IMARC Group, a leading market research company, has recently releases report titled “Protein Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global protein engineering market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Protein Engineering Market?
The global protein engineering market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.
What is Protein Engineering?
Protein engineering refers to the method that involves the synthesis of new proteins or manipulation of the existing structure or sequence to achieve the desired properties. It utilizes the recombinant deoxyribonucleic acid (DNA) technology or chemical synthesis to change the individual amino acids in a standard substance to develop a novel protein with enhanced functions, such as better stability to organic solvents, temperature, or extremes of pH. Protein engineering is widely used for the production of enzymes in large quantities for use in industrial settings. In addition to this, researchers have successfully arranged various kinds of proteins tailored to research, industry, medicine, health, and biotechnology applications across the globe.
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What are the growth prospects and trends in the protein engineering industry?
At present, the increasing demand for aerospace foam to improve the operational efficiency of aircraft represents one of the crucial factors supporting the growth of the market. Besides this, the rising commotion across air travel is propelling the growth of the market.
In addition, the growing travel and tourism activities around the world to explore new destinations are offering a favorable market outlook. Apart from this, the rising demand for polyurethane (PU) foams in creating separators between class segments and lavatories is contributing to the growth of the market.
Additionally, the increasing popularity of expanded polyethylene (EPE) foams, as they provide unparallel dimensional stability and recovery characteristics, is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product & Services:
- Instruments
- Reagents
- Services and Software
Breakup by Protein Type:
- Insulin
- Monoclonal Antibodies
- Coagulation Factors
- Vaccines
- Growth Factors
- Others
Breakup by Technology:
- Irrational Protein Design
- Rational Protein Design
Breakup by End User:
- Pharmaceutical and Biotechnology Companies
- Academic Research Institutes
- Contract Research Organizations
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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