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Drug Discovery and Development, and Emerging Economies in Asia are New Revenue Pockets for Players in the Protein Characterization and Identification Market
The drug discovery and development application segment will be an important revenue pocket of the protein characterization and identification market in the forecast period (2014 - 2019). The drug discovery and development applications segment is expected to grow at the highest CAGR between 2012 and 2019. Protein characterization and identification find application in research in the investigation of defective proteins in development of new drug and quality control throughout the development pipeline of protein therapeutics. Furthermore, protein characterization and identification products are used to identify new biomarkers for cancers; these biomarkers act as key diagnostic targets for various types of cancers. Biomarkers can also be used for devising novel and personalized therapies for diseases like cancer.
North America accounted for the largest share of the global protein characterization and identification market in 2013. However, the Asian market is expected to grow at the highest rate during the forecast period and represents new revenue pockets for the protein characterization and identification market. Growth in the Asia regional segment is likely to be centered on China and India. The growth in the Chinese and Indian economies and increasing drug discovery initiatives will be a major driver for growth in the Asian protein characterization and identification market. The Asian segment is also expected to witness a steady year-on-year growth, due to the increase in private equity and venture capital investments in the field of biotechnology in Asia-Pacific region.
Protein Characterization and Identification Market by Instruments (Chromatography, Electrophoresis, Mass Spectroscopy), Consumables & Services, Application (Clinical Diagnosis, Drug Discovery & Development), & by End Users - Global Forecast to 2019
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