Protein Expression Market Set to Soar, Projected Worth Reaches $ 5 Billion by 2030

Redding California, February 27, 2024 -Meticulous Research®, a premier global market research firm, has unveiled its latest report, 'Protein Expression Market by System (Mammalian [CHO, HEK 293], Non-mammalian [Bacterial, Insect, Yeast]), Offering (Kits & Reagents, Vectors, Competent Cells, Services), Application (Industrial, Therapeutic, Research), and End User-Global Forecast to 2030.' This groundbreaking publication delves into the dynamics of the protein expression market, projecting a value of $5 billion by 2030, with a robust CAGR of 7.6% throughout the forecast period.

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The growth trajectory of the protein expression market is underpinned by various factors, including the burgeoning biopharmaceutical market, an escalating demand for recombinant proteins, an upswing in cell-based research, the surge in chronic diseases, advancements in molecular and cellular technology accelerating bioproduction, and augmented government initiatives and funding for life science research. Furthermore, the market is poised for expansion with the potential in emerging economies and the advent of Point-of-Care (POC) technology, offering significant growth opportunities.

Despite these positive indicators, challenges such as the high cost of protein-based research and a shortage of skilled professionals are anticipated to restrain market growth. Additionally, complexities in laboratory transformation parameters pose challenges to the market's sustained expansion.

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Protein Expression Market: A Comprehensive Overview
The protein expression market is meticulously segmented based on System Type [Mammalian Cell Expression System (Chinese Hamster Cell Lines, HEK 293 Cell Lines, and Others), Non-mammalian Cell Expression System (Bacterial Cell Lines, Insect Cell Lines, Yeast Cell Lines, Plant Cell Lines, and Algal-based Cell Lines), Cell-free Expression System], Product & Services [Instruments, Kits & Reagents, Competent Cells, Expression Vectors, and Services], Application (Therapeutic, Industrial, and Research), End User (Pharmaceutical and Biotechnology Industry, Academic and Research Institutes, and Contract Research Organizations), and Geography. The study also provides a meticulous analysis of industry competitors and evaluates the market at regional and country levels.

Market Dynamics
In 2023, the mammalian cell expression system segment is anticipated to dominate the protein expression market. The wide acceptance of this segment, attributed to its resemblance to human physiology, is instrumental in reducing efforts for post-translational modification and cross-contamination. Additionally, factors such as increasing cell-based and therapeutic protein production, coupled with the low cost and ease of use of mammalian expression systems, contribute to its substantial market share.

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Within the product and services category, the kits and reagents segment is expected to command the largest share in 2023. The repetitive use of kits and reagents, driven by the
increasing number of protein-based research initiatives and the continuous need for transfection and correct folding of proteins in research, supports the growth of this segment.
The therapeutic segment is projected to dominate the application landscape in 2023, driven by the growing development of therapeutic protein-based research and government initiatives aimed at reducing approval timelines.

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The pharmaceutical and biotechnology industry segment is expected to account for the largest share among end users in 2023. This dominance is attributed to the rising focus on proteomics research and increased participation of companies in recombinant protein production, aligned with government efforts to expedite approval processes.

Geographic Insights
This research report provides comprehensive insights into major geographies, offering a detailed analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2023, North America is expected to lead the protein expression market, followed by Europe and Asia-Pacific. The U.S., in particular, is anticipated to contribute significantly to North America's market share, driven by high R&D expenditure and the presence of key market players.

Key Players
Key players shaping the landscape of the protein expression market include Thermo Fisher Scientific Inc. (U.S.), Promega Corporation (U.S.), Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), Takara Holdings Inc. (Japan), GenScript Biotech Corporation (U.S.), Qiagen N.V. (Germany), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), and BECTON, DICKINSON AND COMPANY (U.S.).

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This release was published on openPR.