Global Protein Labeling Market Size & Outlook, 2023-2030
Global protein labeling market, 2018-2030 (US$M)
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Global protein labeling market highlights
- The global protein labeling market generated a revenue of USD 2,428.9 million in 2023 and is expected to reach USD 4,269.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.4% by 2030.
- In terms of segment, reagents accounted for a revenue of USD 1,544.5 million in 2023.
- Kits is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,428.9 million |
| Market revenue in 2030 | USD 4,269.7 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Kits |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents, Kits, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 41.8% of the global protein labeling market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 29.9 million by 2030.
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Protein Labeling Market Scope
Protein Labeling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global protein labeling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protein labeling market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 63.59% in 2023. Horizon Databook has segmented the Global protein labeling market based on reagents, kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
One of the most important factors driving the protein labeling market is rise in proteomics research and development investments for new product development and improvements in existing products. Furthermore, proteomics application in the domains of mass spectrometry and protein microarray are witnessing an increase. Large-scale proteomics and genomics research is propelling biomarker discovery that is anticipated to play a crucial role in diagnosis of conditions such as cancer, congestive heart failure, and myocardial infarction.
Advent of innovative technologies like improvements in mass spectrometry workflows and miniaturization of biochips also drives proteomics applications. Increase in the number of drugs in R&D pipeline supplements the usage of proteomics research. This can be attributed to the increased R&D spending in the pharmaceutical industry.
Moreover, the expanding scope of personalized medicine and targeted therapies has amplified the importance of deciphering the proteome & the complete set of proteins in a biological system. Proteomics provides valuable insights into the diverse and dynamic nature of proteins, aiding in the identification of biomarkers for disease diagnosis, prognosis, and treatment monitoring.
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Our clientele includes a mix of protein labeling market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global protein labeling market , including forecasts for subscribers. This global databook contains high-level insights into Global protein labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global protein labeling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Protein labeling market size, 2023 (US$M)
Global protein labeling market share, by product, 2023 & 2030 (%, US$M)
Protein labeling market: Opportunity assessment by country
Global protein labeling market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 647.2 | 701.0 | 770.4 | 863.8 | 936.1 | 1,014.2 | 1,098.5 | 1,189.7 | 1,288.2 | 1,394.6 | 1,509.4 | 1,633.2 | 1,766.6 | 8.3% |
| Europe | 461.9 | 493.2 | 534.9 | 592.4 | 634.4 | 679.9 | 729.1 | 782.3 | 840.0 | 902.4 | 970.0 | 1,043.4 | 1,122.8 | 7.4% |
| Asia Pacific | 377.1 | 402.2 | 437.2 | 486.9 | 526.2 | 571.1 | 622.3 | 680.9 | 748.1 | 825.3 | 914.2 | 1,016.8 | 1,135.5 | 10.3% |
| Latin America | 84.9 | 88.4 | 93.6 | 101.3 | 106.3 | 111.8 | 117.8 | 124.4 | 131.7 | 139.8 | 148.7 | 158.5 | 169.3 | 6.1% |
| MEA | 40.5 | 41.9 | 44.2 | 47.6 | 49.7 | 51.9 | 54.5 | 57.2 | 60.2 | 63.5 | 67.1 | 71.1 | 75.4 | 5.5% |
| Overall | 1,611.5 | 1,726.8 | 1,880.2 | 2,092.0 | 2,252.7 | 2,428.9 | 2,622.2 | 2,834.6 | 3,068.2 | 3,325.6 | 3,609.4 | 3,922.9 | 4,269.7 | 8.4% |
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