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The Peptide Microarray Market size was estimated at USD 830.83 million in 2023 and is expected to reach USD 1245.37 million by 2032 with a growing CAGR of 4.6% during the forecast period of 2024-2032.
Peptide microarrays are a reliable tool for tracking binding activity, histone-modifying enzymes, and protein linkage function on a wide scale in proteomics and clinical assays. The increased incidence of cancer and technological advancements are the key elements driving the industry's global expansion. Because of the development in chronic diseases, there has been a surge in the demand for molecular diagnostic tools in recent years. Furthermore, peptide microarray diagnostic techniques are inexpensive, which encourages industrial growth.
DRIVERS
Increasing adoption for peptide microarrays to collects the large data in a single experiment
Rising usage of peptide microarrays to collect massive amounts of data in a single experiment is one of the key drivers of the peptide microarrays market. Furthermore, peptide microarrays are cost-effective, which is an advantage for low and middle-income countries. Peptide microarrays can be used to profile a patient's immune response to altering humoral during illness progression.
Rising Cancer Incidence
The key forces driving the global market under research are the rising prevalence of cancer and technological advancement. Furthermore, the rising prevalence of chronic diseases will drive the peptide microarray market.
RESTRAIN
Market Growth Was Restricted Due to Reimbursement Issues
However, payment issues are expected to stymie business growth. Understanding COVID-19's role in the SARS-CoV-2 infection pathway is critical for developing effective therapies. Proteomics is well-equipped with the methodologies required to handle this problem.
OPPORTUNITY
Less in economy
The peptide microarray is less prevalent in the economy, and there is a growing awareness of personalized medicine, which may serve as a driving force in the expansion of the worldwide peptide microarray market.
CHALLENGES
The lack of healthcare coverage, as well as the technological complexity involved with peptide microarray technology
Between Russia and Ukraine, global pharma and medtech sales are less than 3%, thus the impact on enterprises globally is not particularly severe. The difficulties stem from being able to fly items above airspace, for example. There is the higher expense of doing so, as well as the macroeconomic inflation caused by the war. Furthermore, some raw resources from Russia, ranging from natural gas to precious metals, are used in the production process, particularly on the device side. We must consider alternatives to those materials as well as the economic implications of doing so. Aluminum, titanium, nickel, iron, and gas are all important components in surgical and orthopedic devices and implants. If the supply base of those commodities is substantially disrupted, which it will be, that creates a difficulty in an environment already constricted by the epidemic.
IMPACT OF ONGOING RECESSION
The ongoing recession has reduced the available hospitals’ funds, including reimbursement rates, donations, and income. Furthermore, hospitals' patient care losses grew as a result of less ambulatory care and elective procedures. Furthermore, income from non-patient care activities fell following the economic downturn. All of these variables contributed to an increase in out-of-pocket and informal payments. Hospital closures, admitting fewer patients with acute diseases, limiting drug prescription, and forcing patients to source consumables and drugs from outside the hospital have all resulted in an indirect rise in patients' financial burden.
By Type
Instruments
Reagents
Services
The Services segment dominated during the forecast period due to a number of specialized companies provide microarray service options. Outsourcing this application may reduce time and effort while also providing access to specialist technical skills and facilities for diversifying microarray-based research. Researchers can benefit from specialized screening of a wide number of diverse targets and indicators using these services.
By Application
Disease Diagnostics
Protein Functional Analysis
Antibody Characterization
Drug discovery
In 2022, the Disease Diagnostics segment is expected to dominate the market growth of 54.8% during the forecast period owing to the increasing complexity of chronic diseases is expected to increase the demand for early disease diagnosis in hospitals, resulting in a greater usage of diagnostic capabilities, including peptide microarrays. According to the American Cancer Society, the expected prevalence of new cancer cases in 2022 was 1.9 million, with 609,360 cancer-related deaths in the United States. The most common cancers in the United States were breast, lung, prostate, and colon cancer.
