Proteomics Market worth 21.87 Billion USD by 2021 – ABNewswire – Press Release Distribution Service – Paid...

2 days ago, Tue, Jul 17, 2018, 06:02:33
The global proteomics market is estimated to grow at a CAGR of 11.7% from 2016 to 2021 to reach USD 21.87 Billion by 2021. The growth of the market can be attributed to factors such as the increasing need of proteomics in diagnosis and drug discovery, and various advancements in technologies used in proteomics, rising R&D expenditure and the increasing need for personalized medicine. However, he reduced funds in key markets, sequestration cuts in the U.S. and reduced funds for proteomics research, high cost of tools and equipment, and dearth of skilled researchers is expected to restrain the market growth to a certain extent.