Investors
Proteomic research reagents market
$3bn+
Proteomic research reagents market size
~4%+
Long-term annual trend growth
The growing and fragmented proteomic research reagents market currently represents a majority of our sales and is a field where we have established a strong position. Even as a leader within this market, we believe there is significant headroom for growth. (Figure 1)
We expect the proteomic research reagents market to grow at a long-term growth rate of approximately 4% per annum (excluding any impact from COVID-19). We believe this growth will be driven primarily by:
A growing number of life science researchers and research studies
An increase in the total available funding for proteomic and other related research
Technological advancements which increase the throughput, data, efficiency and speed of biological research
Inflationary increases in the price of proteomic reagents
Figure 1: Breakdown of $3bn proteomic reearch reagent market
Figure 2: National Institute of Health, Annual Budget ($bn)
https://fas.org/sgp/crs/misc/R41705.pdf
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