The protein engineering market is expected to grow from USD 2.2 billion in 2019 to USD 3.9 billion by 2024, at a CAGR of 12.4% during the forecast period. The increasing investments in synthetic biology and the growing focus on protein-based drug development by pharmaceutical and biotechnology companies are driving the growth of this market. However, factors such as the high cost of instruments and laboratory documentation systems are expected to limit market growth during the forecast period.
The process of creating functionally valuable proteins or enzymes is known as protein engineering. It is based on the use of recombinant DNA technology to change the amino acid sequence. It is used to produce large amounts of enzyme, to create biological substances, and to develop a superior enzyme to catalyse the production of certain high-value chemicals. Numerous protein engineering techniques exist today as a result of the rapid advancement of biological research.
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Global Protein Engineering Market: Top Key Players
Genscripts Usa
Agilent Technologies
Perkinelmer
Bruker Corporation
Waters Corporation
Thermo Fisher Scientific
Sigma-Aldrich Corporation
Danaher Corporation
Bio-Rad Laboratories
Global Protein Engineering Market: By Types
Monoclonal Antibodies
Insulin
Erythropoietin
Interferon
Colony Stimulating Factor
Growth Hormones
Coagulation Factor
Vaccines
Others
Global Protein Engineering Market: By Applications
Academic Research Institutes
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Global Protein Engineering Market: By Countries
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
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