According
to a new market research report published by Inkwood Research, Global Protein
Sequencing Market is estimated to project a CAGR of 6.47% during the
forecasting years of 2020-2028.
"Browse 39 Market Data Tables and 44 Figures spread over 147 Pages, along with an in-depth TOC on the Global Protein Sequencing Market Forecast 2020-2028.”
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Protein sequencing provides information regarding the amino acids that
constitute a protein. While the sequencing process is performed, amino acids
are consecutively removed from the n-terminal end of the protein strand and
identified in the order they occur in the protein.
Growing
Focus on Target-Based Drug Development
Since the last few years, a growing number
of findings based on proteomics have boosted innovative drug development.
Moreover, many drugs have been developed with an emphasis on single protein
target. A target is generally a single gene, gene product, or molecular
mechanism towards disease prognosis. The target-based drugs frequently modulate
the function of the proteins, or total inhibition in the case of pathogens.
Besides, protein sequencing has been primarily adopted by big pharma and
biotech. However, the newest technologies are becoming accessible, and are
being developed mostly even in academic research and small biotech. The next
generation of modern drug designers is emerging, which is expected to propel
the growth of the market in the coming years.
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Reagents
and Consumables led the Product and Service Segment
Different kinds of reagents, along with
consumables, are required while performing protein sequencing. The reagents
used for protein sequencing are an amino acid mixture, buffers, chromatography
reagents, buffers, enzymes, and many others. It is compulsory to specify
changes in protein abundance relative to those of the system for improving the
understanding of the functions of individual proteins and their critical role
in biological systems. Hence, current proteomics has shifted from its preliminary
qualitative outlook and presently incorporates a range of quantitative and
qualitative approaches and technologies. Due to the rise in the complexities of
both qualitative and quantitative analysis, the field of proteomics demands
more advanced analytical technologies, sample preparation techniques, and
software solutions.
The Asia
Pacific is Evaluated to Record the Highest CAGR
The Asia Pacific region is estimated to be
the fastest-growing market during the forecast period. The market analysis of
the region includes the study of the countries such as India, China, South
Korea, Thailand, Vietnam, Japan, Indonesia, and the rest of the Asia Pacific.
The region possesses high growth potential, owing to an increase in focus on the
biotechnology industry and a rise in demand for drug discovery.
The protein sequencing market is
consolidated due to the presence of limited major players. Shimadzu
Corporation, Agilent Technologies Inc, Water Corporation, etc. are some of the
major companies operating in the market. The growing demand for bioinformatics
and computational in protein sequencing methods is boosting the demand for
protein sequencing.
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