The rapid increase in research and development expenditure by pharmaceutical and biotech companies, growing proteomics and biologics market, and availability of government funding will be the most important growth drivers for protein characterization market in the forecast period (2012–2019).

Moreover, high growth in emerging economies, technological advancements in field of instrumentation technologies, and increasing application in biomarker identification will further drive the demand for protein characterization products.

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The global protein characterization market was valued at $1,569.00 million in 2014and poised to grow at a CAGR of 10.63% between 2012and 2019, to reach $2,600.28 million in 2019.

This report segments the global protein characterization and identification market by application, end user, product, and geography. The application segments included in this report are clinical diagnosis; drug discovery & development; and other applications. The end-user segments included in this report are academic research institutes, biotechnology and pharmaceutical companies, and contract research organizations. The product segments included in this report are instruments; consumables; and services. The instruments product segment is further sub segmented into chromatography instruments; electrophoresis instruments; label-free detection instruments; mass spectrometry; spectroscopy instruments; and other protein characterization instruments. The consumables segment is sub segmented into chromatography consumables; electrophoresis consumables; immunoassay consumables; and other consumables. The services segment is further subsegmented into ELISA and western blotting; impurities detection; peptide mapping; and other protein characterization and identification services.

Geographic analysis reveals that North America accounted for the largest share of the global protein characterization and identification market in 2014, due to increasing funding for proteomics research. The Asia regional segment, on the other hand, is expected to register a double-digit growth from 2014 to 2019 owing to increasing research and development activities in this region.

The major players in protein characterization market include Agilent Technologies (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corp. (U.S.), Danaher Corp. (U.S.), GE Healthcare (U.K.), Perkin Elmer (U.S.), Shimadzu Corp. (Japan), Sigma-Aldrich Corp. (U.S.), Thermo Fisher Scientific (U.S.), and Waters Corp. (U.S).