Rising Demand For Protein-Based Drugs Fuels Growth In The Protein Engineering Market: Strengthening the Growth Trajectory of the Protein Engineering Market

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What Is the Expected CAGR for the Protein Engineering Market Through 2025?
The scale of the protein engineering market has experienced significant acceleration in its expansion recently. The increase is set to rise from $4.11 billion in 2024 to $4.69 billion in 2025, signifying a compound annual growth rate (CAGR) of 13.9%. Factors contributing to this rise during the historic period include scientific advancements, initial success in therapy, the revolution of biopharmaceuticals, the emergence of monoclonal antibodies, and the establishment of a regulatory framework.

What's the Projected Size of the Global Protein Engineering Market by 2029?
The size of the protein engineering market is anticipated to experience significant expansion in the upcoming years, with a projected value of $8.33 billion in 2029, demonstrating a Compound Annual Growth Rate (CAGR) of 15.5%. This projected growth in the forecast period is linked to the heightened demand for therapeutic proteins, progress in biotechnology, advancements in drug development and research, the upsurge in chronic diseases and a focus on precision medicine. Key trends expected during the forecast period include enhanced protein design tools, high-throughput screening methodologies, application of artificial intelligence and machine learning, innovative protein expression systems and the use of CRISPR and gene editing technologies.

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Top Growth Drivers in the Protein Engineering Industry: What's Accelerating the Market?
The protein engineering market is experiencing growth due to the rising demand for protein-based medications. These medications contain proteins used for therapeutic purposes. These so-called therapeutic proteins are essentially genetically manipulated versions of naturally occurring human proteins. Protein engineering involves altering the sequences of these proteins by substituting, introducing, or removing nucleotides within the gene that produces them. This modification process enables attainment of protein-based drugs that cater to specific needs more effectively. To illustrate, research published in the Lancet Diabetes and Endocrinology journal predicts that nearly 80 million people suffering from type-2 diabetes will require insulin by 2030-an increase of 20%. This surge in the demand for protein-based medications is stimulating the expansion of the protein engineering market.

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What Trends Will Shape the Protein Engineering Market Through 2029 and Beyond?
Leading corporations in the field of protein engineering are concentrating on supplying an advanced protein engineering foundry to enhance research and industrial applications. This comprehensive protein engineering foundry enables designers to expedite the testing of innovative proteins using various technologies. For instance, Adaptyv Bio, a Swiss firm specializing in nanotechnology and biotechnology, introduced their protein engineering foundry in April 2023. This integrated lab helps protein engineers to rapidly iterate their designs and generate data on their proteins at a lower cost. It minimizes reagent use, time spent per experiment, and the cost per data point produced by a significant margin as compared to traditional methods. This foundry is being designed to implement AI at every juncture of the protein creation process, encompassing sequence design, experiment protocol planning, protocol execution, and the recording of all data and metadata. The aim is to encourage research into protein design and expedite advancement in protein engineering.

What Are the Main Segments in the Protein Engineering Market?
The protein engineering market covered in this report is segmented -

1) By Product And Services: Instruments, Reagents, Services And Software
2) By Protein Type: Insulin, Monoclonal Antibodies, Coagulation Factors, Vaccines, Growth Factors, Other Protein Types
3) By Technology: Irrational Protein Design, Rational Protein Design
4) By End User: Pharmaceutical And Biotechnology Companies, Academic Research Institutes, Contract Research Organizations

Subsegments:
1) By Instruments: Protein Purification Systems, Spectroscopy And Imaging Systems, Mass Spectrometers
2) By Reagents: Enzymes, Antibodies, Labeling And Detection Reagents
3) By Services And Software: Custom Protein Engineering Services, Analytical Services, Consulting Services, Modeling And Simulation Software, Data Analysis Software, Bioinformatics Tools

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Which Top Companies are Driving Growth in the Protein Engineering Market?
Major companies operating in the protein engineering market are Bruker Corporation, Codexis Inc., Danaher Corporation, Thermo Fisher Scientific Inc., GenScript Biotech Corporation, Agilent Technologies Inc., Bio-Rad Laboratories Inc., New England Biolabs Inc., PerkinElmer Inc., Amgen Inc., InvivoGen, Enantis s.r.o., Promega Corporation, Merck KGaA, Aragen Bioscience Inc., Creative BioMart, Waters Corporation, Genentech Inc., Novartis AG, Pfizer Inc., Roche Holding AG, Sanofi S.A., GlaxoSmithKline PLC, Johnson & Johnson, Eli Lilly and Company, AbbVie Inc., Bristol-Myers Squibb Company, AstraZeneca PLC, Biogen Inc., Abzena plc.

Which Regions Will Dominate the Protein Engineering Market Through 2029?
North America was the largest region in the protein engineering market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the protein engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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