February 28, 2024
Protein Sequencing Market

Protein Sequencing Market Growth Accelerated by Advancing Next Generation Sequencing Technology

Protein sequencing is a technique used to determine the order of amino acids in a protein. Proteins play crucial roles in various cellular functions, such as enzymes catalyzing metabolic reactions and transporting molecules from one location to another. Understanding the sequence of amino acids in a protein helps reveal insights into its structure and function. Advancements in next generation sequencing (NGS) technology have accelerated protein sequencing activities. NGS enables rapid sequencing of entire genomes and proteomes. The global Protein Sequencing Market is estimated to be valued at US$ 1.9 Bn in 2023 and is expected to exhibit a CAGR of 30% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The adoption of NGS technology has been a major trend boosting the protein sequencing market. NGS allows cost-effective, high-throughput sequencing of entire genomes and proteomes. It has significantly improved speed, throughput and data quality compared to Sanger sequencing. Using NGS, entire genomes or proteomes can now be sequenced within a few days at a lower cost. Leading players are focusing on developing advanced NGS platforms tailored for protein sequencing applications. For instance, Thermo Fisher Scientific launched the Ion Torrent Proton system for accelerated exome and whole human genome sequencing. Growing availability of such technologically advanced and affordable NGS platforms is expected to drive increased proteome analyses and protein sequencing activities over the forecast period.

Segment Analysis
The global protein sequencing market is dominated by protein identification and proteome profiling segments. Protein identification segment holds the largest share in the market owing to increasing application of protein sequencing in drug discovery, biomarker discovery, and molecular diagnostics. It helps identify the presence and amount of proteins in complex biological samples, thus propelling demand for protein sequencing in protein identification.

Key Takeaways
The Global Protein Sequencing Market Demand is expected to witness high growth.

Regional analysis: North America is expected to dominate the global protein sequencing market during the forecast period owing to increasing investments in proteomics research, technological advancements in sequencing technologies, and higher adoption of protein sequencing techniques in the region.

Key players related content comprises Key players operating in the protein sequencing market are Stratasys Ltd., 3D Systems Corporation, HP Inc., General Electric Company, Materialise NV, Proto Labs Inc., Voxeljet AG, ExOne Company, Autodesk Inc., Siemens AG, EOS GmbH, Renishaw plc, SLM Solutions Group AG, Carbon Inc., Desktop Metal Inc.
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Source: Coherent Market Insights, Public sources, Desk research
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