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Protein Engineering Market Analysis 2023-2032: Recent Trends, Global Outlook, Future Demand And Major Players| Bruker Corporation, Codexis Inc., Danaher Corporation, Thermo Fisher Scientific, GenScript Biotech Corporation
Protein Engineering Market
The Business Research Company's Template Global Market Report 2023 identifies The increasing demand for protein-based drugs as the major driver for the Protein Engineering Market's growth in the forecast period. 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.
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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Major competitors in the protein engineering market are Bruker Corporation, Codexis Inc., Danaher Corporation, Thermo Fisher Scientific, GenScript Biotech Corporation, Agilent Technologies Inc., Bio-Rad Laboratories Inc., New England Biolabs, PerkinElmer Inc., Amgen Inc., InvivoGen, Enantis s.r.o., Promega Corporation, Sigma-Aldrich and Aragen.
A key trend in the Protein Engineering Market includes Technological advancements. Major companies operating in the market are advancing toward the use of a protein engineering platform to optimize therapy. For instance, in July 2021, the US-based biotechnology company, Integral Molecular, providing innovative technologies, launched RV GeneCanvas, an protein engineering platform for optimizing transgenes and other gene therapy elements. Integral Molecular has developed GeneCanvas based on its 20 years of experience optimizing the most challenging and structurally complex proteins, including GCPRs, ion channels, transporters, and viral envelopes.
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The Protein Engineering Market is segmented -
By Product and Services: Instruments, Reagents, Services and Software
By Protein Type: Insulin, Monoclonal Antibodies, Coagulation Factors, Vaccines, Growth Factors, Other Protein Types
By Technology: Irrational Protein Design, Rational Protein Design
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.
The Business Research Company's "Global Protein Engineering Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Protein Engineering Market
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
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