Protein Chip Market Size, Share, Growth, Trends, and Global Industry Analysis: By Chip Type (Analytical Protein Chip, Functional Protein Chip, and Reverse Phase Protein chip), By Application (Diagnostic, Proteomics, and Antibody Characterization), By End Users (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, and Pharmaceutical & Biotechnology Companies), and Region Forecast 2019-2030

Protein Chip Market size was valued at USD 2,363.5 million in 2023 and is projected to reach USD 3,921.2 million in 2030 growing at a CAGR of 7.5% from 2024-2030.  A protein microarray or protein chip is a high-throughput technique used for monitoring the interactions and activities of proteins on an integrated scale as well as determining their function on a large scale. Due to the promises of personalized medicine and advancements in proteomics research, the demand for chip-based proteins is surging the growth of this market. As of 2022, the market was estimated to be around $1.2 billion and is expected to reach nearly $2.4 billion by 2030 with a CAGR of 9.1%. The major driving factors include the increasing incidence of chronic diseases and the requirement for more efficient diagnostics, which are driving innovations in protein analysis technologies.

However, high development costs regarding developing a protein chip create a restraint over the market.  In addition, trends such as artificial intelligence being integrated into data analysis and point-of-care testing, which will be the waves of the future in the protein chip market, will enhance its applicability in clinical diagnostics and drug discovery.

For instance, in February 2024, Scientists from the Institute of Cancer Research identified a new way to look at the proteins that participate in the process of progression in breast cancer. The research was led by the Molecular Endocrinology Group at ICR in collaboration with the Functional Proteomics Research Group at the institute. In their work, the scientists relied on a novel technique to identify most of the proteins that interacted with estrogen receptor alpha (ERα).

Protein Chip Market Key Developments:

• In April 2023: There have been researchers at the KTH Royal Institute of Technology in Stockholm, Sweden, who have designed a microfluidic chip intended for easier monitoring of monoclonal antibody (mAb) production. The protein cartridge will allow simultaneous analysis of up to four different proteins in one cell culture in a bioreactor.
• In November 2023: The Octave Bioscience, Inc. has been awarded a USD 10 million grant by The Michael J. Fox Foundation for developing and validating a multi-analyte protein biomarker test for the assessment of Parkinson's disease.