The "Protein Engineering Market Size, Share & Trends Analysis Report By Product (Reagents, Instruments), By Protein Type (Insulin, Vaccines), By End-use (CROs, Pharma & Biotech Companies), By Technology, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global protein engineering market size is expected to reach USD 7.62 billion by 2030, registering a CAGR of 16.60% during the forecast period.
One of the key factors fueling the industry's growth is the rising demand for non-chemical medicinal alternatives for the treatment of chronic diseases globally. Furthermore, due to the favorable clinical outcomes connected to protein-based treatments, these therapeutics are now preferred over conventional synthesized pharmaceuticals, which is expected to accelerate market growth.
The rising number of government activities, such as funding research and advancement for engineering novel therapeutics further influence the industry growth.
In addition, the market is positively impacted by improvements in healthcare infrastructure, an increase in healthcare spending, growth in the geriatric population, and an increase in investments in health-related research & development globally.
Furthermore, key companies are expected to have profitable opportunities due to the growth in technological advancements in the protein engineering field.
For instance, in February 2022, Tierra Biosciences unveiled the Tierra Protein Platform, an e-commerce platform that enables consumers to receive unique protein engineering products manufactured, verified, and dispatched to them in only a few clicks.
The platform offered by Tierra offers a quicker and more practical alternative to conventional approaches for finding thousands of proteins for use in R&D. The COVID-19 pandemic has boosted the industry growth due to applications of protein engineering in the production of COVID-19 vaccines and diagnostics.
A bioluminescent diagnostic kit, for instance, was developed in July 2021 by scientists at the Eindhoven University of Technology in Germany. It can be utilized to determine whether an individual's immune system is producing antibodies in reaction to the coronavirus. Similarly, it is anticipated that the market will witness substantial growth during the forecast period as a result of the rising R&D efforts for engineering COVID-19 treatments.
Protein Engineering Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
3.1 Parent Market Analysis
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing Adoption Of Protein-Based Drugs
3.2.1.2 Increasing Research & Development Activities In The Biopharmaceutical Industry
3.2.1.3 Growing Funding Opportunities For Protein Engineering
3.2.2 Market Restraint Analysis
3.2.2.1 High Maintenance Costs Associated With Protein Engineering Tools & Instruments
3.2.2.2 Limited Availability Of Qualified Researchers And Need For Advanced Training In Protein Engineering
3.3 Penetration & Growth Prospect Mapping
3.4 Protein Engineering Market - Porter's Analysis
3.5 Protein Engineering Market - Swot Analysis
3.6 Covid-19 Impact Analysis
Chapter 4 Product Business Analysis
Chapter 5 Technology Business Analysis
Chapter 6 Protein Type Business Analysis
Chapter 7 End-Use Business Analysis
7.1 Protein Engineering Market - End-Use Movement Analysis
7.2 Academic Research Institutes
7.2.1 Global Academic Research Institutes Market, 2018 - 2030 (USD Million)
7.3 Contract Research Organizations
7.3.1 Global Contract Research Organizations Market, 2018 - 2030 (USD Million)
7.4 Pharmaceutical & Biotechnology Companies
7.4.1 Global Pharmaceutical & Biotechnology Companies Market, 2018 - 2030 (USD Million)
Chapter 8 Regional Business Analysis
Chapter 9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/aa162q
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