Rising Healthcare Expenditure To Push the Global Protein Expression Market to Gain $2491.67 Million by 2028

As per an analysis by Triton Market Research, the global protein expression market, which generated $950.67 million in 2019, will progress with a CAGR of 11.30% by 2028.

A study by Triton Market Research with the title ‘Global Protein Expression Market,’ covers the Global Analysis and Forecast for 2019-2028 by End-user (Academic Research Institutes, Pharmaceutical & Biotechnology Companies, Contract Research Organizations, Other End-users), by Application (Research, Industrial, Therapeutic), by Product Type (Services, Instruments, Reagents, Expression Vectors, Competent Cells), by Geographical Region (Asia-Pacific, Latin America, North America, Middle East and Africa, Europe).

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According to the report, the Global Protein Expression Market is anticipated to reach $2491.67 million by the year 2028, growing with a CAGR of 11.30% during the forthcoming years 2019-2028.

Protein expression refers to the production of a specific protein by cells. The study of protein expression may be used to give information regarding chronic diseases like cancer.

The ever-increasing healthcare expenditure is significantly influencing the growth of the pharmaceutical sector in the healthcare industry, thereby driving the growth of the protein expression market. The growing healthcare spending is likely to instigate the demand for protein expression products, used in the diagnosis of diseases like diabetes and cardiovascular disorders. However, stringent regulations in the approval process of the protein expression systems are estimated to hamper the market growth.

The protein expression market is primarily segmented as end-user, application and product type. The first segment, end-user, divides into academic research institutes, pharmaceutical & biotechnology companies, contract research organizations and other end-users. The second segment, application, includes research, industrial and therapeutic. The last segment, product type, is divided into services, instruments, reagents, expression vectors and competent cells.

As per the regional landscape, Asia-Pacific is anticipated to be the fastest-growing market for protein expression in the forecasted period. Countries like India and Australia are witnessing high growth in the biopharmaceuticals manufacturing market. Protein expression is used in the production of biopharmaceutical products. Hence, the growth in this sector is likely to aid market growth. The healthcare industry is also growing tremendously due to the changing demographics and the rising middle-class population. Moreover, the government is also increasingly implementing initiatives towards the research & development activities in the healthcare sector. As protein expression find its applications in the healthcare sector, the growth in this industry is likely to lead to the development of the studied market.

Some of the eminent companies in the protein expression market are GenScript, Thermo Fisher Scientific Inc, ProMab, Agilent Technologies Inc, Qiagen, Bio-Rad Laboratories Inc, Takara Holdings Inc, LifeSensors, New England Biolabs, Biotechrabbit, Promega Corporation, Lonza, Peak Proteins Ltd, Merck KGaA and BD (Becton, Dickinson and Company).

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Question & Answer: Protein Expression Market

Question 1: Which factors are driving the growth of the protein expression market?
Answer: The ever-increasing healthcare expenditure is significantly influencing the growth of the pharmaceutical sector in the healthcare industry, thereby driving the growth of the protein expression market. The growing healthcare spending is likely to instigate the demand for protein expression products, used in the diagnosis of diseases like diabetes and cardiovascular disorders.

Question 2: What factors are expected to hamper the growth of the protein expression market?
Answer: Stringent regulations in the approval process of the protein expression system are estimated to hamper the growth of the global protein expression market.

Question 3: How is Asia-Pacific impacting the protein expression market outlook?
Answer: As per the regional landscape, Asia-Pacific is anticipated to be the fastest-growing region for protein expression in the forecasted period. Countries like India and Australia are witnessing high growth in the biopharmaceuticals manufacturing market. Protein expression is used in the production of biopharmaceutical products. Hence, the growth in this sector is likely to aid market growth.
The healthcare industry is also growing tremendously due to the changing demographics and the rising middle-class population. Moreover, the government is also increasingly implementing initiatives towards the research & development activities in the healthcare sector. As protein expression find its applications in the healthcare sector, the growth in this industry is likely to lead to the development of the studied market.

Question 4: Which are some of the eminent players mentioned in the competitive landscape of the protein expression market report?
Answer: Some of the eminent companies in the protein expression market are GenScript, Thermo Fisher Scientific Inc, ProMab, Agilent Technologies Inc, Qiagen, Bio-Rad Laboratories Inc, Takara Holdings Inc, LifeSensors, New England Biolabs, Biotechrabbit, Promega Corporation, Lonza, Peak Proteins Ltd, Merck KGaA and BD (Becton, Dickinson and Company).

Related Report:
Global Biotechnology Reagents Market

The Global Biotechnology Reagents Market is estimated to display growth at $144.734 billion by 2028, with a CAGR of 9.54% over the estimated years 2019-2028.

The increasing R&D expenditure is the primary driver of the global biotechnology reagents market. Molecular medicine and probiotics are expected to witness increasing government investments. The growing advancements associated with culture media are also augmenting the growth of the studied market in the forthcoming years.

The increasing technological innovations in bioprocessing technologies are another factor driving the global market growth. It is expected to drive down the cost and enhance productivity. For instance, RenSeq1 is a method that is used for sequence resistance genes, responsible for causing diseases in plants. Besides, there is a rise in investments from a number of pharmaceutical companies towards the development of biopharmaceuticals. This factor is expected to drive the growth of the global market. Moreover, the increasing usage of protein profiling applications is also aiding the global market growth.

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This release was published on openPR.