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Protein Engineering Market 2023 |Industry Analysis By Trends, Growth And Revenue Estimations Forecast To 2032
Protein Engineering Global Market
Protein Engineering Market Size, Growth Rate, And Forecast
The global protein engineering market size is expected to grow from $3.17 billion in 2022 to $3.59 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The protein engineering market size is expected to reach $5.87 billion in 2027 at a CAGR of 13%.
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Protein Engineering Market Drivers
The increasing demand for protein-based drugs is driving the protein engineering market. Proteins that are used in drugs for therapeutic activity are protein-based drugs. The protein-based drugs or therapeutic proteins are medicines that are genetically engineered versions of naturally occurring human proteins. Protein engineering modifies protein sequences through the substitution, insertion, or deletion of nucleotides within the gene that encodes them in order to modify protein-based drugs that are better suited to particular applications.
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Protein Engineering Market Segments
1) By Product and Services: Instruments, Reagents, Services and Software
2) By Protein Type: Insulin, Monoclonal Antibodies, Coagulation Factors, Vaccines, Growth Factors, Other Protein Types
3) By Technology: Irrational Protein Design, Rational Protein Design
4) By End User: Pharmaceutical and Biotechnology Companies, Academic Research Institutes, Contract Research Organizations
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Protein Engineering market.
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Protein Engineering Market Key Players
Major competitors in the Protein Engineering market include Bruker Corporation, Codexis Inc., Danaher Corporation, Thermo Fisher Scientific, GenScript Biotech Corporation, Agilent Technologies Inc.
The Table Of Content For The Protein Engineering Market Include:
1. Executive Summary
2. Protein Engineering Market Characteristics
3. Protein Engineering Market Trends And Strategies
4. Protein Engineering Market - Macro Economic Scenario
5. Protein Engineering Market Size And Growth
……
27. Protein Engineering Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Protein Engineering Market
29. Protein Engineering Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Protein Engineering Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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