The protein engineering global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Protein Engineering Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The protein engineering market size has grown rapidly in recent years. It will grow from <b>$3.63 billion in 2023 to $4.14 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. </b> The growth in the historic period can be attributed to scientific breakthroughs, early therapeutic success stories, biopharmaceutical revolution, rise of monoclonal antibodies, regulatory framework establishment.
The protein engineering market size is expected to see rapid growth in the next few years. It will grow to <b>$7.2 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. </b> The growth in the forecast period can be attributed to increasing demand for therapeutic proteins, advancements in biotechnology, drug development and research, rising prevalence of chronic diseases, focus on precision medicine. Major trends in the forecast period include advanced protein design tools, high-throughput screening techniques, artificial intelligence (ai) and machine learning, novel protein expression systems, crispr and gene editing technologies.
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Scope Of Protein Engineering Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Protein Engineering Market Overview
Market Drivers –
The increasing demand for protein-based drugs is driving the protein engineering market. Proteins that are used in drugs for therapeutic activity are protein-based drugs. The protein-based drugs or therapeutic proteins are medicines that are genetically engineered versions of naturally occurring human proteins. Protein engineering modifies protein sequences through the substitution, insertion, or deletion of nucleotides within the gene that encodes them in order to modify protein-based drugs that are better suited to particular applications. For instance, according to a study by Lancet Diabetes and Endocrinology journal, nearly 80 million people with type-2 diabetes will require insulin by 2030, a rise of 20%. Thus, increasing demand for protein-based drugs is driving the protein engineering market.
Market Trends –
Technological advancements are a key trend gaining popularity in the protein engineering market. Major companies operating in the market are advancing toward the use of a protein engineering platform to optimize therapy. For instance, in July 2021, the US-based biotechnology company, Integral Molecular, providing innovative technologies, launched RV GeneCanvas, an protein engineering platform for optimizing transgenes and other gene therapy elements. Integral Molecular has developed GeneCanvas based on its 20 years of experience optimizing the most challenging and structurally complex proteins, including GCPRs, ion channels, transporters, and viral envelopes. In addition to the company’s proprietary high-throughput mutagenesis and human cell screening platforms, GeneCanvas allows for the creation and screening of large libraries of variants, which have been used in internal projects.
The protein engineering market covered in this report is segmented –
1) By Product and Services : Instruments, Reagents, Services and Software
2) By Protein Type: Insulin, Monoclonal Antibodies, Coagulation Factors, Vaccines, Growth Factors, Other Protein Types
3) By Technology: Irrational Protein Design, Rational Protein Design
4) By End User: Pharmaceutical and Biotechnology Companies, Academic Research Institutes, Contract Research Organizations
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Regional Insights –
North America was the largest region in the protein engineering market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the protein engineering market report are Bruker Corporation, Codexis Inc., Danaher Corporation, Thermo Fisher Scientific Inc., GenScript Biotech Corporation, Agilent Technologies Inc., Bio-Rad Laboratories Inc., New England Biolabs Inc., PerkinElmer Inc., Amgen Inc., InvivoGen, Enantis s.r.o., Promega Corporation, Merck KGaA, Aragen Bioscience Inc., Creative BioMart, Waters Corporation, Genentech Inc., Novartis AG, Pfizer Inc., Roche Holding AG, Sanofi S.A., GlaxoSmithKline plc, Johnson & Johnson, Eli Lilly and Company, AbbVie Inc., Bristol-Myers Squibb Company, AstraZeneca plc, Biogen Inc., Abzena plc.
Table of Contents
1. Executive Summary
2. Protein Engineering Market Report Structure
3. Protein Engineering Market Trends And Strategies
4. Protein Engineering Market – Macro Economic Scenario
5. Global Protein Engineering Market Size and Growth
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31. Global Protein Engineering Market Competitive Benchmarking
32. Global Protein Engineering Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Protein Engineering Market
34. Protein Engineering Market Future Outlook and Potential Analysis
35. Appendix
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