Lucintel's latest market report analyzed that protein characterization and identification provides attractive opportunities in pharmaceutical & biotechnology companies, academic research institutions, and contract research organizations. The protein characterization and identification market is expected to reach $30.3 billion by 2028 with a CAGR of 13.4%. In this market, consumables is the largest segment by product and service, whereas Pharmaceutical &bioend use industry companies is largest by end use industry.
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Based on product and service, the protein characterization and identification market is segmented into consumables, instruments, and services. The consumables segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing need for quick, accurate, and reliable detection of diseases.
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The Protein Characterization and Identification Market is marked by the presence of several big and small players. Some of the prominent players offering protein characterization and identification include Thermo Fisher, Danaher, Merck, Agilent, and Waters.
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