The market is segmented into two major areas, namely, the genomics and proteomics reagent kits market and the genomics and proteomics analytical tools market. The reagent and research kits segment deals with the products used in sample preparation, purification and isolation, electrophoresis, lab-on-chip applications, and biochips or microarrays. In terms of analytical tools segment, the market is segmented into four major analytical tools, namely, chromatography, mass spectrometry, thermal cyclers for PCR applications and next generation sequencers. Till the beginning of 20th century the only available techniques for protein purification were precipitation, crystallization and filtration. Today, chromatography and gel electrophoresis are the most commonly used purification techniques. They isolate proteins on the basis of its characteristics such as solubility, size, charge and binding affinity.
Other technologies such as mass spectrometry, biochips, next-gen sequencers, and polymerase chain reaction techniques have empowered researchers to create very large quantities of data in short time. The next generation sequencing market is highly consolidated with very few market players due to extremely complicated technologies involved and the low target audience for the systems as of today. The cost of expensive next-gen sequencing systems may exceed into millions of dollars for installation, maintenance, reagents and output analysis. Most respondents have suggested sequencing as a service business rather than an investment for in-house research. Introduction of bench-top sequencer enabling ease of use to researchers is also expected to push the growth further. With progress in technology a genome can be sequenced for less than USD 1000, as compared to several billions that cost the Human Genome Project about two decades ago.
The market accounts for commercialized ready-to-use research kits to carry out various processes such as purification, electrophoresis, chromatography and polymerase chain reactions. Every step of sample preparation is critical as it is associated with the success of protein sequencing and expression. In order to simplify the process at each step vendors operating in this market offer a wide variety of protein sample preparation kits which are able to remove salts, denaturants, detergents and other buffers present in the crude mixtures easily and quickly.
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The global market was estimated to be valued at USD 23.8 billion in 2012 and forecast to reach USD 52.3 billion by 2019 with a CAGR of 12.1% from 2013 to 2019. The global market is highly fragmented in molecular biology which constitutes most of research in biotechnology. North America continues to lead the world in terms of innovation in genomics and proteomics. Also, emerging applications in several segments of genomics and proteomics technologies have sprung up over the world and several countries are raising genomic and proteomics research centers in recent years. Market players such as Illumina, Sigma Aldrich, Thermo Fisher, Waters and Life Technologies who have been keen on expanding businesses overseas have continued sponsoring major seminars and conferences to raise awareness of analytical tools that can help researchers and countries identify and control pandemic and endemic diseases.