Rising Demand from various medical and pharmaceutical sectors, such as drug expansion and detection, agricultural and ecological research, and medical diagnosis is bolstering the growth in the global protein characterization and identification market. Solutions delivered by the players and manufacturers in the global protein characterization and identification market are applied in a variety of end use industry verticals, such as biotechnology, pharmaceutical, contract research organization, and academic research institutes. Increasing funding from governments for advancing field of proteomics is also expected to favor the development of the global protein characterization and identification market in coming years.
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Rapid increase in the research and development activities as well as rising expenditure by pharmaceutical and biotech companies aimed at research and development activities is fueling growth in the global protein characterization and identification market in coming years. However, lack of skilled and competent workforce needed for proteomics procedures may hinder the growth in the global protein characterization and identification market in coming years. On the other hand, rising proteomics as well as biologics industries and frequent and easy availability of government funding are two of the essential drivers for the expansion of the global protein characterization and identification market.
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Regionally, North America is anticipated to amount for the largest share in the global protein characterization and identification market in coming years. This trend can be attributed to increasing government funding for advancing the proteomics research as well as increasing demand for high quality analytical tools for protein analysis. Some of the major players and manufacturers functional within the global protein characterization and identification market are Danaher Corp., Sigma Aldrich Corp., Agilent Technologies, GE Healthcare, Thermo Fisher Scientific Corp., Bio Rad Laboratories, Perkin Elma, Waters Corp., Bruker Corp., and Shimadzu Corp., among others.