The growth of protein antibody engineering market is majorly driven by factors such as the increasing investments in synthetic biology and the growing focus on protein-based drug development by pharmaceutical and biotechnology companies.
[146 Pages Report] The global protein engineering market is projected to reach USD 3.9 billion by 2024 from USD 2.2 billion in 2019, at a CAGR of 12.4% during the forecast period.
Protein Engineering Market by Technology (Rational Design, Irrational Design), Product & Service (Instrument, Consumables), Protein Type (Monoclonal Antibodies, Insulin), End User (Academics Institutes, Biopharmaceuticals, CROs) - Global Forecast to 2024
What drives the market?
- Increasing Investments in Synthetic Biology
- Growing Focus on Protein-Based Drug Development By Pharmaceutical & Biotechnology Firms
However, factors such as the high cost of instruments and laboratory documentation systems are expected to restrain the growth of protein antibody engineering market during the forecast period.
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North America accounted for the largest share of the global protein engineering market in 2019
The global protein antibody engineering market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest share of the global protein antibody engineering market, closely followed by Europe. Factors such as the presence of well-established CROs, rising R&D expenditure, and the availability of the latest techniques and instruments for drug discovery research are responsible for the large share of the North American market. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. This can majorly be attributed to the advancements in genomics and proteomics research and government initiatives and funding for protein-based drug research in several Asia Pacific countries.
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Key Market Players
The major companies operating in the protein antibody engineering market include Thermo Fisher Scientific (US), Danaher Corporation (US), Agilent Technologies (US), and Bio-Rad Laboratories (US).
Thermo Fisher Scientific (US) held the leading position in this market primarily due to its strong portfolio of protein engineering consumables, instruments, and services. In addition, the company has strengthened its market position through the expansion of its product portfolio by launching new products every year.
Recent Developments:
- In 2019, Creative Biolabs (US) launched the cd25 monoclonal antibody.
- In 2019, Waters Corporation (US) launched Vanguard FIT Cartridge Technology.
- In 2019, Agilent Technologies (US) acquired BioTek Instruments (US), which helped the company to expand its expertise in cell analysis and establish its position in the immuno-oncology and immunotherapy markets.
- In 2019, Merck KGaA signed a license agreement with Amunix Pharmaceuticals, Inc. (US). Under this agreement, Amunix will gain the rights to develop therapeutics using the protease-triggered immune activator (ProTIA) technology platform.
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Factors such as the increasing investments in synthetic biology and the growing focus on protein-based drug development by pharmaceutical and biotechnology companies are expected to drive the growth of this protein engineering market in the coming years.
However, factors such as the high cost of instruments and laboratory documentation systems are expected to restrain the growth of this market during the forecast period.
The protein engineering market is estimated to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024, at a CAGR of 12.4% during the forecast period.
Factors such as the presence of well-established CROs, rising R expenditure, and the availability of the latest techniques and instruments for drug discovery research are responsible for the large share of the market.
The global protein engineering market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World.
In 2019, North America accounted for the largest share of this market majorly due to the advancements in genomics and proteomics research and government initiatives and funding for protein-based drug research.
The research study involves two major activities in estimating the current size of the protein engineering market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
Both top-down and bottom-up approaches were employed to estimate the complete market size.
After that, market breakdown and data triangulation were used to estimate the size of segments and sub-segments.Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=898Major Market Growth Drivers: The growth of Protein Antibody Engineering Market is majorly driven by factors such as the increasing investments in synthetic biology and the growing focus on protein-based drug development by pharmaceutical and biotechnology companies.
However, factors such as the high cost of instruments and laboratory documentation systems are expected to restrain the growth of Protein Engineering Market during the forecast period.Revenue Growth Analysis: [146 Pages Report] The global protein engineering market is projected to reach USD 3.9 billion by 2024 from USD 2.2 billion in 2019, at a CAGR of 12.4% during the forecast period.
