Genomic and Proteomic Tools Market: Introduction
· Genomics is defined as the study of the entire genetic makeup or complement of an organism. Proteomics is the study of proteins produced and modified within an organism or a system.
· Genomic and proteomic tools are used in the study of various genomic and proteomic research and assessment
· These tools aid in carrying out different processes to understand and analyze the genomics and proteomics from extraction to research and final results of a sample used
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Key Drivers and Opportunities of Global Genomic and Proteomic Tools Market
· Specific diseases that patients suffer from need to be studied and understood through the genetic makeup of the diseases. Hence, different kinds of research studies related to humans can be carried out by using the genomic and proteomic tools, as these tools aid a researcher to clearly understanding a disease from its base and genetic makeup. This increases the demand for genomic and proteomic tools across the globe.
· Rise in the number of cancer patients across the world is another factor driving the global market. According to the International Agency for Research on Cancer (IARC), around 19.3 million cancer cases have been recorded in 2020. This is likely to increase demand, as proteomic studies are carried out using genomics. Therefore, proteomic tools aid in understanding cancer in depth, which could lead to early screening and detection. The global genomic and proteomic tools market is driven by rise in prevalence of cancer and the need to understand and study it.
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North America to Capture Major Share of Global Genomic and Proteomic Tools Market
· The global genomic and proteomic tools market is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
· North America is expected to account for major share of the global genomic and proteomic tools market due to presence of well-established companies that are developing and providing genomic and proteomic tools and renowned research institutes that require genomic and proteomic tools for research of various diseases and the drugs that can be used.
· Europe is a prominent market for genomic and proteomic tools due rise in prevalence of cancer that requires an in-depth study using proteomic and genomic tools and increase in number of research activities that require genomic and proteomic tools
· The genomic and proteomic tools market in Asia Pacific is likely to grow at a rapid pace during the forecast period owing to rise in the number of genetic diseases and increase in research approaches to study genes
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Key Players Operating in Global Genomic and Proteomic Tools Market
The global genomic and proteomic tools market is consolidated due to the presence of small number of key players. These players hold major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global genomic and proteomic tools market.
Major players operating in the global genomic and proteomic tools market are:
· 3billion, Inc.
· Bio-Rad Laboratories, Inc.
· Lucigen Corp.
· Macrogen, Inc.
· Abbott
· Thermal Fisher Scientific, Inc.
· Bio-Synthesis, Inc.
· GE Healthcare
· QIAGEN NV
· Novogene Corp.
· Waters Corp.
· OriGene Technologies
· Takara Bio, Inc.
· Vela Diagnostics
· Other prominent players
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