According to a new market report published by Lucintel, the future of the protein engineering market looks promising with opportunities in biopharmaceutical companies, contract research organizations, and academic research institutes. The global protein engineering market is expected to grow with a CAGR of 16% from 2020 to 2025. The major drivers for this market are rise in investment in synthetic biology and increasing protein-based drug development by pharmaceutical & biotechnology companies.
Protein engineering is the process of developing useful or valuable proteins. In this market, instruments, consumables, and software & services are the major product & service segments. Lucintel forecasts that instruments will remain the largest product & service segment over the forecast period due to the extensive usage of new technologies and process advancements in proteomic research and high preference for automated technology by researchers in order to facilitate a faster molecule development process.
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Within this market, biopharmaceutical companies will remain the largest end user segment over the forecast period due to the wide use of protein engineering in drug discovery and development of models to develop a broad range of protein-based drugs.
North America will remain the largest region over the forecast period due to the presence of a large number of pharmaceutical and biotechnology companies & a well-established healthcare market, rising R&D expenditure, and the availability of the latest techniques & instruments for drug discovery research in the region.
Bio-Rad Laboratories, Thermo Fisher Scientific, Agilent Technologies, Danaher, PerkinElmer, GE Healthcare Merck, and GenScript are among the major suppliers in the global protein engineering market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global protein engineering market by product & service, protein type, technology, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Protein Engineering Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global protein engineering market by product & service, protein type, technology, end user, and region as follows:
By Product & Service [Value ($ Million) shipment analysis for 2014 – 2025]:
Instruments
Consumables
Software & Services
By Protein Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Monoclonal Antibodies
Erythropoietin
Interferons
Vaccines
Colony-Stimulating Factors
Growth Hormones
Coagulation Factors
Other Proteins
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Rational Protein Design
Irrational Protein Design
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Biopharmaceutical Companies
Contract Research Organizations
Academic Research Institutes
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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