With the rising prevalence of life-threatening diseases and genetic disorders, the protein sequencing global market is set to increase in value for better diagnostic tools and biomarkers.
Protein sequencing is essentially the practical process of determining the amino acid sequence of all or part of a protein or peptide. Knowledge of the amino acid sequence of proteins is crucial to facilitate the discovery of errors during the process of biological information and to distinguish some ambiguous results regarding the process of protein synthesis. The method of determining the sequence of the amino acid and its conformation in a protein is referred to as protein sequencing. Proteins are considered as the main executors of the biological functions and are more complex than genes. The two approaches that are used for protein sequencing are:
A protein can be the root cause of a disease and can also be used for treatment. It is based on this concept that researchers are focusing on protein sequencing to focus on target-based drug discovery.
Some of the major players in this market are:
So, what is actually driving this market?
Factors driving the protein sequencing market
With an estimated compound annual growth rate (CAGR) of 4.6% for the period of 2021-2026, the global market is set to reach $1.6 billion from $1.3 billion. The factors influencing this market growth include:
COVID-19 has had an impact on the pharmaceutical and biotechnology industries. Lockdowns and travel restrictions have led to supply chain disruptions and manufacturing slowdowns. The disease has led to growing interest among the scientists and researchers to identify its sequence and help in drug discovery. Researchers in involved in protein sequencing have noted that next-generation protein sequencing could help in the fight against COVID-19.
Various studies have been conducted to understand the protein-protein interactions which play an important role in the cellular process of COVID-19 infection in the body. It is also observed that companies such as Quantum Si have introduced next-generation protein sequencing equipment that provides affordable and convenient sequencing and are touted as end-to-end solutions that can accelerate studies to combat diseases and pandemics.
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