The global protein chip market has been flourishing as the prevalence of chronic diseases and demand for treatment continues to be high. The evolution of the healthcare sector has been the greatest influencer for the rapid changes in the protein chip market. The growing need for improved disease monitoring and clinical diagnostics is expected to boost the market for the protein microarray method. This single experiment allows for a wide range of analyses, which has been its unique selling point. According to Fairfield Market Research’s preliminary findings, the global protein chip market stands to benefit from the high prevalence of cancer, which has a global occurrence and impact.
The global protein chip market has also benefitted from the outbreak of COVID-19 as diagnostics have become imperative in containing the pandemic. This will make functional analysis a lucrative area of growth as interest in identifying protein-virus interactions through varied testing methods gains prominence.
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Cancer to Underpin Growth of Global Protein Chip Market
According to the World Health Organization (WHO), there were more than 19 million new cancer cases in 2020 and about 10 million deaths in the same year. It remains the key cause of shortened life expectancy worldwide. These glaring statistics are likely to be the important drivers for the protein chip market as this chip is critical for efficient diagnosis. They allow fast and easy diagnostic with parallel tracking of several protein-to-protein interactions, targets, small molecules, substrates of protein kinases, and protein-phospholipid interactions. The wide scope of protein chips will make it an essential tool in the field of molecular biology and biochemistry. Additionally, the growing sector of personalized medicine will also efficiently employ protein chip techniques, predicts Fairfield Market Research.
Proteomics Emerges as Leading Application in Global Protein Chip Market
As of 2019, proteomics was the leading application area for protein chips and it is expected to remain so in the coming years as well. Its usage in biomedical research and drug discovery is expected to make it the highest revenue generator. Proteomics is being deployed for superficial fluid chromatography, chromatography, x-ray crystallography, protein fractionation, spectroscopy, surface plasmon resonance, and electrophoresis. A strong preference for proteomics is due to its ability to offer accurate analysis of in-vivo outcomes. This has given the technique a permanent place in the study of tumour resistance mechanisms, research of disease pathogenesis, and therapeutic developments.
North America and Europe Expected to be Frontrunners in Global Protein Chip Market
North America is expected to maintain dominance in the global protein chip market between the years 2021 and 2026. Well-established biotech companies in the region are expected to bring in tremendous investment in the research and development of innovative technology. Meanwhile, Europe too will show a positive outlook as the rise of cancer and COVID-19 will prompt swift action. Analysts anticipate, Asia Pacific to follow this development closely as protein chip adoption for diagnostics will emerge as the most lucrative opportunity.
Some of the key players shaping the competitive landscape in the global protein chip market Sigma Aldrich Corporation, Affymetrix, Inc., Biacore, SEQUENOM, Inc., Illumina, Inc., Agilent Technologies, HTS Biosystems, EMD Millipore, Life Technologies Corporation, Lumicyte, and Ciphergen Biosystems.
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The global Protein Chip Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Protein Chip Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/protein-chip-market/download-sampleMarket DynamicsThe protein chip market is expected to observe significant growth during the forecast period.
The protein chip market is predicted to exhibit steady growth in the next few years due to a rise in research and development activities for further improvement.
Emphasis must be laid on protein quality as the quality of the resultant protein chip will depend on it.
Despite initiatives taken by market players, there is less availability of protein owing to the low production of reliable protein.