By End User
Pharmaceutical & Biotechnology Companies
Hospitals & Clinics
Diagnostic Centers
Others
In 2022, the pharmaceutical & biotechnology companies segment is expected to dominate the market growth of 55.9% during the forecast period due to many big corporations are investing in research and development to produce products and services for the early detection and management of chronic diseases. As a result, enterprises are adopting enhanced microarray technologies, boosting the global microarray market.
North America held a significant market share of 47.9% in 2022. The region's substantial contribution can be attributed mostly to enhanced healthcare facilities and increasing R&D spending. There is also a greater understanding among healthcare professionals and the general public regarding the early detection and treatment of chronic diseases, which improves diagnostic accuracy. The majority of the industry's key competitors are headquartered in North America, which drives market expansion even further.
Asia-Pacific is witness to expand fastest CAGR rate during the forecast period because of growing government backing in the healthcare business, increased awareness of antibody-based research, and the expansion of proteomics in the region. The frequency of chronic diseases has increased in Indonesia, and the rising demand for fast and precise diagnosis can be met by microarrays, driving market expansion in the Asia Pacific region even further.
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are PEPperPRINT GmbH, RayBiotech Life, Inc., Creative Biolabs, Aurora Instruments Ltd., Kinexus Bioinformatics Corp., Pfizer Inc., Microarrays Inc., Bio-Rad Laboratories, JPT Peptide Technologies, Merck KGaA, Innopsys, and Others.
In June 2022, Ariceum Therapeutics raised EUR 25 million in Series A funding to advance its principal asset, Satoreotide, for the diagnosis of low- and high-risk neuroendocrine tumors.
In May 2022, Pfizer Inc. and Biohaven Pharmaceutical Holding Company Ltd announced a definitive agreement under which Pfizer will acquire Biohaven, the maker of NURTEC ODT, an innovative dual-acting migraine therapy approved for both acute treatment and episodic migraine prevention in adults.
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Report Attributes |
Details |
|
Market Size in 2023 |
US$ 830.83 million |
|
Market Size by 2032 |
US$ 1245.37 million |
|
CAGR |
CAGR of 4.6% From 2024 to 2032 |
|
Base Year |
2023 |
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Forecast Period |
2024-2032 |
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Historical Data |
2020-2022 |
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Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
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Key Segments |
By Type (Instruments, Reagents, Services), By Application (Disease Diagnostics, Protein Functional Analysis, Antibody Characterization, Drug discovery), By End User (Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Diagnostic Centers, Others) |
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Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
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Company Profiles |
PEPperPRINT GmbH, RayBiotech Life, Inc., Creative Biolabs, Aurora Instruments Ltd., Kinexus Bioinformatics Corp., Pfizer Inc., Microarrays Inc., Bio-Rad Laboratories, JPT Peptide Technologies, Merck KGaA, Innopsys |
|
Key Drivers |
•Increasing adoption for peptide microarrays to collects the large data in a single experiment •Rising Cancer Incidence |
|
Market Challenges |
•The lack of healthcare coverage, as well as the technological complexity involved with peptide microarray technology |
North America segment is expected to hold the highest market share of 47.9% in 2023.
Increasing adoption for peptide microarrays to collects the large data in a single experiment
The growth rate of the Peptide Microarray market is expected to grow by USD 1245.37 million by 2032.
Peptide Microarray market size was valued at USD 830.83 million in 2023.
