Press release
Protein Therapeutics Market: Deep Analysis by Production Overview and Insights to Reflect Steady Growth During 2018 – 2025
Protein Therapeutics Market
Key factors driving the growth of the global protein therapeutics market include the introduction and adoption of new plasma induction therapies, the proliferation of chronic and life-threatening diseases, and public awareness of the high efficiency of protein therapeutics. However, high-cost protein therapy and complex reimbursement scenarios hinder market growth. Conversely, increased protein therapeutics and new indications for untapped emerging markets are expected to provide manufacturers with a favorable opportunity in this industry.
The Metabolic Disorders Application program generated $ 27.837 billion in sales in 2016 and is expected to continue in the future. This is due to the need for quality medicines and multipurpose therapies for the treatment of disease, especially diabetes. Cancer coverage is projected to grow at the highest CAGR of 8.2% from 2017 to 2023.
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North America has a high market share of $ 72,899 million in 2016, due to the increased adoption of this drug and the increased awareness of protein therapeutics, due to the high prevalence of cancer and other chronic diseases. The Asia-Pacific region is expected to grow at a CAGR of 7.6% over the forecast period due to rapid industrialization, increased disposable income, and government initiatives to modernize medical infrastructure.
The report provides extensive competitive analysis and profiles of key market players, such as
• Abbott Laboratories
• Amgen Inc.
• Baxter International Inc.
• Eli Lilly and Company
• F. Hoffmann-La Roche Ltd.
• Johnson & Johnson
• Merck & Co. Inc.
• Novo Nordisk A/S
• Pfizer Inc.
• Sanofi.
Other players (profiles not included in the report) in the value chain analysis include, Biogen, Inc., CSL Behring, and Genentech, Inc.
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Key Findings of the Protein Therapeutics Market:
• The monoclonal antibody segment is anticipated to grow at the highest CAGR from 2017 to 2023.
• The cancer application segment is expected to witness the highest growth rate during the forecast period.
• Metabolic disease application segment is anticipated to occupy the largest share in the protein therapeutics market.
• North America dominated the global protein therapeutics market, and is projected to grow at a CAGR of 6.1%.
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