Protein sequencing plays a vital role in analyzing proteins and helps in developing treatments for various diseases. Protein sequencing analyzes the order of amino acids in a protein and provides insights into biological functions and mechanisms of cells and organisms. It supports drug discovery, development of personalized medicine and molecular diagnostics. The global Protein Sequencing Market is estimated to be valued at US$ 1.9 Bn in 2023 and is expected to exhibit a CAGR of 30% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The Protein Sequencing Market is witnessing strong growth supported by increasing demand for proteomics tools for disease research. Proteomics tools such as mass spectrometry and next generation sequencing are widely used in protein sequencing. These tools provide high throughput proteomics analysis and comprehensive protein profiling. Growing adoption of advanced proteomics tools for clinical research is expected to boost the demand for protein sequencing over the forecast period. For instance, mass spectrometry allows rapid, high resolution identification and quantification of proteins involved in various biological pathways and disease mechanisms. This is supporting research in precision medicine, biomarker discovery and development of novel therapeutics. Rising applications of proteomics will thus drive the need for protein sequencing capabilities.

SWOT Analysis
Strength: The protein sequencing market witnesses high demand from biopharmaceutical and biotechnology companies for drug discovery. It helps in understanding disease mechanisms at the molecular level.

Weakness: Protein sequencing equipment requires high capital investment and operational costs. Accuracy of sequencing results depends on sample purity and preparation techniques.

Opportunity: Rising R&D expenditure on proteomics research for developing personalized medicines and diagnostics offers lucrative growth opportunities. Increasing genome projects would necessitate sequencing of various proteins.

Threats: Presence of cheaper bioinformatics tools for functional proteomics limits the demand for costly protein sequencing equipment. Intense competition among existing players hampers pricing flexibility.

Key Takeaways

The Global Protein Sequencing Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: Asia Pacific is expected to grow at highest CAGR during the forecast period. This is attributed to improving research infrastructure, mounting healthcare spending, and expanding patient pool in China and India.

Key players
Key players operating in the protein sequencing market are Stratasys Ltd., 3D Systems Corporation, HP Inc., General Electric Company, Materialise NV, Proto Labs Inc., Voxeljet AG, ExOne Company, Autodesk Inc., Siemens AG, EOS GmbH, Renishaw plc, SLM Solutions Group AG, Carbon Inc., Desktop Metal Inc.

For more details on the report, Read- https://www.ukwebwire.com/protein-sequencing-market-demand-share-analysis/