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Rising Chronic Disease Prevalence Propels Expansion Of Bioengineered Protein Drug Market: Key Factor Driving The Growth In The Bioengineered Protein Drugs Market
The Bioengineered Protein Drugs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Bioengineered Protein Drugs Market Size During the Forecast Period?
The Bioengineered Protein Drugs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Bioengineered Protein Drugs Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Bioengineered Protein Drugs Market?
The bioengineered protein drugs market covered in this report is segmented -
1) By Drug Type: Recombinant Protein, Vaccine, Peptide Antibiotics, Therapeutic Enzymes, Other Drug Type
2) By Technology: Bioreactors, Fractionation, Genetically Modified Organisms, Genetic Engineering, Pharming, Cell Culture, Microbial Cell Fermentation, Other Technology
3) By Application: Autoimmune, Heart, Congenital, Infectious Diseases, Cancer, Diabetes, Arthritis, Other Application
4) By End User: Pharmaceutical, Contract Research Organizations, Research Institutes, Biotechnology Companies
Subsegments:
1) By Recombinant Protein: Monoclonal Antibodies, Hormones, Cytokines
2) By Vaccine: Recombinant Vaccines, DNA Vaccines
3) By Peptide Antibiotics: Lipopeptide Antibiotics, Glycopeptide Antibiotics
4) By Therapeutic Enzymes: Enzyme Replacement Therapies, Biosimilar Enzymes
5) By Other Drug Type: Fusion Proteins, Antibody-Drug Conjugates (ADCs)
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What Key Drivers Are Expected to Influence Future Bioengineered Protein Drugs Market Growth?
The growth of the bioengineered protein drug market is forecasted to be driven by the escalating prevalence of chronic diseases. Chronic diseases-ongoing health conditions that necessitate regular medical attention and limit physical activities-are treated using bioengineered protein drugs. These are protein therapies specifically developed for use in treating cancer and aiding regenerative medicine, employing a combination of logical and combinatorial methods. For example, the World Health Organization (WHO) 2022 Highlights noted in September 2022 that out of 41 million global deaths, 74% were a result of noncommunicable or chronic diseases. This accounts for 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the uptick in chronic diseases is fuelling the demand for bioengineered protein drugs.
Which Companies Hold the Largest Share Across Different Bioengineered Protein Drugs Market Segments?
Major companies operating in the bioengineered protein drugs market include Abbvie Inc., Amgen Inc., Astrazeneca PLC, Bayer HealthCare Pharmaceuticals LLC, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Novo Nordisk A/S, Sanofi S.A., Grifols S.A., Adma Biologics Inc., CSL Limited, Abbott Laboratories, Baxter International Inc., Fresenius Kabi AG, Merck & Co. Inc., Pfizer Inc., Biogen Inc., Bristol-Myers Squibb Company, Genentech Inc., Lonza Group AG, MedImmune LLC, Regeneron Pharmaceuticals Inc., Shire plc., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Shanghai United Cell Biotechnology Co. Ltd., Panacea Biotec Ltd.
What Trends Are Driving Growth in The Bioengineered Protein Drugs Market?
Leading firms in the bioengineered protein drug market are keen on forging strategic alliances with other businesses and governments in order to ensure a steady supply of essential bioengineered protein drugs. Such partnerships involve companies pooling their unique strengths and resources in order to attain shared benefits and success. To exemplify, in June 2023, Future Fields, a biotechnology company based in Canada, entered into a partnership with another Canada-based biotech company named Jenthera Therapeutics. Jenthera Therapeutics concentrates on bringing forth innovative treatments for complex and rare diseases. Through this collaboration, the companies aim to construct a unique protein that can combat cancer, relying on Future Fields' EntoEngine platform to manufacture it in a sustainable, cost-effective manner and on a large scale.
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What Are the Emerging Geographies for The Bioengineered Protein Drugs Market Growth?
North America was the largest region in the bioengineered protein drugs market in 2024. The regions covered in the bioengineered protein drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bioengineered Protein Drugs Market?
2. What is the CAGR expected in the Bioengineered Protein Drugs Market?
3. What Are the Key Innovations Transforming the Bioengineered Protein Drugs Industry?
4. Which Region Is Leading the Bioengineered Protein Drugs Market?
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