Future | Growth and High Demand For Protein Engineering Market

0
2كيلو بايت

The growth of this market is majorly driven by factors such as the increasing investments in synthetic biology and the growing focus on protein-based drug development by pharmaceutical and biotechnology companies. However, factors such as the high cost of instruments and laboratory documentation systems are expected to restrain the growth of this market during the forecast period. 

Instruments segment to account for the largest share of the market, by product & service, in 2019

Based on product & service, the market is segmented into instruments, consumables, and software & services. Instruments formed the largest product segment in this market owing to technological advancements and the high price of mass spectroscopy and crystallography instruments (as compared to consumables).

Monoclonal antibodies segment accounted for the largest share of the protein engineering market, by protein type, in 2019

Based on protein type, the market is segmented into monoclonal antibodies, insulin, erythropoietin, interferons, vaccines, colony-stimulating factors, growth hormones, coagulation factors, and other proteins. 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=898

Monoclonal antibodies accounted for the largest share of the market in 2019. The large share of this segment can be attributed to the increasing demand for monoclonal antibodies for the treatment of cancer, neurological diseases, and infectious diseases.

Rational protein design is the largest technology segment in the protein engineering market

Based on technology, the neering market is segmented into rational and irrational protein design. The rational protein design segment accounted for the largest share of the market in 2019. The large share of this segment can be attributed to the increasing use and continuous upgrades of bioinformatics platforms and software for protein analysis. 

protein-antibody-engineering-market1.jpg

Biopharmaceutical companies were the largest end users of protein engineering products and services in 2019

Based on end user, the market is segmented into biopharmaceutical companies, contract research organizations, and academic research institutes. The biopharmaceutical companies segment accounted for the largest share of the market in 2019.  

Factors such as the presence of well-established CROs, rising R&D expenditure, and the availability of the latest techniques and instruments for drug discovery research are responsible for the large share of the North American market. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. This can majorly be attributed to the advancements in genomics and proteomics research and government initiatives and funding for protein-based drug research in several Asia Pacific countries.

Key Market Players

The major companies operating in the protein engineering market include Thermo Fisher Scientific (US), Danaher Corporation (US), Agilent Technologies (US), and Bio-Rad Laboratories (US).

البحث
الأقسام
إقرأ المزيد
Food
Non-Thermal Pasteurization Market Growing Demand Overview, Trends, Forecast 2032
  Global Non-Thermal Pasteurization Market size and share is currently valued at USD 2.12...
بواسطة Sakshi Thakur 2024-09-18 07:13:04 0 226
الألعاب
Score with Style: Acquiring Lina Hurtig's FOUNDATIONS Card in FC 24
Introduction About Lina Hurtig Lina Hurtig, born on the 5th of September, 1995, stands...
بواسطة Xtameem Xtameem 2024-03-20 06:13:17 0 751
أخرى
Trust Wallet – Withdrawal procedure of crypto assets
Trust wallet is one of the leading crypto storage wallets that supports over 70 blockchains. But...
بواسطة Maria Smiths 2024-01-08 11:35:12 0 1كيلو بايت
أخرى
Enhance Your Travels with Lithium Ion Leisure Battery
In today's fast-paced world, the freedom and flexibility to travel with all the comforts of home...
بواسطة Michael Mack 2024-10-28 05:10:00 0 150
Causes
The particular Go up regarding Online Slots: A digital Innovation inside Gambling
  Lately, the entire world regarding casino provides undergone a remarkable alteration,...
بواسطة Shahbaz Ansari 2024-10-03 12:53:10 0 208