Global Protein Expression Market Analysis by Recent Developments and Business Outlook 2022-2030
"Browse 41 Market Data Tables and 44 Figures spread over 155 Pages, along with an in-depth TOC on the Global Protein Expression Market Forecast 2019-2028."
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Protein expression is the biotechnological procedure that entails the generation of precise proteins. The proteins are formed through the manipulation of gene expression. This procedure results in the expression of large amounts of the recombinant gene in organisms. It has further opened up the possibilities of isolation and expression of heterologous proteins for industrial, clinical, and research purposes. This has ultimately led to advancements in recombinant technologies and genetic engineering.
Growing R&D Activities in Proteomics and Genomics Propel Market Growth
The in vitro or cell-free protein expression encompasses the expression of proteins without the living cells. The time-saving nature of the cell-free protein expression method is one of the major advantages, in terms of the traditional production of proteins in cells. Proteomics is the study of an entire set of proteins produced by a cell type for understanding its function and structure. The study of the whole genome of an organism is known as Genomics. The better protein expression paves the way for a better understanding of overall structure and function. Significant investments from major pharma companies are set to be beneficial or market growth. The rising R&D in the field of proteomics and genomics, along with the aforementioned factors, are estimated to propel the overall growth of the market.
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Services Category Leads the Product Type Segment with the Highest CAGR
Protein expression comprises several service categories like recombinant antigens for vaccine development, proteins for structure studies, proteins for use in diagnostic kits, protein microarrays, protein-protein, and ligand interactions studies, proteins for functional studies and enzymatic assays, drug screening target, biomarker development, and protein libraries. The services segment is projected to have augmented market growth, owing to the rising trend of services for custom optimization of protein expression. The service providers are equipped with state-of-art facilities, advanced products, research specialists, etc. all of which are set to drive the demand for protein expression services by research laboratories and manufacturers.
Asia Pacific Projected to Bag the Highest CAGR by 2028
The utilization of protein expression in therapeutics due to its benefits, is one of the most important factors augmenting the market growth of the region. The region also offers lucrative market growth opportunities, along with having benefits like increased healthcare expenditure, surging application of protein expression, and the presence of key players. Other factors complementing market growth include, enhanced healthcare standards, technological advancements, and rising disposable incomes. Moreover, the growing awareness in terms of timely detection of medical conditions contributes to market growth in the region.
The factors evaluated to hinder the entry of new competitors to the market are high capital requirements for expression system manufacture and other cell-free protein expression products. There is a high scope for competition in the market supplemented by innovative products. At the same time, low competition between offline and online companies and low advertising expenses and firm concentration ratios are set to diminish the intensity of competitive rivalry. The major companies maintaining their position in the market include, Agilent Technologies Inc, Becton, Dickinson and Company, and Bio-Rad Laboratories Inc.
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