Protein Engineering Industry 2022 | Share, Trends Analysis, Growth Report 2027
IMARC Group has recently released a new research study titled "Protein Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global protein engineering market reached a value of US$ 2.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027 exhibiting a CAGR of 11.60% during 2022-2027.
Protein engineering refers to the process of designing and modifying proteins for specific applications. It comprises various technologies, such as rational design, directed evolution, and computational design. It involves a synthesis of new proteins or amendment in the existing protein sequence or structure to achieve improved functions. It is widely utilized for drug development, biocatalysis, biosensors, and materials science. As a result, protein engineering is employed in pharmaceutical and biotechnology companies, academic institutions, and contract research organizations (CROs) across the globe.
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Protein Engineering Market Trends and Drivers:
Presently, the rising prevalence of protein-deficient diseases, such as kwashiorkor and marasmus, among the masses represents one of the primary factors strengthening the growth of the market. In addition, the growing demand for alternatives to chemical processes is offering a positive market outlook.
Apart from this, governing agencies of various countries are offering various initiatives to enhance protein engineering capabilities, which is bolstering the growth of the market. Moreover, the rising expenditure on healthcare infrastructure, along with the inflating income levels of individuals, is offering lucrative growth opportunities to industry players.
Furthermore, the rising utilization of protein engineering to overcome drug-related defects and can enhance the effectiveness of molecules for various purposes is supporting the growth of the market.
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Global Protein Engineering Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Protein Engineering Companies:
Abzena Ltd., Agilent Technologies Inc., Amgen Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Codexis Inc., Danaher Corporation, Eli Lilly and Company, General Electric Company, Merck KGaA, Novo Nordisk A/S, PerkinElmer Inc., Thermo Fisher Scientific Inc. and Waters Corporation.
The report has segmented the market on the basis of region, product & services, protein type, technology and end user.
Breakup by Product & Services:
• Instruments
• Reagents
• Services and Software
Breakup by Protein Type:
• Insulin
• Monoclonal Antibodies
• Coagulation Factors
• Vaccines
• Growth Factors
• Others
Breakup by Technology:
• Irrational Protein Design
• Rational Protein Design
Breakup by End User:
• Pharmaceutical and Biotechnology Companies
• Academic Research Institutes
• Contract Research Organizations
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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