Protein chip market is estimated to reach revenue of USD 3939.27 Million by 2022

Demand for increasing awareness of personalized medicine, development of efficient and advanced technologies and growing rate of cancer is paving the way for protein chip market growth; estimated to reach $3939.27m by 2022

According to the market research report “Protein Chip Market: By Technology (Analytical, Functional Protein and Reverse Phase Protein Microarray), By Application (Diagnostics, Proteomics, Protein Functional Analysis, Antibody Charactyerization) & By Region-Forecast (2016-2021)”, published by IndustryARC, estimates the market to reach $3939.27 million by 2022

Browse 19 Market Tables, 116 Figures spread through 162 Pages and an in-depth TOC on “Protein Chip Market (2016 – 2021)” – 

Protein Chip is a technique to track the activities of proteins by detecting protein, investigating protein function and interacting and monitoring their expression level. Protein chip consists of a surface such as microtiter wells, mass spectrometer plates, glass, membranes, and beads. Protein Chip technology has evolved significantly in a short period of time in the industry. Protein chips are having applications in the areas of diagnostics, proteomics, protein functional analysis, antibody characterization, and treatment development. The global market for Protein Chip is segmented based on technology, application and geography.

The total protein chip market was estimated to be $1,703m in 2016. Owing to the rise in technology, artificial intelligence is set to provide significant opportunities in the protein chip market. Protein chip employs two technologies namely analytical microarray, functional protein microarrays and reverse phase protein microarray. Analytical microarray technology has the major market share in terms of revenue in the protein chip market. Increasing government initiatives, growing rate of cancer patients and increase in the adoption of protein chip in emerging economies such as China, India and others are the key factors driving the protein chip market globally.

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Owing to the strong demand of the diagnosis techniques, North America including U.S., Canada and Mexico is dominating the Global market for Protein Chips. Europe is the second largest region to be served for this market followed by APAC because of the increase in adoption of protein chips in the emerging countries like China, India and Others. RoW region is estimated to witness faster growth after APAC in the estimated period.

The Key Players in this Market Include

  • Thermo Fisher Scientific

  • Agilent Technologies

  • F Hoffmann-La Roche Ltd

  • Illumina Inc.,

  • Bio-Rad Top five companies held more than 40% of the market share in 2016.

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