Global Protein Engineering Market 2019-2025
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Global Protein Engineering Market Size, Share & Trends Analysis Report by Technology (Rational Protein Design and Irrational Protein Design), by Protein Type (Monoclonal Antibodies, Insulin, Erythropoietin, Interferon, Colony Stimulating Factor, Coagulation Factor, Vaccines, and Others), by Product (Instruments, Services and Software, and Reagents), and by End-User (Academic Research Institutes, Pharmaceutical and Biotechnology Companies, and Contract Research Organizations), and Forecast 2019-2025
The global protein engineering market is expected to grow significantly at a CAGR of 16% during the forecast period. The global protein engineering market is showing promising growth opportunities owing to the increasing number of engineered proteins and amino acids across the globe. Furthermore, the increasing prevalence of lifestyle and chronic diseases, such as CVD, CHD, blood pressure, and diabetes will further boost the demand for protein engineering around the globe. Apart from this, favorable initiatives by the European and American government to support the growth of protein engineering, globally, establish a healthy platform for the protein engineering. However, high cost of engineering instrument and high maintenance cost of tools and instruments will affect the growth of the global protein engineering market in future. Furthermore, the stringent rules, low R&D investment, high probability of meeting the failure of the research, and lack of awareness among users are some of the other challenges that may influence the market growth in future.
Geographically, the global protein engineering market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The North American region is contributing a significant share in the global protein engineering market owing to the rising lifestyle-related diseases and rising adoption of protein-based drugs in the region. Governments of Brazil, the US, and Canada have been highly supportive of the advancements in protein engineering coupled with the cohesive regulatory environment for companies in the North American market. Additionally, Asia-Pacific is propelling with a considerable growth rate in the global protein engineering market. Rising chronic diseases and increasing adoption of innovative techniques for protein engineering are some of the factors that are contributing towards market growth in Asia-Pacific.
The key players in the protein engineering market include AB SCIEX, LLC, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Waters Corp., GenScript Biotech Corp., Thermo Fisher Scientific Inc., General Electric Co., Eli Lilly and Co., and Novartis International AG. These players are playing a significant role in the growth of the protein engineering market by providing various products and adopting several strategies such as a merger and acquisition, partnerships and collaboration, technological development; among other strategies.
The market study of the global protein engineering market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
The report is intended for the global protein engineering market players, research institutes, pharmaceutical and biotechnology companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
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