Emerging Trends: Protein Expression Market Scope by Demand, Trends to Expand Significantly by 2027

As per new study conducted by Research Dive, the global protein expression market is anticipated to reach up to $5.0 million by 2027.

The global market has been segmented into product, application and region. This study delivers completed insights about drivers, opportunities, restraints, segmental analysis and major players in the global market.

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Factors affecting the market growth-

As per our analysts, increasing demand for protein based medicines along with continuous growth in R&D activities in protein expression processes are projected to drive the market growth in the forecast years. However, high cost associated with the protein expression processes is expected to limit the growth of the market.

Reagents product accounted for significant market share in the previous years-

The global protein expression market has been segmented on the basis of product into reagents, expression vectors, competent cells, instruments, and services. In these, reagent product held the highest revenue share in the previous years and is projected to remain its rise in the market size during the estimated timeframe. Extensive utilization of reagents in the protein expression process and they have various application in the medicines production, research activities and many other application are expected to drive the market growth in the forecast years. Services segment is expected to rise at a fastest rate and is estimated to generate significant revenue by the end of 2027. Growing trend for services segment for customization and personalization of protein expression services is expected to boost the market size in the forecast time.

Research segment is expected to be most lucrative in the coming years-

Based on application, the global market is classified into therapeutic, industrial and research. Among these, therapeutic segment generated for evident protein expression market size in 2019 and is expected to continue its growth throughout the forecast years. This dominance is attributed to wide utilization of protein expression in the therapeutic application and increasing acceptance of therapeutic protein medicines over conventional medicines. Along with, Research application will experience a significant growth and is expected to be the most lucrative in the coming years. Growing government investments on research activities along with increasing trend for personalized and customized manufacturing of medicines are projected to drive the market growth in the upcoming years.

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Protein expression market, Regional analysis-

North America accounted for highest protein expression market share in 2019 and is projected to continue its growth over the global market in the forecast years. This dominance over the global market is attributed to existence of well-established healthcare infrastructure along with presence of large number of pharmaceutical & biotechnology industries across the North America. Besides North America, the market for Asia-Pacific will experience a significant growth in the coming years and is projected to generate a significant growth prospects in the forecast years. This expected growth is majorly due to growing expenditure on healthcare infrastructure and upsurge in the application of protein expression are major factors that enhances the market growth in Asia-Pacific market.

Major market players in the global protein expression market-

The major players in the global protein expression market includes Thermo Fisher Scientific Inc., GenScript Biotech Corporation, Takara Bio, Inc., Promega Corporation, Oxford Expression Technologies Ltd, Synthetic Genomics Inc., Merck KGaA, Agilent Technologies Inc., Bio-Rad Laboratories Inc., New England Biolabs and LifeSensors.

Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.