The Protein Engineering Market Growth was estimated to be worth USD 2.2 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 16.7% during the forecast period of 2023-2030, reaching a value of USD 7.5 billion by 2030.
Protein engineering, a rapidly expanding field, holds immense potential for various industries. With advancements in technology and increasing demand for novel therapeutics and biocatalysts, the market is poised for significant growth in the coming years.
The estimated market size of USD 2.2 billion in 2022 reflects the current market landscape, which is driven by factors such as rising investments in research and development, growing prevalence of chronic diseases, and the need for personalized medicine. These factors, coupled with the increasing adoption of protein engineering techniques in drug discovery and development, are expected to fuel market growth.
Looking ahead, the market is anticipated to witness a robust CAGR of 16.7% during the forecast period of 2023-2030. This growth can be attributed to several factors, including the expanding biopharmaceutical industry, advancements in protein engineering technologies, and the rising demand for efficient and targeted therapeutics.
Furthermore, the increasing focus on precision medicine and the development of biologics are expected to drive the demand for protein engineering solutions. The ability to modify and optimize proteins for specific applications, such as improving drug efficacy or enhancing enzyme performance, makes protein engineering a valuable tool in the pharmaceutical, biotechnology, and industrial sectors.
In conclusion, the Protein Engineering Market is poised for substantial growth, with an estimated value of USD 7.5 billion by 2030. The market's expansion is driven by factors such as technological advancements, increasing investments in research and development, and the growing demand for personalized medicine. As the demand for novel therapeutics and biocatalysts continues to rise, protein engineering is set to play a pivotal role in shaping
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Market Segmentation
By Product
Instruments
Reagents
Software & Services
By Technology
- Rational Protein Design
- Directed Evolution
- Hybrid Approach
- De Novo Protein Design
- Others
By Protein Type
- Insulin
- Monoclonal Antibodies
- Vaccines
- Growth Factors
- Colony Stimulating Factors
- Coagulation Factors
- Interferon
- Others
By End User
- Academic Research Institutes
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
Key Players
The major key players are Agilent Technologies, Bruker Cor., Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Waters Corp., Insightful Science, Bio-Rad Laboratories, Merck KGaA, Danaher Corp., Genscript Biotech Corp., Amgen, Inc., and Others.
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Protein Engineering Market Segmentation, By Product
9.Protein Engineering Market Segmentation, by Technology
10.Protein Engineering Market Segmentation, by Protein Type
11.Regional Analysis
12.Company Profile
13.Competitive Landscape
14.USE Cases and Best Practices
15.Conclusion
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