Protein Chip Market expected to generate around USD 6,298 million by 2025, at a CAGR of around 17.61% between 2019 and 2025

Global Protein Chip Market
Global Protein Chip Market

The Global Protein Chip Market is expected to generate around USD 6,298 million by 2025, at a CAGR of around 17.61% between 2019 and 2025. A protein chip or protein array is a high-performance method for detecting proteins, investigating protein functions, and monitoring their amount of expression

The COVID-19 outbreak has had a positive effect on the Global protein chip market. COVID-19 has increased the demand for protein microarrays in diagnostic laboratories. In the United States in the year 2020, a digital protein microarray platform for rapid multiplex quantification of cytokines from critically ill COVID-19 patients admitted to the intensive care unit (ICU) at the University of Michigan Hospital aided in the development of a personalized strategy guided by rapid cytokine assays. In April 2020, China created a SARS-CoV-2 proteome microarray containing 18 of 28 predicted proteins and used it to characterize the IgG and IgM antibody responses of 29 convalescent patients. These responses contribute to the development of efficient diagnostic, therapeutic, and immunization strategies. These developments are anticipated to stimulate market expansion.

The market for Protein Chips – Key Drivers

Gene expression-based protein chips are frequently employed to comprehend the fundamental biology of diverse organisms. In addition, it is anticipated that the developed nations, with their advanced healthcare facilities and equipment, will stimulate demand for protein chips in the coming years.

On the other hand, there are a number of constraints that are anticipated to limit growth opportunities in the global market, particularly in terms of high-throughput protein production. Essentially, it is a method involving scientific experimentation and automated screening for activity against biological targets. In addition, the quality of the protein plays a crucial role in determining the quality of the protein microarray results.

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Additionally, changes in the microenvironment have a significant effect on proteins. During the forecast period, the low production of dependable and consistent proteins is likely to further restrict expansion opportunities in the protein chip market. On the other hand, increasing government support is anticipated to generate new growth impulses in the global market.

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Introduction

An array of capture proteins are attached to a support surface such as a glass slide, nitrocellulose membrane, bead, or microtiter plate. Probe molecules, typically fluorescently dye-labeled, are added to the array. Protein microarrays are rapid, automated, cost-effective, highly sensitive, and consume minute amounts of samples and reagents. Since it is based on technology developed for DNA microarrays, which have become the most widely used microarrays, developing high-throughput technology for protein microarrays is relatively simple. This technology is utilised to monitor the interactions and activities of proteins in order to determine their function on a large scale.

Protein Chip Industry Division

The market for protein chips is segmented by technology, application, end user, and region. It is divided into analytical microarrays, functional protein microarrays, and reverse phase protein microarrays based on the technology used. Diagnostics, proteomics, and antibody characterization are included in the application segment. The end user segment consists of hospitals and clinics, diagnostic laboratories, academic and research institutions, and pharmaceutical and biotechnology firms. The market is analysed geographically across North America, Europe, Asia-Pacific, and LAMEA.

Segment Review

In terms of technology, the analytical microarray segment dominated the protein chip market in 2020, and this trend is anticipated to continue during the forecast period.

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On the basis of application, antibody characterization held the largest share of the protein chip market in 2020, and this trend is anticipated to continue during the forecast period. This is attributable to advantages such as a reduction in biological sample volume, high sensitivity/specificity, and the generation of vast amounts of data.

The segment of academic & research institutes is anticipated to hold the largest market share during the forecast period.

Region Segment Review

In terms of geography, North America dominated the protein chip market in 2020, due to the region’s established protein chip laboratories and research centers. Nonetheless, Asia-Pacific is anticipated to record the highest CAGR in terms of revenue during the forecast period, owing to an increase in demand for protein microarray assays as well as a rise in public awareness. Rapid advancements in protein chip assays and the affordability of the test are anticipated to stimulate market expansion in other regions.

Raybiotech Inc, Illumina Inc, Quotient Limited, Agilent Technologies, Thermofisher Scientific, Perkin Elmer, Bio-Rad Laboratories, Danaher Corporation, Merck KGGA, and Arrayit Corporation are among the leading companies profiled in the protein chip market report.

Constant changes in lifestyle have led to a significant increase in the incidence of various diseases in recent years. In the coming years, it is also anticipated that the expansion of the global market will be fueled by the enhancement of the quality of healthcare services. In the near future, the opportunities for growth in the global market will also be fueled by an increase in knowledge about personalized medicines and the use of advanced technology in diagnostic tests.

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