Global proteomics market surging high
The Human Genome Project has produced a striking result that there are lesser protein-coding genes in the human genome compared to proteins in the human proteome (~22,000 genes vs. ~400,000 proteins).
This fact has forced the researchers and companies to shift their focus towards proteomics market. As a result, the proteomics market is forecasted to grow at a CAGR of around 20 percent during 2011 - 2013, forecasts the research firm.
Amid growing health concerns and the requirement to develop more economical and reliable drugs coupled with huge demand for personalized medicines are the major factors for conducting an extensive research on proteomics.
Hence, the rising awareness of protein research and its study has opened the market for different proteomic-related equipments, technologies, and services, adds the research firm.
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.