MarkNtel Advisors recently published a detailed industry analysis of the Recombinant Proteins Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Recombinant Proteins Market (2024-2030)
The Global Recombinant Proteins Market size is estimated to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30.
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What is driving the Recombinant Proteins Market?
The Growing Prevalence of Chronic Diseases Driving Market Growth – The increasing occurrence of conditions like cerebral apoplexy, multiple sclerosis, neutropenia, thrombocytopenia, etc., has been driving the need for recombinant protein drugs. Additionally, treatment methods such as cancer therapy, mammalian cell culture, recombinant protein western blot, recombinant DNA, animal cell culture, glycosylation, biotherapeutics, and bioengineering are witnessing heightened demand, contributing significantly to overall market growth worldwide. In addition, one of the major chronic diseases witnessing rapid growth is cancer. For instance,
- In 2022, according to the American Cancer Society’s 2022 statistics, approximately 1,918,030 new cancer cases were estimated in the United States alone for the year.
These increasing occurrences of illnesses among the inhabitants are resulting in the shift towards innovative health treatments. As a result, several non-government organizations are increasingly funding the pharma & bio-pharma companies to develop highly effective drugs. The continuous research & development of high-efficacy drugs would continue to elevate the requirement for recombinant proteins, uplifting the Global Recombinant Proteins Market in the forecast period.
What segments define the Recombinant Proteins Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Product
(Growth Factors and Cytokines, Antibodies, Immune Checkpoint Proteins, Structural Proteins, Enzymes, Recombinant Regulatory Proteins, Hormones, Others),
By Host Cells
(Mammalian Cells, Insect Cells, Yeast & Fungi, Bacterial Cells, Others),
By Application
(Therapeutics, Research & Development, Diagnostics, Biotechnology, Others),
By End Users
Pharmaceutical & Biopharmaceutical Companies, Research Institutes and Academic Institutions, Diagnostic Laboratories)
By Regions
North America, Europe, Asia-Pacific, South America, Middle East & Africa
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Who are the leading key players shaping the Recombinant Proteins Market landscape?
Merck KGaA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Abcam Limited, Novozymes A/S, GenScript Biotech Corporation, R&D Systems, Inc., ProSpec-Tany TechnoGene Ltd., Cell Signaling Technology, Inc., Enzo Life Sciences, Inc., Sino Biological Inc., Miltenyi Biotec, Abnova Corporation, RayBiotech, Inc., OriGene Technologies, Inc., Others
Questions Addressed in this Study
1.What factors are driving the Recombinant Proteins Market growth?
2.How is the Recombinant Proteins Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Recombinant Proteins Market?
4.What is the current size of the Recombinant Proteins Market, and how is it projected to change in the future?
6.What is the future outlook for the Recombinant Proteins Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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