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Increasing demand for protein-based drugs and rising investments by governments for protein engineering are driving the demand of the market

VANCOUVER, BC, CANADA, February 21, 2022 /EINPresswire.com/ -- A novel report on global Protein Engineering market is published by Emergen Research, offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Protein Engineering market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.

The global Protein Engineering Market is expected to reach USD 6.17 Billion by 2027, 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.

Biopharmaceutical companies are extensively investing in the research and development of protein engineering to obtain cost-effective and efficient products with enhanced productivity and better patient outcomes.

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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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Protein Engineering market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

Companies profiled in the global Protein Engineering market:

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.

Key Highlights From The Report

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 Biopharmaceutical Companies dominated the End-User segment due to the growing adoption of the advanced protein engineering processes.

The Asia-Pacific is expected to register the highest CAGR over the forecast period owing to the increasing initiatives of the governments of the developing economies to improve the healthcare infrastructure with advanced and cost-effective therapeutics.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

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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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Features of the Protein Engineering Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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