The Peptide Microarray market is anticipated to expand by 4.6% from 2024 to 2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Peptide Microarray Market Segmentation, By Type
8.1 Instruments
8.2 Reagents
8.3 Services
9. Peptide Microarray Market Segmentation, By Application
9.1 Disease Diagnostics
9.2 Protein Functional Analysis
9.3 Antibody Characterization
9.4 Drug discovery
10. Peptide Microarray Market Segmentation, By End User
10.1 Pharmaceutical & Biotechnology Companies
10.2 Hospitals & Clinics
10.3 Diagnostic Centers
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Peptide Microarray Market by Country
11.2.2North America Peptide Microarray Market by Type
11.2.3 North America Peptide Microarray Market by Application
11.2.4 North America Peptide Microarray Market by End User
11.2.5 USA
11.2.5.1 USA Peptide Microarray Market by Type
11.2.5.2 USA Peptide Microarray Market by Application
11.2.5.3 USA Peptide Microarray Market by End User
11.2.6 Canada
11.2.6.1 Canada Peptide Microarray Market by Type
11.2.6.2 Canada Peptide Microarray Market by Application
11.2.6.3 Canada Peptide Microarray Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Peptide Microarray Market by Type
11.2.7.2 Mexico Peptide Microarray Market by Application
11.2.7.3 Mexico Peptide Microarray Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Peptide Microarray Market by Country
11.3.1.2 Eastern Europe Peptide Microarray Market by Type
11.3.1.3 Eastern Europe Peptide Microarray Market by Application
11.3.1.4 Eastern Europe Peptide Microarray Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Peptide Microarray Market by Type
11.3.1.5.2 Poland Peptide Microarray Market by Application
11.3.1.5.3 Poland Peptide Microarray Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Peptide Microarray Market by Type
11.3.1.6.2 Romania Peptide Microarray Market by Application
11.3.1.6.4 Romania Peptide Microarray Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Peptide Microarray Market by Type
11.3.1.7.2 Turkey Peptide Microarray Market by Application
11.3.1.7.3 Turkey Peptide Microarray Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Peptide Microarray Market by Type
11.3.1.8.2 Rest of Eastern Europe Peptide Microarray Market by Application
11.3.1.8.3 Rest of Eastern Europe Peptide Microarray Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Peptide Microarray Market by Type
11.3.2.2 Western Europe Peptide Microarray Market by Application
11.3.2.3 Western Europe Peptide Microarray Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Peptide Microarray Market by Type
11.3.2.4.2 Germany Peptide Microarray Market by Application
11.3.2.4.3 Germany Peptide Microarray Market by End User
11.3.2.5 France
11.3.2.5.1 France Peptide Microarray Market by Type
11.3.2.5.2 France Peptide Microarray Market by Application
11.3.2.5.3 France Peptide Microarray Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Peptide Microarray Market by Type
11.3.2.6.2 UK Peptide Microarray Market by Application
11.3.2.6.3 UK Peptide Microarray Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Peptide Microarray Market by Type
11.3.2.7.2 Italy Peptide Microarray Market by Application
11.3.2.7.3 Italy Peptide Microarray Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Peptide Microarray Market by Type
11.3.2.8.2 Spain Peptide Microarray Market by Application
11.3.2.8.3 Spain Peptide Microarray Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Peptide Microarray Market by Type
11.3.2.9.2 Netherlands Peptide Microarray Market by Application
11.3.2.9.3 Netherlands Peptide Microarray Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Peptide Microarray Market by Type
11.3.2.10.2 Switzerland Peptide Microarray Market by Application
11.3.2.10.3 Switzerland Peptide Microarray Market by End User
11.3.2.11. Austria
11.3.2.11.1 Austria Peptide Microarray Market by Type
11.3.2.11.2 Austria Peptide Microarray Market by Application
11.3.2.11.3 Austria Peptide Microarray Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Peptide Microarray Market by Type
11.3.2.12.2 Rest of Western Europe Peptide Microarray Market by Application
11.3.2.12.3 Rest of Western Europe Peptide Microarray Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Peptide Microarray Market by Country
11.4.2 Asia-Pacific Peptide Microarray Market by Type
11.4.3 Asia-Pacific Peptide Microarray Market by Application
11.4.4 Asia-Pacific Peptide Microarray Market by End User
11.4.5 China
11.4.5.1 China Peptide Microarray Market by Type
11.4.5.2 China Peptide Microarray Market by Application
11.4.5.3 China Peptide Microarray Market by End User
11.4.6 India
11.4.6.1 India Peptide Microarray Market by Type
11.4.6.2 India Peptide Microarray Market by Application
11.4.6.3 India Peptide Microarray Market by End User
11.4.7 Japan
11.4.7.1 Japan Peptide Microarray Market by Type
11.4.7.2 Japan Peptide Microarray Market by Application
