(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "Protein Detection and Quantification market by Technology, by Product, by Application, by End-User, and By Region" report has been added to ResearchAndMarkets.com's offering.
An extensive analysis of the Protein Detection and Quantification Market reveals a promising growth trajectory, with an estimated value of USD 2.72 billion in 2023. This market is projected to expand to USD 7.10 billion by 2034, flourishing at a compound annual growth rate (CAGR) of 9.11% during the period from 2024 to 2034. This surge can be attributed to increasing investment in biotechnological and pharmaceutical research, the prevalence of chronic diseases, and strides in technological innovation. Technological Advancements Propel Market Growth
A key factor contributing to this market expansion is the introduction of advanced technologies that address the rising need for efficient and precise analysis tools in both clinical and research settings. The move towards automated and sensitive detection methods underscores the market's adaptation to the demand for high-throughput and reliable protein quantification platforms.
Colorimetric Assays Lead Market by Technology
The global preference for colorimetric assays in 2023 is due to their simplicity, economical price point, and high sensitivity. These attributes cement their status as a top choice in laboratories across the globe. The immunological methods segment is anticipated to grow rapidly, in line with the escalating requirement for intricate detection of proteins and biomarkers.
Drug Discovery and Clinical Diagnosis to Drive Application Segment
Drug discovery and development are primary domains benefiting from protein detection and quantification, given the significance of protein analysis in determining viable drug targets and appraising therapeutic impacts. Additionally, clinical diagnosis is set to witness a spry growth rate due to the emphasized focus on early detection and personalized medicine.
End-User Dynamics
Hospital and diagnostic centers are forecasted to maintain the top spot among end-users, a testament to the rising count of diagnostic tests and the imperative for accurate, expedient patient care. Contract research organizations are also expected to observe a steep growth curve due to the burgeoning demand for specialized research services.
Regional Market Insights
North America remains the dominant force in the market, with an elaborate setup of biotech and pharma industries coupled with substantial R&D investments. Meanwhile, the Asia Pacific region is poised for the fastest growth rate propelled by significant healthcare investments and an uptick in the occurrence of chronic ailments.
F uture Market Projections
The forecast period paints an optimistic picture with expanding market frontiers and growth potential. The diverse applications and end-users in the Protein Detection and Quantification Market are drawing attention to the vital role of this segment in the medical field. Market trends indicate a robust response to the increasing demand for evaluative and diagnostic tools, further fueling research and development efforts in the forthcoming years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value (USD) in 2023 | $2.72 Billion |
| Forecasted Market Value (USD) by 2034 | $7.1 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
Companies Featured
Thermo Fisher Scientific Agilent Technologies Bio-Rad Laboratories Merck KGaA Roche Diagnostics GE Healthcare PerkinElmer Luminex Corporation Abcam plc Promega Corporation MilliporeSigma Pierce Biotechnology (part of Thermo Fisher) QIAGEN Waters Corporation Biorad.
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Global Protein Detection and Quantification Market
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