Press release
Protein Therapeutics Market is Expected to Showcase a Significant Growth at a CAGR of 7.1% by 2030 | Merck and Co., Inc., Baxter International Inc., F. Hoffmann La Roche Ltd, Sanofi, Novo Nordisk AS, Eli Lilly And Company
The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.
Key Takeaways:
The metabolic disorders segment dominated the market growth
The fusion protein segment to manifest the highest CAGR through 2030
North America held the largest share.
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Major Factors Driving the Growth of Protein Therapeutics Market:
Increasing prevalence of chronic diseases: Chronic diseases, such as cancer, cardiovascular disease, and autoimmune diseases, are becoming increasingly common worldwide. Protein therapeutics are highly targeted and effective treatments for many chronic diseases, which is driving demand for these products.
Technological advancements: Technological advancements in protein engineering and manufacturing have made it possible to develop new and more effective protein therapeutics. For example, recombinant DNA technology has allowed for the development of protein therapeutics that are more pure and potent than traditional protein therapeutics.
Growing demand for personalized medicine: Personalized medicine is an approach to healthcare that takes into account the individual genetic, environmental, and lifestyle factors that contribute to disease. Protein therapeutics are well-suited for personalized medicine, as they can be tailored to the specific needs of each patient.
Government support for protein therapeutics development: Governments around the world are providing support for the development of new protein therapeutics through funding and research grants. This is due to the potential of protein therapeutics to improve the lives of millions of people who suffer from chronic diseases.
Market Segmentation:
Product type:
Monoclonal Antibodies
Insulin
Fusion Protein
Erythropoietin
Interferon
Human Growth Hormone
Follicle Stimulating Hormone
Application:
Metabolic Disorders
Immunologic Disorders
Hematological Disorders
Cancer
Hormonal Disorders
Genetic Disorders
End user:
Hospitals: Hospitals are the largest users of protein therapeutics.
Ambulatory surgery centers: Ambulatory surgery centers are also increasing their use of protein therapeutics.
Specialty clinics: Specialty clinics, such as oncology clinics and hemophilia clinics, also use protein therapeutics.
Geography:
North America (U.S, Canada, Mexico)
Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Regional Growth Dynamics:
The market across North America dominated the market in 2020, holding nearly half of the market, due to increase in chronic diseases, rapid adoption of advanced technologies, and presence of key players in the region. However, the market across Asia-Pacific is expected to register the highest CAGR of 8.7% during the forecast period, owing to rapidly growing geriatric population, surge in public-private investment, and increase in number of initiatives for healthcare awareness.
Competitive Landscape:
Abbott Laboratories
Baxter International Inc.
Amgen Inc.
F. Hoffmann-La Roche Ltd.
Eli Lilly and Company
Merck & Co., Inc.
Johnson & Johnson (Janssen Pharmaceuticals)
Pfizer Inc.
Novo Nordisk A/S
Sanofi
Recent developments:
Bispecific antibodies: Bispecific antibodies are a new class of protein therapeutics that can bind to two different targets at the same time. This makes them more effective and specific than traditional monoclonal antibodies. Bispecific antibodies are currently in clinical trials for a variety of diseases, including cancer and autoimmune diseases.
Antibody-drug conjugates (ADCs): ADCs are another new class of protein therapeutics that combine an antibody with a cytotoxic drug. This allows the antibody to deliver the drug directly to the cancer cells, minimizing the damage to healthy cells. ADCs are currently being used to treat a variety of cancers, including breast cancer, lung cancer, and lymphoma.
Gene editing protein therapeutics: Gene editing protein therapeutics are a new type of protein therapeutic that can be used to alter the DNA of cells. This has the potential to treat a variety of diseases, including genetic disorders, cancer, and infectious diseases. Gene editing protein therapeutics are currently in early clinical trials.
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