Proteomics Market To Show Astonishing CAGR Of 13.5%, Due To Rising Demand For Personalized Medicine
Proteomics Industry Overview The global proteomics market size was valued at USD 22.30 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.5% from 2022 to 2030. Key factors driving the industry growth include growing demand for personalized medicines & advanced diagnostics in targeted disease treatment and the high prevalence of target diseases. Furthermore, increasing focus on product usage in drug designing, biomarker discoveries, and clinical diagnostics for the diagnosis and treatment of diseases will support the industry growth. The market growth is also favored by the protein research being conducted to treat COVID-19 patients. For instance, in June 2022, A novel class of synthetic peptides or mini-proteins has been developed by scientists at the Indian Institute of Science (IISc) Bangalore, and the researchers claim that it has the potential to neutralize viruses like SARS-CoV-2.Furthermor...