Large Molecule Bioanalytical Technologies Market Size, Share And Growth Analysis For 2024-2033
The Business Research Company’s Large Molecule Bioanalytical Technologies Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, June 20, 2024 /EINPresswire.com/ -- The large molecule bioanalytical technologies market has grown rapidly in recent years, expanding from $8.9 billion in 2023 to $10.19 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. This growth in the historic period can be attributed to increased investment in biotechnology research, the growth of proteomics research, advancements in high-throughput screening, and the increased adoption of next-generation sequencing and single-cell analysis.
The market is expected to continue its rapid growth, projected to reach $17.59 billion by 2028 at a CAGR of 14.6%. The forecast period's growth is driven by increasing demand for biopharmaceuticals, growing investment in life sciences research, rising demand for point-of-care testing, the increasing prevalence of chronic diseases, and the growing demand for biologics and biosimilars.
Role Of Large Molecule Bioanalytical Technologies In Personalized Healthcare
The rising focus on personalized medicine is expected to propel the growth of the large molecule bioanalytical technologies market going forward. Personalized medicine involves adapting medical treatment and healthcare decisions to each patient's unique traits, such as genetic makeup, biomarkers, lifestyle, and environmental factors, to maximize efficacy and reduce side effects. Factors including individual variability in disease susceptibility, a shift towards value-based healthcare, and the prioritization of patient-centered care propel the rising focus on personalized medicine. Large-molecule bioanalytical technologies are used in drug development to characterize the pharmacokinetics and pharmacodynamics of large-molecule drugs, such as monoclonal antibodies or gene therapies.
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Major Players and Market Trends
Major companies operating in the large molecule bioanalytical technologies market include Thermo Fisher Scientific Inc., Danaher Corporation, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Charles River Laboratories International Inc., Intertek Group plc, Shimadzu Corporation, Bio-Rad Laboratories Inc., Qiagen N.V., HORIBA Ltd., SCIEX, Bio-Techne Corporation, Hamilton Company, Promega Corporation, Verder Group, Solvias AG, Analytik Jena AG, Genedata AG, Wyatt Technology Corporation, Nanalysis Corporation, Avomeen Analytical Services, Cergentis B.V., Halo Labs Inc., Hitachi High-Technologies Corporation, and Precision NanoSystems Inc.
Advancements In Fourier Transform Infrared Spectroscopy For Large Molecule Bioanalysis
Major companies in the large molecule bioanalytical technologies market are developing advanced technologies such as Fourier transform infrared (FTIR) spectroscopy to enhance the analysis and characterization of large molecules. FTIR spectroscopy is a technique used to determine the chemical structure of biomolecules.
Segments:
1. By Product And Services: Products, Services
2. By Technology: Chromatography, Mass Spectrometry, Enzyme-Linked Immunosorbent Assay, Electrophoresis, Polymerase Chain Reaction, Western Blot, Flow Cytometry, Spectrometer, Other Technologies
3. By Application: Biologics, Oligonucleotide Derived Drugs And Molecules, Viral Vector, Cell And Gene Therapy, Nanoparticles And Polymers, Disease Diagnosis, Other Applications
Geographical Insights: North America Leading the Market
North America was the largest region in the large molecule bioanalytical technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the large molecule bioanalytical technologies market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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Large Molecule Bioanalytical Technologies Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Large Molecule Bioanalytical Technologies Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on large molecule bioanalytical technologies market size, large molecule bioanalytical technologies market drivers and trends, large molecule bioanalytical technologies market major players, competitors' revenues, market positioning, and market growth across geographies. The large molecule bioanalytical technologies market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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