Proteomics Market: A Significant Contributor, Accounting for 6.0% in the Global Omics Market
In 2022, the global proteomics market generated around US$30.8 billion in revenue, set to grow at a CAGR of 17.6% and reach US$181.5 billion by 2033. Reagents and kits are expected to dominate, reaching a value of US$18.4 billion by 2023. Proteomics Market contributes to 6.0% of the global omics market, valued at approximately US$514.3 billion in 2022. Market growth is driven by the prevalence of target diseases, increased demand for personalized medicine, and advancements in diagnostics. Factors such as innovative peptide development for virus combat and the rising incidence of chronic diseases further contribute to market expansion. The market is anticipated to exhibit high growth, reflecting a dynamic landscape with a focus on individualized treatment strategies. Market drives Proteomics Market: Increasing Demand for Personalized Medicine: The growing emphasis on personalized medicine is driving the demand for proteomics, as it plays a crucial role in understanding individual variations in protein expression and post-translational modifications. Advancements in Mass Spectrometry Technology: Technological advancements, particularly in mass spectrometry, have improved the sensitivity, resolution, and throughput of proteomic analyses. This has enhanced the capabilities of proteomics research and is driving market growth. Rising Incidence of Chronic Diseases: