Protein Sequencing Market Trends and Analysis by Application, Vertical, Region, and Segment Forecast to 2029
This report presents a fact-based view of the protein sequencing sector to help companies respond to market shifts and uncover growth potential.
How Large Will The Protein Sequencing Market Be By 2025?
The protein sequencing market size has grown rapidly in recent years. It will grow from $1.7 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to research demand, medical diagnostics, pharmaceutical development, agricultural applications, forensic analysis, biomarker discovery, and genetic evolution studies.
The protein sequencing market size is expected to see strong growth in the next few years. It will grow to $2.67 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to clinical genomics integration, expanded agricultural genomics, drug safety and pharmacogenomics, prenatal and newborn screening, and environmental DNA analysis. Major trends in the forecast period include growing demand for next-generation sequencing, increasing applications in clinical diagnostics, and rising investments in genomics research, expanding use in personalized medicine.
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What Are Key Factors Driving The Demand In The Global Protein Sequencing Market?
The rise in genetic illness is expected to propel the growth of the protein sequencing market going forward. A genetic illness refers to any disease or disorder that is caused by abnormalities or mutations in an individual’s genetic material, generally their DNA. The rise in genetic illness is caused due to genetic mutations that can occur spontaneously or be inherited from parents. Protein sequencing can help identify specific genetic variants responsible for causing diseases thereby helping identify protein biomarkers, which are molecules indicative of a particular disease state or physiological condition. For instance, in April 2023, according to the United States National Library of Medicine, a US-based medical library, the total number of new genetic tests in the United States in 2021 was approximately 1000 tests which increased to around 3000 tests in 2022. Therefore, the rise in genetic illness is driving the growth of the protein sequencing market.
Comparative Analysis Of Leading Protein Sequencing Market Segments
The protein sequencingmarket covered in this report is segmented —
1) By Product And Service: Protein Sequencing Products; Protein Sequencing Services
2) By Application: Bio-Therapeutics; Genetic Engineering; Other Applications
3) By End User 3: Pharmaceutical And Biotechnology Companies; Other End-Users
Subsegments:
1) By Protein Sequencing Products: Sequencing Kits; Reagents; Instruments; Consumables
2) By Protein Sequencing Services: Custom Protein Sequencing; Analytical Protein Sequencing; Bioinformatics Services; Proteomics Services
What Are The Upcoming Trends Of Protein Sequencing Market In The Globe?
Major companies operating in the protein sequencing market are developing advanced technology products that are upgraded, such as sequencing kits, to gain a competitive edge in the market. Sequencing kits are collections of reagents, chemicals, and materials required to prepare samples and conduct sequencing experiments. For instance, in February 2024, Quantum-Si, a US-based protein sequencing company, launched Protein Sequencing Kit V2, an enhancement for its Platinum protein sequencing platform. It offers increased sequencing performance with assay improvements, including the addition of a new amino acid recognizer, as well as the ability to identify unknown proteins through advanced analytical and inference tools. These upgrades provide increased sequencing performance, the ability to identify unknown proteins, high reproducibility, and a three-fold reduction in cost per amino acid.
Who Are The Prominent Players In The Protein Sequencing Business?
Major companies operating in the protein sequencing market are F Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck KGaA, Eurofins Scientific SE, Illumina Inc., Beckman Coulter Inc., PerkinElmer Inc., BGI Group, LGC Limited, GenScript Biotech Corporation, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., GENEWIZ Inc., Quintara Biosciences Inc., Source BioScience plc, Microsynth AG, Fasteris SA, GenHunter Corporation, Nucleics Pty Ltd., SciGenom Labs Pvt Ltd., StarSEQ GmbH, GATC Biotech AG, Agilent Technologies Inc., CeMIA SA
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Which Region Is Expected To Lead The Protein Sequencing Market By 2025?
North America was the largest region in the protein sequencing market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the protein sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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