Press release
Fusion Protein Market – Abnova Corporation, Novus Biologicals, OriGene Technologies, Inc., Thermo Fisher Scientific, PeproTech, ProSpec-Tany TechnoGene Ltd
Fusion Protein market growth
Global Fusion Protein Market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing application of the protein fusion and rising cases of cancers are the factor for the growth of this market.
Fusion gene is a protein which is made from fusion gene. These fusion genes are mainly formed by combining two different parts of the genes. By conveying the DNA among chromosomes these fusions protein can develop naturally in the body. These fusion genes can also developed in the laboratory by merging the different part of the genes from the different organism. These fusion proteins are widely used in applications such as biological technology, chimeric protein drugs and others.
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Market Drivers
Its usage for the aids in purification or cloned genes will drive the market growth
Increasing applications of the fusion protein will also enhance market growth
They are more stable and soluble in the host cell as compared to the native protein which is also enhancing the growth of this market
Fusion protein when prepared with small segments has the ability to make products large enough so that it can be seen on the gel; this factor will also drive the market growth
Increasing usage of fusion protein for the treatment of pulmonary arterial hypertension will also drive the market growth
Segmentation: Global Fusion Protein Market
By Product
Immunoglobulin (IG) Fusion Protein
Parathyroid Hormone (PTH) Fusion Protein
Cytokines Recombinant Fusion Protein
Other
By Application
Chimeric Protein Drugs
Biological Technology
Others
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Key Developments in the Market:
In November 2018, Roche announced the launch of their VENTANA pan-TRK (EPR17341) Assay which is specially designed to detect tropomyosin receptor kinase (TRK) proteins in cancer. By observing the TRK C-terminal area, laboratories can easily find wild and chimeric fusion proteins and this assay has the ability to perform different analytic studies. This new assay will help in understanding the TRK protein expression in cancer
In September 2018, SOTIO which is owned by PPF Company announced that they have acquired Cytune Pharma. This acquisition will help the company to use the Cytune’s SO-C101 which is a human fusion protein of IL-15 along with their clinical programs in lung, prostate, and ovarian cancer which is based on their autologous dendritic cell therapy platform DCVAC
Competitive Analysis:
Global fusion protein market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fusion protein market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major competitors currently working in the global fusion protein market are Abnova Corporation, Novus Biologicals, OriGene Technologies, Inc., Thermo Fisher Scientific Inc., PeproTech, Inc., ProSpec-Tany TechnoGene Ltd, F. Hoffmann-La Roche Ltd, Absolute Antibody., Amgen Inc., Creative BioMart., BIOVERATIV THERAPEUTICS INC., Profacgen, ACROBiosystem, General Electric, Shanghai TheraMabs Bio-Technology Co.,Ltd, PhaseBio Pharmaceuticals, Inc., Sotio and others.
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