The global Protein Engineering Market is expected to reach USD 6.17 Billion by 2027. This market’s expansion can be ascribed to the increased use of protein-based medications over non-protein medications. The government’s expanding initiatives, such as funding for encouraging research activities or rising investments for the development of the healthcare infrastructure, are also anticipated to contribute to the market’s expansion.
To create more affordable, effective treatments with increased productivity and improved patient outcomes, biopharmaceutical companies are heavily investing in protein engineering research and development.
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The healthcare industry’s supply chain and raw material supplies have been significantly impacted by the pandemic. The need for the vaccine has increased suddenly as a result of the COVID-19 outbreak, which has prompted more study into the vaccine’s development and drug testing. Governments all throughout the world are spending a lot of money on research and development. The wide range of research being done in this area is anticipated to have a substantial impact on the protein engineering market.
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A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Protein Engineering Market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Protein Engineeringwith the aid of our recent study.
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Competitive Outlook:
The global Protein Engineering Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Protein Engineering Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key companies profiled in the report include:
Danaher Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Waters Corporations, Bio-Rad Laboratories, Merck KGaA, Bruker Corporation, Codexis, Inc., Genscript Biotech Corporation, and GE Healthcare, among others.
Key Highlights from the Report
Due to the growing use of bioinformatics tools for protein analysis, the Rational Protein Design category dominated the market in 2019 with a share of 53.2%.
In 2019, monoclonal antibodies held the biggest market share as a result of rising R&D expenditures for the creation of therapeutically enhanced monoclonal antibodies.
Due to the instruments’ technological advancements, they dominated the market in 2019 with a share of 56.3%.
Due to the increasing use of sophisticated protein engineering techniques, the biopharmaceutical companies predominated the end-user market.
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Emergen Research has segmented the global Protein Engineering Market on the basis of Technology, Protein Type, Product, End-User, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Directed Evolution
Rational Protein Design
Hybrid approach
Protein Type Outlook (Revenue, USD Billion; 2017-2027)
Vaccines
Growth Hormones
Monoclonal Antibodies
Coagulation factors
Interferon
Colony Stimulating Factors
Others
Product Class Outlook (Revenue, USD Billion; 2017-2027)
Software & Services
Instruments
Consumables
End-User Class Outlook (Revenue, USD Billion; 2017-2027)
Contract Research Organizations
Academic Research Institutes
Biopharmaceutical Companies
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Protein Engineering Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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