LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global protein expression market to grow at a CAGR of close to 11% during the forecast period, according to their latest market research report.
The increasing importance of promotional activities is one of the major trends being witnessed in the global protein expression market 2018-2022. Emphasis is laid on improving distribution networks and increasing the availability of the products to end-users. Vendors are promoting the use of protein expression products through their websites to increase awareness about these products. To help end users, Thermo Fisher Scientific provides additional support material such as explanations of techniques through PDF documents, brochures, and interactive videos on YouTube.
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According to Technavio analysts, one of the key factors contributing to the growth of the global protein expression market is the increasing advances in proteomics research:
Global protein expression market: Increasing advances in proteomics research
The study of proteins and technology used to study proteins fall under the broad category of proteomics research. Studying proteins increases the understanding of post-translational modifications, thus, improving the knowledge of functional proteins. The number of initiatives to advance research on proteins is increasing.
According to a senior analyst at Technavio for research on life science research tools, “the field of proteomics is influenced by advances in molecular biology techniques such as next-generation sequencing, protein quantification, and mass spectrometry, which improved research on studies on proteomics and enhanced the understanding of the functioning of the human body. Globally, considerable efforts are made to combine proteomics and genomics into a unified field called “proteogenomics” to improve the understanding of disease mechanisms.”
Global protein expression market: Segmentation analysis
The global protein expression market research report provides market segmentation by products and services (products and services), by end-user (hospitals and clinics, ASCs, dialysis centers, and others), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the products and services segment, the products segment held the largest market share in 2017, contributing to over 55% of the market. The dominance of the segment can be due to the growing need to produce new drugs against the increasing prevalence of chronic illnesses.
The Americas held the largest share of the market in 2017, accounting for close to 41% share, followed by EMEA and APAC respectively. The dominance of the region can be attributed to the high demand for proteomics products from a strong biotechnology industry in the region.
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Market Landscape
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Market Sizing
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Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
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