3rd October 2019 – The global Protein
Expression Market is anticipated to grow at a CAGR of 10.4% by 2025 and
is expected to cross USD 3.0 billion in the forecast period. Protein expression
could prove to be a complex process, since each protein requires intracellular
milieu to significantly achieve secondary features. Proteins, on the other
hand, may also receive certain modifications to cellular membrane to function
effectively.
Protein expression industry is driven by
factors such as rise in protein production, biologics production, and research.
Rise in demand for biologics by manufacturers also propels the market growth in
the forecast period. Increase in R&D activities, governments’ investments,
effective mergers and acquisitions are also expected to drive the growth of
protein expression market in the forecast period. On the other hand, prevalence
of chronic diseases such as cancer, asthma, and arthritis are likely to add to
the market growth. However, stringent regulations imposed by governing
authorities for drug approvals are expected to hinder the market growth in the
forecast period.
The protein expression industry is segmented
as expression systems, product, application and geography. Product segmentation
for protein expression market includes mammalian cell, yeast, insect, and
prokaryotic. Prokaryotic expressions are anticipated to grow at a higher CAGR
in the forthcoming period due to high revenue generating segment and increase
in production capacity.
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Application segment includes research,
diagnostics, and therapeutics. “Therapeutic” segment is further sub-segmented
into insulin, antibodies, growth factors, blood factors, enzymes, and
interferons. “Therapeutic” application is expected to grow at an enormous CAGR
in the forecast period owing to increase in production of biologics. The
segment is also anticipated to grow rapidly in the forecast period due to
rising popularity of therapeutic drugs over generic drugs. “Research”
application is further anticipated to grow at a substantial CAGR in the
forecast period due to increase in government funding and high accuracy.
Geographical segmentation for protein
expression industry includes North America, Latin America, Europe,
Asia-Pacific, Middle East, and Africa. North American market is expected to
account for a significant market share in the forthcoming period due to rise in
government investment coupled with rise in biopharmaceutical and biotechnology
sector as well as presence of well-defined healthcare infrastructure.
Asia-Pacific’s protein expression market
is expected to grow at a positive CAGR in the upcoming period due to
availability of untapped potential opportunities. Middle Eastern and African
markets are anticipated to grow at a positive CAGR in the forecast period owing
to improving healthcare infrastructure and increasing base of medical
professionals in these areas. The key players in the protein expression
industry include Agilent Technologies, Bio-Rad Laboratories Inc, Thermo Fisher
Scientific Inc, New England Biolabs, Merck KGaA, Qiagen, Promega Corporation
and Takara Bio Inc.
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