11.4.7.3 Japan Peptide Microarray Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Peptide Microarray Market by Type
11.4.8.2 South Korea Peptide Microarray Market by Application
11.4.8.3 South Korea Peptide Microarray Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Peptide Microarray Market by Type
11.4.9.2 Vietnam Peptide Microarray Market by Application
11.4.9.3 Vietnam Peptide Microarray Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Peptide Microarray Market by Type
11.4.10.2 Singapore Peptide Microarray Market by Application
11.4.10.3 Singapore Peptide Microarray Market by End User
11.4.11 Australia
11.4.11.1 Australia Peptide Microarray Market by Type
11.4.11.2 Australia Peptide Microarray Market by Application
11.4.11.3 Australia Peptide Microarray Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Peptide Microarray Market by Type
11.4.12.2 Rest of Asia-Pacific Peptide Microarray Market by Application
11.4.12.3 Rest of Asia-Pacific Peptide Microarray Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Peptide Microarray Market by Country
11.5.1.2 Middle East Peptide Microarray Market by Type
11.5.1.3 Middle East Peptide Microarray Market by Application
11.5.1.4 Middle East Peptide Microarray Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Peptide Microarray Market by Type
11.5.1.5.2 UAE Peptide Microarray Market by Application
11.5.1.5.3 UAE Peptide Microarray Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Peptide Microarray Market by Type
11.5.1.6.2 Egypt Peptide Microarray Market by Application
11.5.1.6.3 Egypt Peptide Microarray Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Peptide Microarray Market by Type
11.5.1.7.2 Saudi Arabia Peptide Microarray Market by Application
11.5.1.7.3 Saudi Arabia Peptide Microarray Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Peptide Microarray Market by Type
11.5.1.8.2 Qatar Peptide Microarray Market by Application
11.5.1.8.3 Qatar Peptide Microarray Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Peptide Microarray Market by Type
11.5.1.9.2 Rest of Middle East Peptide Microarray Market by Application
11.5.1.9.3 Rest of Middle East Peptide Microarray Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Peptide Microarray Market by Type
11.5.2.3 Africa Peptide Microarray Market by Application
11.5.2.4 Africa Peptide Microarray Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Peptide Microarray Market by Type
11.5.2.5.2 Nigeria Peptide Microarray Market by Application
11.5.2.5.3 Nigeria Peptide Microarray Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Peptide Microarray Market by Type
11.5.2.6.2 South Africa Peptide Microarray Market by Application
11.5.2.6.3 South Africa Peptide Microarray Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Peptide Microarray Market by Type
11.5.2.7.2 Rest of Africa Peptide Microarray Market by Application
11.5.2.7.3 Rest of Africa Peptide Microarray Market by End User
11.6 Latin America
11.6.1 Latin America Peptide Microarray Market by Country
11.6.2 Latin America Peptide Microarray Market by Type
11.6.3 Latin America Peptide Microarray Market by Application
11.6.4 Latin America Peptide Microarray Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Peptide Microarray Market by Type
11.6.5.2 Brazil Peptide Microarray Market by Application
11.6.5.3 Brazil Peptide Microarray Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Peptide Microarray Market by Type
11.6.6.2 Argentina Peptide Microarray Market by Application
11.6.6.3 Argentina Peptide Microarray Market by End User
11.6.7 Colombia
11.6.7.1 Colombia Peptide Microarray Market by Type
11.6.7.2 Colombia Peptide Microarray Market by Application
11.6.7.3 Colombia Peptide Microarray Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Peptide Microarray Market by Type
11.6.8.2 Rest of Latin America Peptide Microarray Market by Application
11.6.8.3 Rest of Latin America Peptide Microarray Market by End User
12. Company profile
12.1 PEPperPRINT GmbH
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Product/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 RayBiotech Life, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Creative Biolabs
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Aurora Instruments Ltd.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Kinexus Bioinformatics Corp.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Pfizer Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Microarrays Inc.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Bio-Rad Laboratories
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 JPT Peptide Technologies
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Merck KGaA
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Innopsys
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Cases and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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