Browse and in-depth TOC on "Protein Engineering Market " 132 – Tables 32 – Figures 146 – Pages Rational protein design is the largest technology segment in the protein engineering market Based on technology, the Protein Engineering Market is segmented into rational and irrational protein design.
November 2, 2018: About Protein EngineeringProtein engineering involves introducing changes to the structure of proteins to create new proteins.Radiant Insights analysts forecast the global protein engineering market to grow at a CAGR of 15.55% during the period 2018-2022.Covered in this reportThe report covers the present scenario and the growth prospects of the global protein engineering market for 2018-2022.
To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography: AmericasAPACEMEATo Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/global-protein-engineering-market-2018-2022/request-sampleRadiant Insights report, Global Protein Engineering Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.Key vendors Agilent TechnologiesGenscriptIntrexonLonzaPerkin ElmerThermo FisherMarket driverIncreasing incidences of diseases to rise demand for novel protein therapeuticsFor a full, detailed list, view our reportMarket challengeLack of trained laboratory professionalsFor a full, detailed list, view our reportMarket trend Application of protein engineering in enzyme technologyFor a full, detailed list, view our reportKey questions answered in this report What will the market size be in 2022 and what will the growth rate be?What are the key market trends?What is driving this market?What are the challenges to market growth?Who are the key vendors in this market space?To Browse Full Research Report @: https://www.radiantinsights.com/research/global-protein-engineering-market-2018-2022About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
Protein engineering market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised ma0rket players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research protein engineering market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.The process of developing useful or important proteins is protein engineering.
Growing demand for protein therapeutics over non protein drugs is expected to enhance the market in the forecast period of 2020 to 2027.While preparing this finest Protein Engineering Market research report, proficient team and their potential capabilities have been employed.
To keep marketplace clearly into focus, the analysis of Protein Engineering Market industry has been performed in this report which is based on most up to date market insights.
The market research data explored in this Protein Engineering Market report is analysed and forecasted using market statistical and coherent models.This Protein Engineering Market research report contains the most recent market information with which companies can get in depth analysis of Protein Engineering Market industry and future trends.
This Protein Engineering Market research report offers wide-ranging analysis of the market structure for Protein Engineering Market industry along with estimations of the various segments and sub-segments of the market.
Protein engineering market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised ma0rket players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research protein engineering market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.The process of developing useful or important proteins is protein engineering.
Growing demand for protein therapeutics over non protein drugs is expected to enhance the market in the forecast period of 2020 to 2027.While preparing this finest Protein Engineering Market research report, proficient team and their potential capabilities have been employed.
To keep marketplace clearly into focus, the analysis of PROTEIN ENGINEERING MARKET industry has been performed in this report which is based on most up to date market insights.
The major features of this report are; comprehensive and distinct analysis of the market drivers and restraints, top market players involved in this industry, thorough analysis of the market segmentation, and competitive analysis of the key players.
The market research data explored in this PROTEIN ENGINEERING MARKETreport is analysed and forecasted using market statistical and coherent models.This Protein Engineering Market research report contains the most recent market information with which companies can get in depth analysis of PROTEIN ENGINEERING MARKET industry and future trends.
Protein engineering market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised ma0rket players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research protein engineering market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.The process of developing useful or important proteins is protein engineering.
Growing demand for protein therapeutics over non protein drugs is expected to enhance the market in the forecast period of 2020 to 2027.While preparing this finest Protein Engineering Market research report, proficient team and their potential capabilities have been employed.
To keep marketplace clearly into focus, the analysis of PROTEIN ENGINEERING MARKET industry has been performed in this report which is based on most up to date market insights.
The major features of this report are; comprehensive and distinct analysis of the market drivers and restraints, top market players involved in this industry, thorough analysis of the market segmentation, and competitive analysis of the key players.
The market research data explored in this PROTEIN ENGINEERING MARKETreport is analysed and forecasted using market statistical and coherent models.This Protein Engineering Market research report contains the most recent market information with which companies can get in depth analysis of PROTEIN ENGINEERING MARKET industry and future trends.
