Key factors driving global market revenue growth are technological advancements in molecular genetics and rising demand for biologics. In addition, increasing prevalence of various chronic diseases such as diabetes, multiple sclerosis, and cancer is expected to boost market revenue growth over the forecast period.
Rising investments in proteomics, increasing public awareness about protein expression as critical clinical tool, and availability of favorable reimbursement facilities are some key factors expected to drive market growth
The global protein expression market is expected to reach USD 6.07 Billion in 2028 and register a robust revenue CAGR of 13.5% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth are technological advancements in molecular genetics and rising demand for biologics. In addition, increasing prevalence of various chronic diseases such as diabetes, multiple sclerosis, and cancer is expected to boost market revenue growth over the forecast period.
Protein expression is a process in which proteins are synthesized, modified, and regulated inside living organisms. It has become a vital laboratory technique in molecular biology, biochemistry, and protein research. Protein expression can be achieved by modifying gene expression and this includes 3 steps, namely, translation, transcription, and post-translational modification. It is widely used in therapeutics and industrial applications to treat various chronic and autoimmune diseases. This market is significantly driven by factors such as rising number of contract research organizations, increasing preference for outsourcing services, and enhancement of healthcare infrastructure and research facilities. Increasing demand for therapeutic proteins, higher healthcare and research expenditure, and rising number of pharmaceutical and biotechnology companies across the globe are some other factors driving the global market growth.
However, factors such as stringent regulatory norms, shortage of funds for research, lack of skilled healthcare professionals in research institutes, especially in developing countries, and high cost of protein expression reagents and instruments are factors that could hamper global market growth during the forecast period.
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Drivers, Restraints, and Opportunities
The way proteins are generated, changed, and regulated in living organisms is referred to as protein expression. Proteins are synthesized and controlled in response to the cell’s functional requirements. It has become a critical laboratory tool in research, molecular biology, and biochemistry, as well as other scientific domains that work with functional proteins and this is is expected to drive revenue growth of the protein expression market over the forecast period. Recombinant proteins are used as medicines, vaccines and diagnostic reagents as a result of recent advances in the field of recombinant DNA technology. Recombinant protein is an altered form of native protein that is produced in a variety of methods to boost protein output, tweak gene sequences, and produce commercially viable products.
In addition, ongoing extensive R&D activities on the development of genetic engineering and advancements in disease detection technology are other factors expected to contribute to revenue growth of the market. The demand for therapeutic proteins such vaccines, hormones, are increasing due to rising prevalence of chronic diseases such as cardiovascular disease, and genetic disorders. As a result, a number of prominent corporations are concentrating their efforts on researching and manufacturing improved therapeutic medications and proteins for the treatment of a variety of such diseases which is further boosting research for understanding functional characteristics of proteins. However, lack of skilled healthcare professionals, stringent regulatory norms and high capital investments is required for genomic research activities are factors expected to restrain protein expression market revenue growth during the forecast period.
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
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Research Segment to Lead in Terms of Revenue Share:
Research segment is expected to account for largest revenue share in the global market over the forecast period attributed to increasing investments in proteomics and genomics based research, high focus on drug research owing to rise in number of patients suffering from chronic diseases such as cancer, arthritis, diabetes, and infectious diseases, and growth in the geriatric population.
Pharmaceutical & Biotechnology Companies Segment to Register Significant Revenue Growth:
Pharmaceutical & biotechnology companies segment is expected to register significant revenue growth over the forecast period due to rising demand for therapeutic proteins, ongoing research-based activities on proteomics, increasing number of pharmaceutical and biotechnology firms globally owing to high government focus on developing new biologics.
North America to Register Robust Revenue Growth Rate:
North America is expected to register robust revenue growth rate over the forecast period attributable to rapid advancements in protein expression, growing demand for precision medicine, high focus on research & development process, presence of well-structured healthcare and research infrastructure, rapidly expanding biopharmaceutical and biotechnology sectors and presence of leading market players.
Asia Pacific Accounted for Largest Revenue Share in 2020:
Asia Pacific is expected to account for largest revenue share in the global market in 2020 over the forecast period attributable to rising number of contract research organizations (CRO), and increasing private funds on research and development activities on protein expression. In addition, favorable regulations related to biologics and high patient pool, especially in emerging economies including Malaysia, India, and China, are some other factors contributing to revenue growth of the APAC market.
Major Companies in the Market Include:
- Agilent Technologies, Inc.
- Thermo Fisher Scientific Inc.
- Bio-Rad Laboratories, Inc.
- Merck KGaA, Promega Corporation
- New England Biolabs
- Qiagen, Takara Bio, Inc.
- Sino Biological Inc.
- Genscript Biotech Corporation
- ProteoGenix
- Bioneer Corporation
- Peak Proteins Ltd.
- Oxford Expression Technologies Ltd.
- ARTES Biotechnology GmbH
- Synthetic Genomics Inc.
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Market Segmentation:
For the purpose of this report, Reports and Data has segmented global protein expression market based on expression system, product, application, end-use, and region:
Expression Systems Outlook (Revenue, USD Billion, 2018-2028)
- Prokaryotic expression Systems
- Escherichia coli Systems
- Others
- Mammalian cell Systems
- Insect cell systems
- Baculovirus Expression Systems
- Others
- Yeast Systems
- Kluyveromyces Lactis Systems
- Saccharomyces Systems
- Pichia Systems
- Others
- Cell-free Expression Systems
- Others
Product Outlook (Revenue, USD Billion, 2018-2028)
- Reagents
- Competent Cells
- Expression Vectors
- Services
- Instruments
Application Outlook (Revenue, USD Billion, 2018-2028)
- Therapeutic
- Industrial
- Research
End Use Outlook (Revenue, USD Billion, 2018-2028)
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Contract Research Organizations
- Others
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA
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