Growth of the Protein Expression Market | Top Key Players are Thermo Fisher Scientific, GenScript, Agilent Technologies, Takara Holdings Inc., Promega Corporation, Bio-Rad Laboratories, New England Biolabs

The protein expression market valued at $1.4 billion in 2016, and during the forecast period (2017-2023), it is expected to grow at an 11.7% CAGR, generating revenue of $3.0 billion by 2023. The key drivers of the market are technological advancements, growing life sciences sector, and increasing chronic disease prevalence, funding for protein-based research, and geriatric population. Protein expression is a collective term for ways in which proteins are synthesized, modified, and regulated in living organisms.

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The major driving factor of the protein expression market is the rising prevalence of chronic diseases, including hepatitis, cardiovascular diseases, chronic obstructive pulmonary disease, and viral infections, such as AIDS. As per the World Health Organization, cardiovascular diseases are the most prevalent among all chronic diseases, accounting for 17.7 million deaths in 2015, of which approximately 6.7 million deaths were due to stroke and 7.4 million were due to coronary heart disease. The market is experiencing growth due to the increasing funding for protein-based R&D to provide better clinical intervention for treating various diseases.

As proteins are responsible for carrying out functions in a cell, and most diseases occur due to protein dysfunction and inactivity, the interest in protein-based research is increasing. To be able to establish a connection between protein expression and therapeutics, many organizations are funding such research. The National Institutes of Health invests $32.3 billion annually in the medical research field and issues grants for various programs pertaining to life sciences.

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North America, Middle East & Africa, Europe, Latin America, and Asia-Pacific (APAC) are the subdivisions of the region segment of the protein expression market. In 2016, the market was dominated by North America, followed by Europe. Even though during the forecast period, the market is expected to be led by North America, the fastest growing market would be APAC. This may be attributed to the increasing geriatric population, rising R&D funds, improving per capita income, and rising prevalence of chronic diseases in the region.

Therefore, the market for protein expression is set to experience remarkable growth during the forecast period owing to an increase in drug discovery and development and growing prevalence of several types of diseases.

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