12.7% CAGR Achieve by Protein Engineering Market 2022 - 2030 Explosive Trends near to the Future

Protein Engineering Market Analysis Overview:
In a recent research report by Market Research Community, the Protein Engineering Market is expected to surpass USD 9.39 billion by the year 2030, from USD 3.20 billion in 2021.

Protein engineering encompasses the production of modification or a new protein in the existing protein structure or sequence to accomplish required functions. The demand for advancement in structural bioinformatics, novel protein design algorithms molecular force fields and access to 3D protein structure have made the application of computational approaches for protein engineering feasible.

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Further, the surge in government initiatives to enhance protein engineering capabilities is predicted to create high growth potential opportunities for the protein engineering market.

Top Key Players of the Protein Engineering Market:
Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Bruker Corporation, Agilent Technologies, Inc, Waters Corporation, Danaher Corporation, Codexis, Inc., New England Biolabs, Inc., PerkinElmer, Innovagen AB, GE Healthcare, CUSABIO TECHNOLOGY LLC, Promega Corporation, Merck KGaA, GenScript Biotech Corporation, Takara Bio, Inc., Enantis S.R.O., InvivoGen, Pace Analytical, Aspira Chemical, Zymeworks, Inc., Abzena, Ltd., PhyNexus, Inc., ProteoGenix, and Creative Biolabs.

In the end-user segment, contract research organizations are probable to grow at a profitable pace during the forecast period. This growth is due to the rising shift of key players to decrease total expenditure combined with the application of benefits involved. The benefits mainly encompass increased effectiveness of services, cost advantages, high productivity, and concentration on core areas of development. These factors boost the growth of the protein engineering market.

The Asia Pacific is expected to be the second dominating region in the market. Owing to the high occurrence of several chronic diseases, such as cardiovascular conditions, cancer, and kidney failure in India. Further, rising research and development activity is anticipated to provide profitable opportunities during the forecast period. For instance, researchers Indian Institute of Science Education and Research, Bhopal in June 2021, invented modern technology providing active molecules to certain sections of proteins. This factor supported the growth of the protein engineering market.

The market is projected to grow at a significant pace reaching a CAGR of approximately 12.7%, over the forecast period of 2022-2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

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Type Covered in This Report Are:
Monoclonal Antibodies
Erythropoietin
Interferons
Vaccines
Colony-stimulating Factors
Growth Hormones
Coagulation Factors, Other

On the Basis of Technology:
Rational Protein Design
Irrational Protein Design

Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

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By End User:
Biopharmaceutical Companies
Contract Research Organizations
Academic Research Institutes

The study is consolidated into major segments and further into sub-segments, such as by technology (monoclonal antibodies, cytokines & immunomodulators, others), by Protein Type (lung cancer, breast cancer, colorectal cancer, melanoma, prostate cancer, head & neck cancer, others) end-use (hospitals, cancer research centers, clinics), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.

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This release was published on openPR.