The latest research study “Protein Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global protein engineering market reached a value of US$ 2.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027 exhibiting a CAGR of 11.60% during 2022-2027.
Protein engineering is the process of developing or changing a protein sequence to achieve satisfactory results. It involves synthesizing new proteins or modifying the existing structure. It also possesses an ability of less immunogenicity and can be utilized as a therapeutic agent. Protein engineering is widely utilized for producing proteins and enzymes in large excesses for industrial sectors. Nowadays, researchers have successfully engineered a broad range of proteins tailored to health, industry, medicine, research, and biotechnology applications.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Protein Engineering Market Trends and Drivers:
The market is primarily driven by the increasing investments in synthetic biology and the improving focus on protein-based drug development procedures. In addition, the rising preference for protein therapy over non-protein due to their associated positive clinical outcomes is another major growth-inducing factor. In line with this, the growing prevalence of protein-deficient diseases is augmenting the market growth.
Moreover, various initiatives undertaken by governments of different countries are funding research and development (R&D) activities in the field of protein engineering. Along with this, the ongoing application of protein engineering in agrochemical industries to develop improved enzyme function for increasing crop yield and facilitating biofuel production is creating a positive market outlook.
Other factors, including the rising demand for personalized medicines, increasing usage of monoclonal antibodies to treat cancer and autoimmune diseases, and advanced healthcare facilities, are also propelling the market growth.
|Protein Engineering Market Report Scope|
|Market size value in 2021||US$ 2.61 Billion|
|Market forecast in 2027||US$ 5.18 Billion|
|Growth Rate||CAGR of 11.60% from 2022 to 2027|
|Base year for estimation||2021|
Global Protein Engineering Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abzena Ltd., Agilent Technologies Inc., Amgen Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Codexis Inc., Danaher Corporation, Eli Lilly and Company, General Electric Company, Merck KGaA, Novo Nordisk A/S, PerkinElmer Inc., Thermo Fisher Scientific Inc. and Waters Corporation.
The report has segmented the market on the basis of region, product & services, protein type, technology and end user.
Breakup by Product & Services:
- Services and Software
Breakup by Protein Type:
- Monoclonal Antibodies
- Coagulation Factors
- Growth Factors
Market Breakup by Technology:
- Irrational Protein Design
- Rational Protein Design
Breakup by End User:
- Pharmaceutical and Biotechnology Companies
- Academic Research Institutes
- Contract Research Organizations
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.