Press release
Protein Design and Engineering Market Vendor and Technology Assessment Report 2024-2031
Protein Design and Engineering Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " "Global Protein Design and Engineering Market by Type of Protein Engineering Approach Used (Rational Designing, Directed Evolution, Semi-Rational Designing) Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
According to the latest research, the global protein design and engineering market is valued at US$ 4.50 Billion in 2021, and it is expected to reach US$ 13.48 Billion by 2030, with a CAGR of 13.2% during the forecast period of 2022-2030 .
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The subject of protein engineering has been growing quickly in the medical and industrial domains. Increased government R&D funding for protein engineering, the availability of established healthcare infrastructures, and advancements in bioinformatics tools and databases can all be attributed to the expansion of the global market.It involves creating and modifying the structures of proteins to produce new and desirableproteins with certain functions. There are numerous uses for protein engineering in the fields of food, medicine, nanobiotechnology, and the environment.
The growing incidence of infectious, chronic, and protein-deficient disorders, technological breakthroughs, and the strong need for customized medications are some of the drivers propelling the global market for protein design and engineering. funding for protein engineering, the availability of established healthcare infrastructures, and advancements in bioinformatics tools and databases can all be attributed to the expansion of the global market. Furthermore, during the forecast years, the market for protein designing approaches used by biopharma companies in medication development is expected to rise significantly. Therefore, many biopharmaceutical businesses use advanced protein designing and engineering techniques to increase the protein's or drug's specificity and efficiency. It is anticipated that in the coming years, this development will force market growth prospects.The demand for medications and treatments is considerable since the number of chronic disease cases is continuously increasing. and engineering techniques to increase the protein's or drug's specificity and efficiency. anticipated that in the coming years, this development will force market growth prospects. For
period, constraints including the high cost of tools and apparatus needed for protein engineering and the lack of experienced and trained personnel could hinder market acceptance.
Due to the availability of contemporary technologies and equipment, the existence of CROs, and growing R&D efforts in the therapy innovations, North America is anticipated to lead the global protein design and engineering market regionally in the upcoming years (2019-2030), followed by Europe.
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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
Protein Design and Engineering Market, by Type of Protein Engineering Approach Used, 2019-2030 (Value US$ Bn)
• Rational Designing
• Directed Evolution
• Semi-Rational Designing
Protein Design and Engineering Market, by Protein Types, 2019-2030 (Value US$ Bn)
• Antibodies
• Peptides
• Enzymes
• Vaccines
• Others
Protein Design and Engineering Market, by Type of Application, 2019-2030 (Value US$ Mn)
• Therapeutics
• Diagnostics
Protein Design and Engineering Market, by End-Users, 2019-2030 (Value US$ Bn)
• Pharma / Biotech Firms
• CROs and Research
• Academic Institutes
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
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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