Proteomics Market Overview
The proteomics market studied was anticipated to grow with a CAGR of nearly 15.3% during the forecast period. The factors driving the market growth include rising demand for personalized medicine, increasing R&D expenditure and government funding for proteomics, and technological advancements. These major drivers will continue to drive the biopharmaceutical industry’s pursuit of blockbuster drugs and the recent technological advances in the studies of genes and proteins. The identification of potential new drugs for the treatment of disease has been considered one of the most promising developments in the study of human genes and proteins.
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Proteomics Market – Geographical Overview
North America dominates the proteomics market and is expected to do the same in the forecast period
In North America, antibody-drug conjugates and protein therapeutics play a significant role in the treatment and diagnosis of diseases. This is a continuously evolving field with extensive research on novel and innovative next-generation therapeutics. More than a hundred modified therapeutic proteins are approved for clinical use in the region. Hundreds of protein therapeutics are in clinical trials for the treatment of cancer, immune disorders, infections, age-related diseases, and many other conditions. Besides, research on proteomics is at the highest in countries like the United States.
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Key Highlights of the Proteomics Market
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List of Key Players in the Proteomics Market
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Mordor Intelligence has segmented the global proteomics market on the basis of product & service, application, and geography:
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