Protein Expression Market - Significant Growth Rate
Huge opportunities in proteomics and increasing research activities in the pharmaceutical industry is driving the growth of protein expression market. Biotechnology based organizations mostly rely on protein expression for developing novel therapeutics with minimal side effects. At present, protein expression market is a profitable market venture due to increasing occurrence rate of various drug resistance diseases and high government support for biotechnology based drug development; which makes this industry a highly attractive market.
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Geographically, North America followed by Europe accounts for the largest market share of the protein expression due to the increasing adoption rate for biotechnology based therapeutics and high involvement of pharmaceutical companies in developing protein based predictive and personalized medicines. Moreover, emerging regions such as Asia Pacific, Latin America and Middle East is expected at an appreciable growth rate due to the increasing growth of pharmaceutical and biotechnology outsourcing along with the high research and development initiatives. Furthermore, rapidly growing countries such as China, India and Brazil, where herbal medicine is preferred more over pharmaceutical products could boost the demand for botanical gene therapies with significantly noticeable positive outcome.
At present, the protein expression market is a highly attractive and profitable market due to the increasing adoption of biotechnology as well as genetic engineering in pharmaceutical industry and medical science. Some of the major players involved with the protein expression market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., EMD Millipore, Life Technologies Corporation, Oxford Expression Technologies Ltd., Promega Corporation, QIAGEN N.V., TAKARA BIO INC. and Thermo Fisher Scientific Inc.
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