United States Protein Chips Market to Grow with Advancing Technology until 2027
Technological advancements in
medical sector are driving the growth of the United States Protein Chips Market,
in the forecast period, 2023-2027F.
According to TechSci Research report on, “United
States Protein
Chips Market - By Region, Competition
Forecast & Opportunities, 2027”,
United States protein chips market is anticipated to grow with an impressive
CAGR in the forecast period, 2023-2027 on the account of expanding healthcare
and pharmaceutical sector. Increasing demand for the protein analysis and
understanding of the protein functions for pharmaceutical development and
protein microarrays for biomarker analysis further drives the growth of the United
States protein chips market in the upcoming five years.
Also, increasing research and development of
therapeutics through protein interactions like protein–protein, protein–DNA,
protein–RNA, protein–phospholipid, and protein–small molecule interactions are
further anticipated to support the growth of the Untied States protein chips
market in the next five years.
Additionally, growing need for personalized
medicine for the increasing instances of chronic diseases are further
anticipated to aid the growth of the United States protein chips market in the
future five years. Higher prevalence of cancer in the population of the
country, including people of all ages and gender further aid the growth of the
Untied States protein chips market in the forecast years, until 2027.
Rapidly growing investments in the research and
development of the biotechnological products, genetic engineering, and
molecular biology, etc. further drive the growth of the United States protein
chips market in the forecast period.
Although
the technological advancement and product development support market growth,
the United States protein chips market may experience a mild restraint due to
high costs of protein analysis. To maintain the properties of protein, and keep
them from unstable conditions, is difficult and costs higher thus may have mild
constraint on the market growth.
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The United States protein chips market is segmented
by technology, application, end user, competitional landscape, and regional
distribution.
Based on technology, the market is further
differentiated into analytical microarrays, functional protein microarrays, and
reverse phase protein microarrays. Analytical microarrays are anticipated to
hold the largest revenue shares of the market and dominate the market segment
in the upcoming five years on the account of increasing demand for the protein
structural analysis.
Growing pharmaceutical application of protein
expression and understanding gene translation and expression for better
understanding of the protein & its functionality further drives the growth
of the United States protein chips market in the next five years.
Functional protein microarrays are anticipated to
register significant growth in the future five years on the ground of
increasing application of the technology for advanced diagnosis. Also,
increasing investments from the government and the private sectors are further
supporting the growth of the United States protein chips market in the forecast
years.
On the basis of application, the market segment is
bifurcated into diagnostics, proteomics, antibody characterization, and others.
Proteomics applications are anticipated to hold the largest revenue share of
the market and dominate the market segment in the upcoming five years on the
ground of increasing research and development.
Favorable government schemes and increased
investment also substantiates the growth of the United States protein chips
market in the next five years. Antibody characterization is expected to
register fastest growing CAGR value in the upcoming five years due to recent
pandemic situation and higher research over the COVID-19 virus and its action
course inside the body.
Development of the vaccine, medicines, and cure for
the infectious diseases is further anticipated to aid the fast growth of the
United States protein chips market in the forecast years, until 2027.
Diagnostics sub-segment is expected to hold significant market shares and grow
diligently in the next five years on the grounds of increasing demand for early
and efficient diagnosis of the deadly diseases, and infectious diseases.
Analyzing the microbes, and their gene translation
to understand microbiology of the diseases and thus obtain an effective drug to
counter the effects of the infection further leads the demand for the applications
of protein chips in advanced diagnostics and thus substantiates the growth of
the United States protein chips market in the forecast period.
A partial list of major market players of the United
States protein chips market includes:
·
Illumina Inc.
·
Thermo Fischer
Scientific, Inc.
·
PerkinElmer,
Inc.
·
Danaher
Corporation
·
Agilent
Technologies, Inc.
·
Bio-Rad
Laboratories, Inc.
·
Raybiotech
Inc.
·
Arrayit
Corporation
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“Academic centers and
research institutes are anticipated to lead the end user analysis of the market
and generate largest revenues in the upcoming five years. Increasing investment
in the healthcare sector, pharmaceutical development, research institutes, and
fundings for the advancement of the technologies to advance healthcare services
drive the growth of the market in the country. Government and private
investments support the increasing investment demands. Furthermore, rapidly
increasing chronic and infectious diseases in the country is also one of the
major reasons behind future growth of the market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United
States Protein Chips Market By Technology (Analytical Microarrays, Functional
Protein Microarrays, Reverse Phase Protein Microarrays), By Application
(Diagnostics, Proteomics, Antibody Characterization, Others), By End User
(Hospitals & Clinics, Diagnostic Laboratories, Academic & Research
Institutes, Others), By Region, Competition Forecast
& Opportunities, 2027” has evaluated the future
growth potential of United States protein chips market and provides statistics
& information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United States protein chips market.
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