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Bioengineered Protein Drugs Market to Reach USD 5.24 Million by 2030, Growing at 4.5% CAGR
►Bioengineered Protein Drugs Market Growth: Charting a Path to US $5.24 Mn by 2030The Bioengineered Protein Drugs Market was valued at US $3.85 Mn in 2023 and is forecast to reach US $5.24 Mn by 2030, registering a robust CAGR of 4.5% from 2024 to 2030 .
Driven by therapeutic protein engineering-with hormones, cytokines, blood factors, and enzyme therapies leading the way-the market is responding to the rising burden of chronic diseases such as cancer, diabetes, autoimmune and cardiovascular conditions .
Higher demand in Asia Pacific is propelled by economic development and increased R&D activities. The competitive landscape features industry giants like Amgen, Roche, Eli Lilly, Johnson & Johnson, and Merck, who are intensifying global alliances and innovative pipelines.
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►United States: Market Growth & Consolidation
Growth & Opportunity: The U.S. leads North America's share, thanks to strong biotech infrastructure and advanced healthcare systems .
Consolidation: Notably, Amgen, Inc. acquired ChemoCentryx in May 2023, fortifying its oncology and autoimmune portfolio .
Trends: Expanding use of monoclonal antibodies and precision therapies continue to dominate.
Updation: U.S. firms are ramping up AI-enabled protein engineering to accelerate time-to-market and efficiency.
►Europe: Strategic Growth & Market Trends
Growth in Europe: Europe ranks second in global share, propelled by R&D funding, competitive biosimilar entry, and patent cliffs .
Trends: High investment in biosimilars is helping to reduce treatment costs and widen access.
Consolidation: Key players like Roche Holding AG and Novartis are deepening collaborations with biotech startups to accelerate innovation.
Opportunity: Strengthened regulatory frameworks enhance clinical trial quality and approval speed.
►Asia Pacific: Surging Demand & Innovation
Asia Pacific Opportunity: This region is set for the fastest growth, driven by growing chronic disease load and biotech investments in China, India, and Japan .
Trends: Emphasis on monoclonal antibodies and fusion proteins; mammalian cell-expression systems are increasingly adopted .
Growth: India's biotech landscape is expanding rapidly amid government initiatives like the PLI and API self-reliance programmes .
Updation: Regional companies such as Biocon Ltd. and Dr. Reddy's Laboratories are forging partnerships with Western firms to co-develop and manufacture biologics.
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►Middle East & Africa: Emerging Trends & Consolidation
Growth: Though a smaller segment, the MEA region is increasing investment in biotechnology and healthcare infrastructure.
Trends: Rising demand for vaccines, blood factors, and enzyme therapies for chronic and genetic disorders.
Consolidation: Collaboration between global companies (e.g., Sanofi, Johnson & Johnson) and regional governments is enhancing supply chains and local capacity.
Opportunity: Strong potential lies in expanding public-private partnerships to unlock regional access to advanced therapeutics.
►Key Recent Developments
Amgen's acquisition of ChemoCentryx (May 2023) strengthens its inflammation and oncology pipeline .
Roche's focus on expanding monoclonal antibodies and immuno-oncology drugs, reinforcing its leadership in high-value biologics .
Asia Pacific investments in mammalian cell culture and fusion protein manufacturing, with booster research in China, India, and Japan .
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► Market Segmentation: In-Depth Analysis:
• by type
Monoclonal Antibodies
Therapeutic Proteins
Vaccines
The market is further divided into three categories based on type: vaccines, therapeutic proteins, and monoclonal antibodies. Humira, Rituxan, Avastin, Herceptin, Remicade, Lucentis, Enbrel, and Synazis are further subdivided into monoclonal antibodies. Additionally, therapeutic proteins are divided into thrombolytic, blood factor, cytokines, hormones, and enzyme therapy. In 2023, the therapeutic protein sector holds the largest market share for bioengineered protein drugs. due to the widespread use of recombinant DNA technology and therapeutic protein engineering.
• by Disease Condition
Cancer
Diabetes
Autoimmune Disorder
Infectious Disease
Hematopoiesis
CVD
Neurodegenerative
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/bioengineered-protein-drugs-market/39151/
► Learn about the top players driving innovation in the Market :
1. Abbott India Ltd.;
2. Amgen, Inc.;
3. Bayer AG;
4. Biocon Ltd.;
5. Dr. Reddy's Laboratories Ltd.;
6. Eli Lilly and Company;
7. F. Hoffmann Roche AG;
8. GlaxoSmithKline PLC;
9. Johnson & Johnson;
10. Merck & Co., Inc.;
11. Novartis International AG;
12. Panacea Biotec Ltd.;
13. ProBioGen AG
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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