Press release
Protein Design and Engineering market Report on the Untapped Growth Opportunities in the Industry
The global Protein Design and Engineering market size was accounted at USD 4.50 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.
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The protein engineering field has been expanding rapidly in both the industrial and health care sectors. It is developing and manipulating proteins' structures to generate the novel & desired proteins with a specific function. Protein engineering has several applications in the food, medical, nano-biotechnology, and environmental industries.
The global Protein Design and Engineering Market are driven by multiple factors such as the rising prevalence of chronic, infectious, and protein-deficient diseases, advancements in technologies, and high demand for personalized medicines. The global market growth can also be contributed to increasing R&D funding by the government for protein engineering, availability of well-established healthcare infrastructures, development in the bioinformatics tools & databases. Moreover, biopharma companies' growing usage of protein designing techniques in drug development is likely to witness significant market growth during the forecast years. Due to the steadily growing cases of chronic diseases, there is a high demand for drugs and therapies.
Hence, to raise the specificity and efficiency of the protein or drug, many biopharmaceutical companies adopt advanced protein designing and engineering methods. This development is estimated to compel market growth opportunities in the next few years. For instance, In June 2019, Amgen (US) and the University of Washington'sInstitute for Protein Design (IPD) collaborated to test new technologies and create protein-building approaches that can be broadly applied to the search for new medicines.
On the other side, factors such as the lack of skilled & trained expertise and the high cost of tools and instruments required for protein engineering may hamper the market adoption over the forecast period of 2024-2031.
Regionally, North America is expected to lead the global protein design and engineering market in the coming years (2019-2030), followed by Europe, owing to the availability of modern technologies and equipment, presence of CROs, and increasing R&D activities in the therapy innovations.
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Key market players operating in the protein design and engineering market include ATUM (US), Creative BioMart (US), Creative Biostructure (US), Creative Enzymes (US), Absolute Antibody (UK), EUCODIS Bioscience (Austria), Biomatter Designs (Lithuania), Fusion Antibodies (UK), Innovagen (Sweden), ZYMVOL (Spain), Averring Biotech, EnzymeWorks (China), GeNext Genomics (India), Quantumzyme (India), among others.
Key developments in the market:
• In August 2021, ATUM (US), a pioneer in bioengineering solutions, announced that the United States Patent and Trademark Office (USPTO) had issued patent numbers 11,060,098, 11,060,109 11,060,086, which expand the scope of the Leap-In Transposase platform, the company's innovative transposon-based tool for genome engineering.
• In January 2021, Biomatter Designs (Lithuania), pioneers the technologies for generative protein design, raised €500k in seed funding led by Practica Capital to develop the company's protein design technology and product pipeline.
• In January 2021, Zymvol Biomodeling (Spain) collaborated with Aminoverse, a biotech company specializing in enzyme discovery and design, to develop custom-made alcohol dehydrogenases, an enzyme most commonly used in the flavors and fragrances and the fine chemicals industry.
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Market Segments
Global Protein Design and Engineering Market, by Type of Protein Engineering Approach Used, 2019-2030 (Value US$ Bn)
• Rational Designing
• Directed Evolution
• Semi-Rational Designing
Global Protein Design and Engineering Market, by Protein Types, 2019-2030 (Value US$ Bn)
• Antibodies
• Peptides
• Enzymes
• Vaccines
• Others
Global Protein Design and Engineering Market, by Type of Application, 2019-2030 (Value US$ Mn)
• Therapeutics
• Diagnostics
Global Protein Design and Engineering Market, by End-Users, 2019-2030 (Value US$ Bn)
• Pharma / Biotech Firms
• CROs and Research
• Academic Institutes
Global Protein Design and Engineering Market, by Region, 2019-2030 (Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Protein Design and Engineering Market, by Country, 2019-2030 (Value US$ Bn)
• U.S.
• Canada
Europe Protein Design and Engineering Market, by Country, 2019-2030 (Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Protein Design and Engineering Market, by Country, 2019-2030 (Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Protein Design and Engineering Market, by Country, 2019-2030 (Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
The Middle East & Africa Protein Design and Engineering Market, by Country, 2019-2030 (Value US$ Bn)
• South Africa
• GCC Countries
• Rest of the Middle East & Africa
Why should buy this report:
> To receive detailed insights into the prospects for the global protein design and engineering market
> To receive a global market overview and future trends of the protein design and engineering market
> To analyze the protein design and engineering market drivers and challenges
> To get information on the protein design and engineering market size (Value US$ Bn) forecast to 2030
> Significant investments, mergers & acquisitions in the protein design and engineering market industry
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Other Related Reports Published by InsightAce Analytic:
Global Therapeutic Proteins and Oral Vaccines Market
Peptide CDMO (Pharmaceutical) Market
Global mRNA Synthesis and Manufacturing Services Market
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