Protein characterization market worth $2.6 billion by 2019

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  • Published: Oct 29, 2014
  • Author: Jon Evans
  • Channels: Sample Preparation / Ion Chromatography / Detectors / Proteomics & Genomics / Gas Chromatography / Laboratory Informatics / Electrophoresis / HPLC

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The global protein characterization and identification market will be worth $2.6 billion in 2019, up from $1.569 billion in 2014, predicts a new report from MarketsandMarkets. Chromatography, electrophoresis and mass spectrometry are all important analytical technologies for protein characterization, with mass spectrometers taking the largest share of the protein characterization instrument market in 2014.

According to the report, much of the growth in the market over the next few years will be driven by increased R&D expenditure by pharmaceutical and biotechnology companies, and government support for the biotechnology industry. For example, the Chinese government increased its basic research investment by 26% from 2011 to 2012 and decided to invest more than $300 billion in the country's biotechnology industry between 2012 and 2017.

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