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Table of Contents
Protein engineering is defined as the process for the development of new, valuable and useful proteins and production of unnatural polypeptides, through the modification of amino acid sequences that are found in nature. Synthetic protein structures and functions can now be designed entirely on a computer or produced through directed evolution in the laboratory. Protein engineering holds the potential to transform the metabolic drug landscape through the development of smart, stimulus-responsive drug systems.
Proteins possess a dynamic ability of less immunogenicity and high specificity hence can be used as therapeutics agents. Thus smart therapeutics with biochemical logic are being develop by utilizing protein engineering. Protein therapeutics are a rapidly expanding segment of food and drug. The increasing of government initiatives target to enhance protein engineering capabilities is anticipated to give high growth to the market. This has resulted in a significant rise in number of research activities & programs and fund allotment for R&D.
The North America region is the largest protein engineering market followed by Europe and it is expected that both these markets are estimated to register double-digit growth rates during the forecast period. Asia Pacific is anticipated to witness an exponential during the forecast period. Despite many investments in the protein manufacturing sector, there is shortage of skilled labor, need for qualified researchers and essential training, high costs and high-maintenance tools & instruments used in protein engineering acts as a barrier to protein engineering market in most of the developed and under-developed countries.
Protein Engineering Market Report: Product Type
Protein Engineering Market Report: Application
Protein Engineering Market: Company Analysis
Geographical analysis of Protein Engineering Market:
Global Protein Engineering Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 2179.07 million |
Forecast Value (2031) |
USD 5831.75 million |
CAGR (2025-2030) |
15.1 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Protein Engineering Market was valued at around USD 2179.07 million in 2023 & estimated to reach USD 5831.75 million by 2030.
Protein Engineering Market is likely to grow at Compound Annual Growth Rate (CAGR) of 15.1% between 2024 to 2030.
Protein Engineering Market is dominated by the Rational Protein Design segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Protein Engineering Market are Agilent, Ab-Sciex, Bio-Rad, Bruker, Ge, Perkin, Sigma-Aldrich, Thermo Fisher, Waters.
Primary driving factors for the growth of the Protein Engineering Market include Increasing of government initiatives target to enhance protein engineering capabilities.
Yes, the report includes COVID 19 impact on the market.
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