The Protein Chip Market is estimated to be valued at US$ 3.55 Billion in 2031

A newly published report by Coherent Market Insights reveals a sustainable growth opportunity in the protein chip market. Coherent Market Insights’ analyst projected the protein chip market to be valued at US$ 3.55 Bn in 2031. It is expected to exhibit a CAGR of 6.9% over the forecast period 2024-2031.

The rise of interest in targeted protein analysis together with personalized medicine and the increase in the number of disease biomarkers is boosting the market. Moreover, the global trend of the growing investments of governmental structures and private firms in the proteomics development also further facilitates the emergence of new applications.

For instance, the U.S. government invests heavily through National Institutes of Health for funding of proteomic research projects. Further, rising applications of protein chips in drug discovery and disease diagnostics is also propelling the protein chip industry growth.

Key market trends include: Expanding applications of biochip technology is a key trend. The protein microarray or chip technology is gaining traction in the areas of drug development and screening, thermal toxicity, clinical diagnostics and disease biomarker discovery. This leads to an increase in the need for protein chips in the global market.

Development of microfluidics-based protein chips: Some of the major trends in the industry include rising prevalence of chronic diseases, increased investment into R&D, technological advancements in protein chips and increased emphasis on early detection of diseases. As a result, new business opportunities are expected to be created, including the development of diagnostics.

Protein Chip Market Opportunities: Increasing uses of protein microarrays in the development of drugs and diagnostic tools that aid in the early detection of diseases have attributed to the growth of the use of protein chips for disease detection. The global protein chip market size, on the other hand, was pegged at USD 1.52 billion in 2024 and is expected to reach USD 3.55 billion by 2031.

On the basis of type– The analytical microarrays segment held the largest market share of around 35% in 2024 owing to growing popularity of protein microarrays in analytical applications including protein profiling, biomarker discovery, and purification of protein complexes.

By application-The clinical diagnostics segment is expected to witness highest CAGR during the forecast period due to rising application of protein microarrays in disease diagnosis. Protein microarrays provide multiplexed analysis of protein targets associated with various diseases using small sample volume.

Key Market Takeaways: The global protein chip market is anticipated to witness a CAGR of 6.9% during the forecast period 2024-2031. This is owing to rising adoption of protein microarrays in disease diagnostics and drug discovery.

On the basis of type, analytical microarrays segment is expected to hold a dominant position. This is owing to wide application in analytical applications.

On the basis of application, clinical diagnostics segment is projected to witness fastest growth. This is due to ability of protein microarrays to detect multiple disease biomarkers from small sample volume.

On the basis of region, North America is expected to hold a dominant position over the forecast period. This is due to presence of major market players and advanced healthcare infrastructure.

Competitor Insights: Key players operating in the protein chip market include Agilent Technologies, PerkinElmer, Bio-Rad Laboratories, Thermo Fisher Scientific, Illumina, Shimadzu Corporation, Roche Diagnostics, RayBiotech, Danaher, Sengenics, Microarrays Inc, Affymetrix, Ciphergen, Whatman, Biacore, and Zyomyx.

Recent Developments: On July 23, 2024, Herbalife, a leading health and wellness company, debuted Protein Chips in the US and Puerto Rico. These new protein snacks are a tasty, savory, and convenient solution for consumers looking to achieve their daily nutritional requirements while also enjoying a nutritious treat. More information in full report