Global Protein Expression Market, Size, Share, Growth, Demand and Forecast by 2024

The global protein expression market is led by the increasing funds from government and non-government organization for protein research, the soaring prevalence of chronic diseases, rising life science industry. The use of microfluidic devices in profiling protein expression provides opportunity for the growth of the market. The protein expression market is projected to grow at CAGR of 12.1% during the forecast period (2018-2024).

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Asia-Pacific protein expression industry is expected to witness a considerable growth at a high CAGR of 13.9% during the forecast period. The growth is driven by the increasing life science funding, rise in number of chronic diseases in the region.

On the basis of products and services offered in the protein expression market, the reagents held the largest share in the global market, in 2017. The market is segmented into prokaryotic expression systems; yeast expression systems; mammalian cell expression systems; insect cell expression systems; cell-free expression systems; and algal-based expression systems, on the basis of systems. On the basis of end user, the protein expression market is segmented into academic research institutes; contract research organizations; pharmaceutical and biotechnology companies; and others.

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The market has witnessed the launch of product and services by manufacturers to increase their market share, for instance in June 2017, GenScript launched MonoRab, its new custom rabbit monoclonal antibody (mAb) service. The MonoRab technology uses hybridoma and early-stage monoclonal antibody sequencing for delivering custom rabbit mAbs with high specificity and affinity to address range of applications.

Some of the key players of the protein expression industry include New England Biolabs, Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., Takara Bio Inc., Lonza Group Ltd., Merck KGaA, Promega Corporation, Genscript Biotech Corporation, Agilent Technologies Inc., and Bio-Rad Laboratories, Inc.

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