Press release
Protein Therapeutics Market is Expected to Showcase a Significant Growth at a CAGR of 7.1% by 2030 | Novo Nordisk AS, Abbott Laboratories, F. Hoffmann La Roche Ltd, Amgen
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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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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