Press release
Recombinant Proteins Market: Steering Towards $4.3 Billion Mark at CAGR of 13.7% Paving Way for Personalized Medicine and Biotechnology Expansion
Recombinant Proteins Market
What Is The Projected Market Size Of The Global Recombinant Proteins Market And Its Growth Rate?
• Market forecast predicts an impressive rise from $2.31 billion in 2024 to $2.57 billion in 2025, maintaining a substantial CAGR of 11.3%.
• The market is expected to reach $4.3 billion by 2029 at a standout CAGR of 13.7%, underscored by an accelerating adoption of personalized medicine, burgeoning biotechnology sector, and advancements in protein engineering techniques.
What Is Driving The Growth In The Recombinant Proteins Market?
The primary driver behind the accelerated growth of the recombinant protein market is the expanded focus on personalized medicine. Offering a revolutionized way of providing more effective and targeted healthcare outcomes, personalized medicine allows for treatments and therapies tailored to individual characteristics, genetics, and needs of each patient. Particularly, recombinant proteins have made a significant contribution to personalized medicine by enabling the development of customized therapies, thereby improving treatment effectiveness while reducing side effects.
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Who Are the Key Players Driving Recombinant Proteins Market Growth?
• Abcam plc
• Abnova Corporation
• Bio-Rad Laboratoroies Inc.
• Merck Co. & KGaA
• R&D Systems Inc.
• Proteintech Group Inc.
• RayBiotech Life Inc.
• GenScript Biotech Corporation
• Elpiscience Biopharmaceuticals Co. Ltd.
• Elevian Inc.
• Gigagen Inc.
• Janssen- Cilag Pvt. Ltd.
• Sino Biological Inc.
• OriGene Technologies Inc.
• Feldan Therapeutics Inc.
• Randox Laboratories Ltd.
• Bio-Techne Corporation
• Thermo Fisher Scientific Inc.
• PerkinElmer Inc.
• Crown Bioscience Inc.
• Airway Therapeutics Inc.
What Are The Key Trends In The Recombinant Proteins Market?
Key Trends picked up in the market include:
• Expansion of personalized medicine
• Rapid growth in the biotechnology sector
• Upsurge demand for therapeutic proteins
• Emergence of novel therapeutic targets
• Global priority on vaccine development
What Are The Segments Of The Global Recombinant Proteins Market?
• By Product: Antibodies, Cytokines, Immune Checkpoint Protein, Virus Antigens, Enzymes, Recombinant Regulatory Proteins, Hormones, Other Products
• By Application: Drug And Discovery Development, Therapeutics, Research, Other Applications
• By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institute, Diagnostic Laboratories, Other End Users.
Which Region Leads The Recombinant Proteins Market?
In 2024, North America held the largest share of the global recombinant protein market. Other regions detailed in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa, providing a comprehensive regional insight into the market landscape.
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What Is Covered In The Recombinant Proteins Market Global Market Report?
- Market Size Analysis: Analyze the Recombinant Proteins Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Recombinant Proteins Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Recombinant Proteins Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Recombinant Proteins Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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