, the diagnostic laboratory segment is projected to exhibit the most substantial growth rate, fueled by the increasing adoption of protein chips in diagnostic applications.

Analytical microarrays technology stands out as the leading contributor to the protein chip market expansion, benefiting from its well-established presence and favored for its high throughput, cost-effectiveness due to minimal reagent consumption, multiplexing capabilities, and rapid kinetics.

Within applications, the antibody characterization segment takes the lead, capitalizing on advantages such as reduced biological sample volume requirements, heightened sensitivity and specificity, and the generation of extensive datasets.

In 2020, North America led the protein chip market with a significant contribution of approximately $295.20 million in total revenue, attributed to the presence of established protein chip laboratories and research centers in the region. However, the Asia-Pacific region is poised to witness the highest compound annual growth rate (CAGR) of 8.50% during the forecast period, driven by factors including a high prevalence of cancer cases and an aging population. Additionally, the increased adoption of protein microarrays in diagnostics is expected to further propel market growth.

Protein Chip Market Report Segmentation

By TECHNOLOGY
Analytical Microarrays
Functional Protein Microarrays
Reverse Phase Protein Microarrays

By APPLICATION
Diagnostics
Proteomics
Antibody Characterization

By END USER
Hospitals & Clinics
Diagnostic Laboratories
Academic & Research Institutes
Pharmaceutical & Biotechnological Companies

By Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, Australia, India, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Key Findings of the Study

• Depending on technology, the analytical microarrays protein chip segment was highest contributor with $369.9 million in 2020, and is expected to maintain the trend throughout the forecast period.
• By application, the diagnostics segment is expected to grow at a CAGR of 8.6% from 2020 to 2030.
• Region wise, Asia-Pacific is expected to exhibit highest CAGR of 10.8% during the forecast period.

Protein Chip Market Research Study Key Benefits

• This report provides a detailed quantitative analysis of the current trends and future estimations from 2020 to 2030, which assist to identify the prevailing protein chip market opportunities.
• An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
• A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
• Region wise and country wise market conditions are comprehensively analyzed in this report.
• The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
• An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
• Key market players within the Global protein chip Market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the market.

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