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Protein Chip Market Global Enhancements and Growth Outlook 2030

SanyuktaK

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A detailed quantitative analysis of the current trends and future estimations from 2020 to 2030, which assist to identify the prevailing protein chip market opportunities.

Protein Chip Market Global Enhancements and Growth Outlook 2030

Protein chips, also called protein microarrays, are miniature and parallel systems. Amount of protein purified in high density form. The global protein chip market was valued at $652.8 million in 2020 and is projected to reach $1,367.1 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.

The chip consists of a supporting surface such as a glass slide, nitrocellulose membrane, beads, or microtiter plate to which an array of capture proteins is bound. Probe molecules specifically labeled with a fluorescent dye are attached to the array. Protein microarrays are rapid, automated, cost-effective, and highly sensitive, using minimal amounts of samples and reagents. The high-throughput technology behind protein microarrays is relatively easy to develop because it is based on technology developed for DNA microarrays, which have become the most widely used microarrays. This technology is used to track the interactions and activities of proteins and determine their function on a large scale.

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There are two major types of protein chips: analytical protein chip and functional protein chip. Functional protein chips differ from analytical chips in that functional protein arrays are composed of arrays containing full-length functional proteins or protein domains. These protein chips are used to study the biochemical activities of the entire proteome in a single experiment. They are used to study numerous protein interactions such as protein-protein, protein-DNA, protein-RNA, protein-phospholipid and protein-small molecule interactions.

Impact of Covid-19 on Protein Chips Market

The outbreak of Covid-19 has positively impacted the global protein chip market. Protein microarrays are in high demand from diagnostics laboratories due to Covid-19. In 2020, the U.S. In, a digital protein microarray platform for rapid multiplex quantification of cytokines from critically ill COVID-19 patients recruited to the intensive care unit (ICU) at the University of Michigan, a personalized strategy guided by rapid cytokine assays. In April 2020, China developed a SARS-CoV-2 proteome microarray containing 18 of 28 predicted proteins and applied it to characterize the IgG and IgM antibody responses of 29 recovered patients. These responses provide insights to aid in the development of effective diagnostic, therapeutic and vaccination strategies. These developments are expected to fuel the growth of the protein chip market.

The protein chip market is segmented on the basis of technology, application, end user, and region. By technology, it is divided into analytical microarrays, functional protein microarrays, and reverse phase protein microarrays. The application segment includes diagnostics, proteomics, and antibody characterization. The end user segment includes hospitals & clinics, diagnostic laboratories, academic & research institutes, and pharmaceutical & biotechnological companies. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America dominated the protein chip market in 2020, owing to established protein chip laboratories and research centers in the region. However, Asia-Pacific is expected to register highest CAGR, in terms of revenue during the forecast period, owing to increase in demand for protein microarray assays along with surge in awareness. Rapid development in protein chip assays and cost-effectiveness of the test are expected to boost growth of the market in other regions.

Segment Review

By Technology: The analytical microarray segment accounted for the largest share of the protein chip market in 2020 and is expected to continue this trend over the forecast period.

By Application: The antibody characterization segment accounted for the largest share of the protein chip market in 2020 and is expected to continue this trend over the forecast period. This is attributed to reduced biological sample volume, higher sensitivity/specificity, and larger data generation.

By End User: The educational and research institutes segment is the major contributor expected to account for the largest share during the forecast period.

Key Benefits of Protein Chip Market:

A detailed quantitative analysis of the current trends and future estimations from 2020 to 2030, which assist to identify the prevailing protein chip market opportunities.
An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
Region wise and country wise market conditions are comprehensively analyzed in this report.
The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Key market players within the Global protein chip Market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the market.

Key Market Players: