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The protein engineering market size is expected to see rapid growth in the next few years. It will grow to $7.2 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The protein engineering market report table of contents includes:
1. Executive Summary
2. Protein Engineering Market Characteristics
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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