The Global Protein Chip Market size is expected to reach $1,292.55 million by 2027, rising at a market growth of 9.11% CAGR during the forecast period.
Protein Chip Market refers to the miniaturized & parallel assay systems, which consists of less quantities of purified proteins in a high-density format. Protein Chip Market is also called protein microarrays. It enables the simultaneous determination of a wide range of analytes from less quantity of samples under a single experiment. In addition, this Protein Chip Market comprises a support surface like bead, a glass slide, nitrocellulose membrane, or microtiter plate, on which a range of capture proteins is bound. Moreover, probe molecules that are generally labeled with a fluorescent dye are included in the array.
Further, Protein Chip Market is economical, automated, rapid, and more sensitive, using lesser number of samples and reagents. These protein microarrays have high-throughput technology behind them, which is comparatively simple to develop as it is based on technology made for DNA microarrays that have been broadly utilized microarrays. Additionally, this technology is utilized to monitor interactions & activities of proteins and to specify their function on a large scale.
The outbreak of the COVID-19 pandemic has positively impacted the Protein Chip Market. It is because there is a high demand for Protein Chip Markets from diagnostics laboratories. People infected with COVID-19 need to undergo several tests to find out the body's vitals. The Protein Chip Market assists in the identification of proteins and the way the virus infects them, by offering them complete body check-ups.
During the initial phase of the pandemic, several governments have invested a lot in the R&D activities to study its effects and develop some treatments as well as the vaccines. During the research phase, Protein Chip Markets have offered great support to the scientist and research labs in understanding the impact of the virus on the human body and developing a way to minimize these effects and treat patients.
Chronic disease is the term used for a group of diseases including cardiovascular diseases, cancer, diabetes and others. There is a rise in the number of chronic diseases among the population across the globe. It is caused majorly due to the sedentary lifestyle, unhealthy diet, and consumption of tobacco. According to WHO, Cancer is one of the top reasons behind death across the world that is approximately 10 million deaths in 2020. Among the total number of deaths due to cancer, approx. 70% of deaths were reported in low- and middle-income countries.
There are many biotech companies which are increasing their investment in R&D activities to develop and improve different medications, procedures, and medical tools. In addition, the increase in research activities is estimated to surge the demand for Protein Chip Markets in the market as they are highly utilized in various procedures. Protein Chip Markets are majorly utilized in determining protein activities and functionalities. In addition, the significant utility of these chips in the identification of post-translational modifications (PTMs) is fueling the Protein Chip Markets in proteomics research. Thus, the demand for Protein Chip Markets would augment in the coming years.
There are many complexities attached to the usage of Protein Chip Markets by researchers. The challenge of producing proteins in a high-throughput way would hinder the growth of the Protein Chip Market during the forecast period. It is a scientific approach for experiments that include the automation of screening the activities against the biological targets. However, the quality of protein used in these experiments can impact the results and thus, restrict its usage among the customers.
On the basis of technology, the Protein Chip Market is segmented into analytical microarrays, functional protein microarrays, and reverse-phase protein microarrays. The analytical microarray segment dominated the Protein Chip Market in 2020 by obtaining the highest revenue share and is estimated to showcase the similar kind of trend even during the forecast period.
By application, the Protein Chip Market is divided into diagnostics, proteomics, and antibody characterization. Among these, the antibody characterization segment acquired a significant revenue share of the market in 2020 and is anticipated to maintain this trend over the forecast period. It is owing to the benefits of these chips, which include more sensitivity/specificity, decrease in biological sample volume, and huge data generation.
Based on end-user, the Protein Chip Market is classified into hospitals & clinics, academic & research institutes, diagnostic laboratories, and pharmaceutical & biotechnological companies. The academic & research institutes segment is projected to garner the maximum market share over the forecast period.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 682.4 Million |
| Market size forecast in 2027 | USD 1,292.5 Million |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 9.1% from 2021 to 2027 |
| Number of Pages | 228 |
| Number of Tables | 360 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | End User, Technology, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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By region, the Protein Chip Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2020, North America emerged as the leading region in the Protein Chip Market due to the well-established and reputed Protein Chip Market laboratories and research centers across the region.
Free Valuable Insights: Global Protein Chip Market size to reach USD 1,292.5 Million by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Thermo Fisher Scientific, Danaher Corporation, Bio-Rad Laboratories are the forerunners in the Protein Chip Market. Companies such as Merck Group, Illumina Inc., Perkin Elmer, and Agilent Technologies are some of the key innovators in Protein Chip Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Thermo Fisher Scientific, Inc., RayBiotech Life, Inc., Quotient limited, Danaher Corporation, Arrayit Corporation, Merck Group, and Illumina, Inc.
By End User
By Technology
By Application
By Geography
The protein chip market size is projected to reach USD 1,292.55 million by 2027.
Growing cases of chronic diseases, particularly cancer are driving the market in coming years, however, complications associated with Protein Chip Market limited the growth of the market.
Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Thermo Fisher Scientific, Inc., RayBiotech Life, Inc., Quotient limited, Danaher Corporation, Arrayit Corporation, Merck Group, and Illumina, Inc.
The expected CAGR of the protein chip market is 9.1% from 2021 to 2027.
The Academic & Research Institutes market dominated the Global Protein Chip Market by End User in 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 8.5 % during the forecast period.
The North America market dominated the Global Protein Chip Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $565.8 million by 2027.
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