According to Emergen Research, the global protein engineering market size was USD 2.81 billion in 2020 and is expected to reach USD 6.95 billion in 2028 and register a revenue CAGR of 12.7% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Protein Engineering Market, By Technology (Directed Evolution, Rational Protein Design, Hybrid Approach), By Protein Type (Growth Hormones, Monoclonal Antibodies, Coagulation factors, Vaccines, Interferon, Colony Stimulating Factors, Others), By Product (Software & Services, Instruments, Consumables), By End-use (Biopharmaceutical Companies, Academic Research Institutes, Contract Research Organizations), and By Region Forecast to 2028”
According to Emergen Research, the global protein engineering market size was USD 2.81 billion in 2020 and is expected to reach USD 6.95 billion in 2028 and register a revenue CAGR of 12.7% during the forecast period, 2021-2028.
Market Dynamics:
Steady revenue growth of the global protein engineering market is attributed to factors such as rising focus of pharmaceutical and biotechnology companies on research & development of protein-based drugs due to advantages over non-protein drugs, such as higher cost-effectiveness and improved patient outcomes. Protein engineering is the process of building valuable proteins through insertion, deletion, or substitution of nucleotides in the encoding gene. The technology facilitates the design and production of proteins for numerous medical and industrial applications. In the agrochemical industry, protein engineering plays a significant role by aiding in improvement of crop yield, as well as production of key enzymes and biofuels. Rising prevalence of protein deficiency disorders including protein-energy malnutrition (PEM) – particularly in low-income countries around the world – growing awareness of health & well-being among the population, increasing public and private investments in synthetic biology, and continuous advancements in protein engineering technologies are among the other key factors expected to drive revenue growth of the market over the upcoming years.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Rational Protein Design Segment Accounted for Largest Revenue Share in 2020:
Based on technology, the global protein engineering market is segmented into Directed Evolution, Rational Protein Design, and Hybrid Approach. The rational protein design segment was dominated other technology segments in terms of revenue share in the global market in 2020. Major factors driving the revenue growth of this segment are increasing protein engineering R&D programs in the pharmaceutical and biotechnology sectors, and rapid deployment of rational protein design technology in protein analysis.
Monoclonal Antibodies Segment to Account for Fastest Revenue CAGR:
Based on protein type, the global protein engineering market is segmented into Growth Hormones, Monoclonal Antibodies, Coagulation factors, Vaccines, Interferon, Colony Stimulating Factors, and Others. The monoclonal antibodies segment is projected to register the fastest revenue growth rate in the global market over the projected period. Increasing research & development activities for advanced monoclonal antibodies, rising focus on development of protein-based drugs, and rise in public and private investments in the area of synthetic biology are major factors boosting revenue growth of this segment.
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North America Accounted for Largest Revenue Share in 2020:
Among the regional markets, the North America protein engineering market accounted for the largest revenue share in the global market in 2020. Presence of avant-garde healthcare infrastructure in the region, rapid adoption of innovative techniques for drug development, and rise in government investments in genomic and proteomic research & development activities are some of the primary factors boosting the regional market revenue growth.
Major Companies in the Global Protein Engineering Market Include:
- GE Healthcare
- Merck KGaA
- Agilent Technologies, Inc.
- Thermo Fisher Scientific, Inc.
- Waters Corporation
- Danaher Corporation
- Codexis, Inc.
- Genscript Biotech Corporation
- Bio-Rad Laboratories
- Bruker Corporation
For the purpose of this report, Emergen Research has segmented the global protein engineering market based on technology, protein type, product, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Directed Evolution
- Rational Protein Design
- Hybrid Approach
Protein Type Outlook (Revenue, USD Billion; 2018–2028)
- Growth Hormones
- Monoclonal Antibodies
- Coagulation factors
- Vaccines
- Interferon
- Colony Stimulating Factors
- Others
Product Outlook (Revenue, USD Billion; 2018–2028)
- Software & Services
- Instruments
- Consumables
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Biopharmaceutical Companies
- Academic Research Institutes
- Contract Research Organizations (CROs)
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Region Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Reasons to buy the report:
- This study segments the Protein Engineering market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Protein Engineering sectors.
- This Protein Engineering report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Protein Engineering market.
Key features of the report:
- To study the key aspects impacting the Protein Engineering market size.
- To identify growth prospects in the Protein Engineering market.
- To analyze the Protein Engineering market segments and deduce the dominant trends observed in the industry.
- To examine the Protein Engineering market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Protein Engineering market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Protein Engineering Market Segmentation & Impact Analysis
4.1. Protein Engineering Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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