Asia Pacific Protein Chip Market Growth, Trends, Demand, Forecast Report 2023-2030

Asia Pacific Protein Chip Market Overview

Protein microarrays, often referred to as protein chips, are high-density parallel test devices that include minuscule quantities of proteins. Protein chips are very useful in diagnostics. Healthcare practitioners may use these chips to determine the degree of infection for a certain illness or ailment.

Protein chips have been widely used in the healthcare and biological sectors for basic research. Furthermore, these chips have been employed in medication development research projects involving infectious and fatal diseases. Protein chips are constructed using a support surface, such as a glass slide or microtitre plate, that assists in the capture of protein molecules in use, and these molecules are then labeled and assembled in a dye of a certain color and added to the array. Any contact between them is then detected and recorded for future research.

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Market Drivers

High Prevalence of Cancer and Growing Demand for Personalized Medicine

The increased demand for personalized therapy, the high prevalence of cancer, expanding R&D expenditure, and the availability of technological developments in the field are all factors driving the Asia-Pacific protein chip market. The development of novel protein chips in Asian nations is projected to bring up new business prospects in the future. India's increasing research pace has fueled demand for biochips, adding to the market's overall growth. The use of microarray chips in viral testing in Indian cattle has risen rapidly as a result of several companies and advancements in lab-on-a-chip technology, as well as the region's thirst for tailored diagnostic solutions.

The increasing cancer incidence in several APAC locales has increased the need for specialist diagnostic systems based on protein chips. Cancer killed around 4.5 million people in 2016, accounting for 16.0% of all deaths in the Asia-Pacific region, according to the WHO. As a consequence, the increasing emphasis on clinical research, technological improvements, precision medicine, and the discovery of novel medications is moving the APAC protein chip market ahead.

Market Segmentation

By Technology

• Analytical Microarrays
• Functional Protein Microarrays
• Reverse Phase Protein Microarrays

By Application

• Diagnostics
• Proteomics
• Antibody Characterization

By End-User

• Hospital & Clinics
• Diagnostic Laboratories
• Academic & Research Institutes
• Pharmaceuticals & Biotechnological Companies

Geographical Share

The Chinese regional market is predicted to grow at the fastest CAGR during the forecast period owing to increasing investment in health infrastructure by government and non-government organizations. According to the World Bank, China's health expenditure as a percentage of GDP climbed to 5.3% in 2018 from 4.2% in 2010. The region's high cancer incidence and large senior population will benefit the proposed business. According to a report published in the Critical Illness Journal, the incidence of breast cancer in Singapore decreased from 20 per 100,000 per year in 1972 to 60 per 100,000 between 2006 and 2010. While incidence rates in China and India have increased by up to 30% in recent decades, rates in Japan, Korea, and Singapore have quadrupled or even tripled.

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Competitive Landscape

Key players operating in the Asia Pacific Protein Chip Market include SEQUENOM, Inc., Sigma Aldrich Corporation, Affymetrix, Inc., EMD Millipore, Illumina, Inc., Life Technologies Corporation, and Agilent Technologies.

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