The global Protein Engineering Market is expected to reach USD 6.17 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing adoption of protein-based drugs compared to non-protein drugs. In addition, growing initiatives of the government, such as funding to encourage the research activities or increasing investments for the improvement of the healthcare infrastructure, are expected to drive the market's growth.
The pandemic has severely disrupted the supply chain and raw material supplies of the healthcare industry. With the spread of the COVID-19, there is a sudden increase in the need for the vaccine, resulting in increased research and development of the vaccine and drug testing. The government worldwide is investing a substantial amount of funds in the research and development. The Protein engineering market is expected to get significantly affected due to the numerous kinds of research carried out in this field.
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Key participants include Danaher Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Waters Corporations, Bio-Rad Laboratories, Merck KGaA, Bruker Corporation, Codexis, Inc., Genscript Biotech Corporation, and GE Healthcare, among others.
The Rational Protein Design segment dominated the market with a share of 53.2% in 2019 due to the increasing utilization of bioinformatics software for the analysis of protein.
The Monoclonal Antibodies accounted for the largest market share in 2019 due to the increasing investments in the R D to develop therapeutically advanced monoclonal antibodies.
The Instruments dominated the market with a share of 56.3% in 2019 owing to the technological developments of the instruments.
The latest report is the most recent study that offers 360° coverage of the Protein Engineering industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Protein Engineering market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Emergen Research has segmented the global Protein Engineering Market on the basis of Technology, Protein Type, Product, End-User, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Directed Evolution
Rational Protein Design
Hybrid approach
Protein Type Outlook (Revenue, USD Billion; 2017-2027)
Vaccines
Growth Hormones
Monoclonal Antibodies
Coagulation factors
Interferon
Colony Stimulating Factors
Others
Product Class Outlook (Revenue, USD Billion; 2017-2027)
Software Services
Instruments
Consumables
End-User Class Outlook (Revenue, USD Billion; 2017-2027)
Contract Research Organizations
Academic Research Institutes
Biopharmaceutical Companies
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Report Overview
1.1 Research Scope
1.2 Key Protein Engineering market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Protein Engineering market size
2.2 Latest Protein Engineering market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Protein Engineering market key players
3.2 Global Protein Engineering size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Protein Engineering market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Regional Overview:
The global Protein Engineering market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Protein Engineering market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key questions addressed in the report:
What are the key factors driving the global Protein Engineering market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Protein Engineering market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
Unfolding the prime factors prompting growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Protein Engineering market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
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