India Protein Labeling Market Size & Outlook, 2023-2030
India protein labeling market, 2018-2030 (US$M)
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India protein labeling market highlights
- The India protein labeling market generated a revenue of USD 66.5 million in 2023 and is expected to reach USD 167.1 million by 2030.
- The India market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Protein labeling market data book summary
| Market revenue in 2023 | USD 66.5 million |
| Market revenue in 2030 | USD 167.1 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents, Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, PerkinElmer, Promega, Roche Holding AG, LGC Group, New England Biolabs, GE HealthCare Technologies Inc Common Stock, LI-COR, Jena Bioscience |
Other key industry trends
- In terms of revenue, India accounted for 2.7% of the global protein labeling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China protein labeling market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 167.1 million by 2030.
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Protein Labeling Market Scope
Protein Labeling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 63.91% in 2023. Horizon Databook has segmented the India protein labeling market based on reagents, kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
Companies & organizations are undertaking several initiatives to increase awareness of proteomics across India. For instance, in May 2023, researchers in the Department of Biological Sciences & Bioengineering at the Indian Institute of Technology Kanpur (IIT-K) revealed a regulatory mechanism for an essential category of drug targets called G Protein-coupled Receptors (GPCRs).
This discovery is important for understanding the fundamental mechanisms of cellular signaling within the body. Moreover, it can potentially streamline novel drug discovery processes for various disease conditions. Moreover, the government is undertaking initiatives to accelerate drug approvals, which is expected to boost the market in the coming decade.
For instance, the government is offering incentives to local manufacturing facilities and has decreased import taxes on devices made in India. The “Made in India” initiative has led to changes in regulations, and life science companies are being encouraged to develop the domestic industry rather than importing products from other countries. Furthermore, the Indian government focuses on expanding affordable healthcare facilities in the country. This has propelled the growth of the life sciences sector in India.
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Our clientele includes a mix of protein labeling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India protein labeling market , including forecasts for subscribers. This country databook contains high-level insights into India protein labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India protein labeling market size, by product, 2018-2030 (US$M)
India Protein Labeling Market Outlook Share, 2023 & 2030 (US$M)
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