Protein Expression Market is evolving with high growth rate of CAGR 5.8% by 2023 | Top Players : BIO-RAD TECHNOLOGIES, EMD MILLIPORE, NEW ENGLAND BIOLABS, INC., OXFORD EXPRESSION TECHNOLOGIES, LTD, PROMEGA CORPORATION, QIAGEN N.V., amongst others

Market Analysis:

North America Dominates the Market

North America accounted for the largest market value in 2017 and is expected to witness a CAGR of 5.8% during the forecast period of 2018-2023. The Asia-Pacific market is expected to have a comparatively higher CAGR during the forecast period. Increasing investments in R&D, growing outsourced production, and R&D units in India and China (due to cost-effective production) are propelling the growth of the market in Asia-Pacific.

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Protein expression is the way in which proteins are modified, synthesized, and regulated in living organisms. The protein expression market has various applications in the field of biotechnology. Proteomics (which has contributed in the field of drug discovery, drug target prediction, and structural protein prediction) have a wide range of applications in protein expression studies. They have also contributed to its high demand. Hence this factor is driving the protein expression market. The other factors, such as the rise in the R&D activity in the pharma sector, advancements in the biologics market, and increasing incidences of chronic diseases are driving the protein expression market.

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Market Segments:
Protein Expression Market is segmented by:
1. Expression Systems: Cell-free Expression, Bacterial Expression, Yeast Expression, Algal Expression, Insect Expression, Mammalian Expression, Others
2. Products: Instruments, Reagents, Services
3. End User: Academia, Industries
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• August 2017: Thermo Fisher Scientific acquired the Patheon.
• July 2017: Agilent Technologies acquired the Raman Spectroscopy Innovator, Cobalt Light Systems.

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