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Protein Expression Market - Opportunities, Competitive Analysis
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The rising protein biologics market, increasing prevalence of chronic diseases, growth in the aging population, increase in life sciences and biopharmaceutical industries, availability of funding for protein-based research and technological advancements are key drivers for the growth of protein expression market. Sales drop in the pharmaceutical industry due to current patent expiries of major drugs, have induced intense research and development of novel pharmaceuticals in various categories. This has in turn increased the demand for more proteins in this market, hence contributing towards the growth of the market.
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Globally, North America holds the largest market share followed by Europe. These regions have the largest share in the protein expression industry due to factors such as the presence of a well-established healthcare infrastructure and also vigorous R&D activities taking place in the region. However, Asia-Pacific is expected to witness the highest growth during the forecast period. The rising prevalence of chronic diseases in emerging countries such as China and India drives the growth of the market in Asia-Pacific.
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In February 2017, Takara Bio USA Holdings, Inc. (“TBUSH”), a part of Takara Bio Inc. completed the acquisition of WaferGen Bio-systems, Inc. (“WaferGen”). This acquisition was done to allow Takara Bio Group to augment and expand its global commercial offerings in transcriptomics, and create new market opportunities in other area of genomics.
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