Protein Engineering Market is projected to reach USD 2592 million by 2022 | – Agilent Technologies, Inc., Biogen, Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, Eli Lilly, Fusion antibodies.

Protein Engineering Market Size and Growth Rate:
According to our research report, the Protein Engineering Market Size was valued at approximately USD 1,095 million in 2017 and is expected to generate around USD 2,592 million by 2022, at a CAGR of around 15.1% between 2017 and 2022.

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Protein Engineering Market Growth Demands and Restraints:
Protein engineering can be defined as the modification of protein structures with recombinant DNA technology or chemical treatments to serve a desirable function and be used for the better in many areas of application like medicine, industry and agriculture. Protein engineering is broadly used to circumvent weaknesses associated with drugs and possesses the potential to enhance affinity & efficacy of molecules for a wider range of applications, such as cardiac repair.

The demand for protein engineering in developing countries is coupled with the preference of protein therapy over the gene therapy and expiry of top biologics drugs in the near future. Other factors include, increased demand for alternatives to chemical processes, increasing prevalence of protein deficient diseases and improved government funding. Pharmaceutical & biotechnology companies hold a dominant share in the global market and can be attributed to the increasing adoption of in silico models to develop new protein-based drugs in the following applications like cancer, diabetes, and central nervous system diseases.

Protein Engineering Market Regional Analysis:
Geographically, the market is divided into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa. North America is dominating the market mainly due to the rising prevalence of lifestyle associated diseases and increasing adoption of protein-based drugs in the regions. Growth of this market in these regions is also propelled by the increase in adoption of protein drugs over non-protein drugs, the high prevalence rate of lifestyle diseases, growth in funding for protein engineering and reduction in overall timeline and the cost for drug discovery. Expensive and high maintenance tools and instruments used in protein engineering and dearth of trained personnel are hindering the market in many under developed regions. The global key players are Agilent Technologies, Thermo Fisher Scientific, Waters Corporation, etc.

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Protein Engineering Market Key Players:
Some of the leading key players are Abbott healthcare, Agilent Technologies, Inc., Biogen, Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, Eli Lilly, Fusion antibodies, GE healthcare, Genscriptsusa, Inc., Genzyme, Johnson & Johnson, Novartis AG, Novo Nordisk, Perkinelmer, Inc., and Roche, Sigma-Aldrich Corporation.

Protein Engineering Market Segmentation:
By Type
• Instruments
• Services and Software
• Reagents

By Protein Type
• Monoclonal antibodies
• Insulin
• Erythropoietin
• Interferon
• Colony-stimulating factor
• Growth hormones
• Coagulation factor
• Vaccines
• Others

By Technology
• Rational protein design
• Irrational protein design
End User
• Academic Research Institutes
• Medical Industry
• Food Industry
• Other

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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