Press release
Recombinant Human Interferon Protein Market Estimated to Record Highest CAGR by 2018 to 2027
Recombinant Human Interferon Protein Market: Drivers and Restraints
Recombinant human interferon protein is principally studied on the protein production, it is probably going to strike the intensive research and development sector. The adoption of recombinant human interferon protein started with the advancement in the field of molecular biology. The marketing of these proteins started in the late nineties with the U.S. observing the highest success rates. Most of the proteins require specific conditions in order to be in an active state for clinical study, and a large portion is still used in clinical research for developing counter actions. The trends supporting the entire recombinant therapeutics are expected to influence the growth of the market. Though the effectiveness of recombinant human interferon proteins is still debatable with other species induced, recombinant proteins are being used in general applications. However, high cost that can go for around US$ 170 for a 5 µg pack is expected to be a major factor retraining the growth of the market. Some of the major blockbuster products from big companies are well established in the developed countries.
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Recombinant Human Interferon Protein Market: Segmentation
Tentatively, the global recombinant human interferon protein market can be segmented on the basis of type, end user and geography.
Based on type, the global recombinant human interferon protein market is segmented as:
Gamma inhibitors
Alpha inhibitors
Others
Based on end user, the global recombinant human interferon protein is segmented as:
Diagnostic Laboratories
Research Laboratories
Recombinant Human Interferon Protein Market: Overview
The global market for recombinant human interferon protein is expected to witness steady growth over the forecast period due to rise of molecular biology in most of the disease applications. The growth of the market is related to the rising number of cancer cases, which is mostly observed in cases of growth defect.
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Recombinant Human Interferon Protein Market: Regional Outlook
Geographically, the global recombinant human interferon protein market is segmented into North America, Latin America, Europe, CIS & Russia, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is expected to be the dominant regional market for recombinant human interferon protein owing to increasing number of research activities in the region. The recombinant human interferon protein market in Asia Pacific excluding Japan is expected to grow at a significant CAGR due to product development and expansion by key players. Europe is expected to hold a large share in the global recombinant human interferon protein market throughout the forecast period due to its quality healthcare facilities and modern outlook for recombinant human Interferon protein.
Recombinant Human Interferon Protein Market: Key Players
The global market for recombinant human interferon protein is highly fragmented. Examples of some of the key players operating in the global recombinant human interferon protein market are Merck KGaA, Abcam plc, R&D Systems, Thermo Fisher Scientific, BioLegend, Invitrogen, OriGene, and Biorbyt, among others.
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