Protein Expression Market Is Predicted To Grow Quickly Due To Growing Demand For Novel Biologic Product Till 2025: Grand View Research, Inc.
The global protein expression market is
expected to reach USD 3.0 billion by the year 2025 growing at a CAGR of 10.4%,
according to a new report by Grand View Research, Inc. The growing demand for
biologics and expansion of the biopharmaceutical industry have resulted in
massive growth of the protein expression market. Rising demand for therapeutic
proteins such as insulin, hormones, monoclonal antibodies,and vaccines is a
major factor that propels growth of the market during forecast period. Thus,
many biotechnology and pharmaceuticals companies have begun to concentrate on
the development and manufacturing of advanced therapeutic proteins for the
treatment of severe chronic diseases such as cancer, hemophilia, infectious
diseases, anemia, and multiple sclerosis.
Increasing investment in the R&D,
by biotechnology and pharmaceutical companies, is another major factor
supporting the sector growth. The availability of new and advanced technologies
to cater the needs of drugs & biologics product manufacturers boosts the
adoption of protein expression products for research and manufacturing
applications. In addition, several pharmaceutical and biotechnology
manufacturers are undergoing collaborations and partnerships to achieve
leadership in the sector. For instance, in December 2016, Takara Bio, Inc.
signed a merger agreement with Rubicon Genomics, Inc. to strengthen its
genomics business.
Browse full research report on Protein Expression Market: http://www.grandviewresearch.com/industry-analysis/protein-expression-market
Further Key Findings From The Report Suggest:
- Prokaryotic expression systems segment was the
largest revenue-generating amongst others owing to its large application
in biologics and drug productions
- Mammalian cell expression systems is the fastest
growing segment of the protein expression market owing to its growing
demand for proteomics research and biologics manufacturing
- Reagents segment held the largest revenue share in
the market, which is attributed to its repetitive purchase fortherapeutic,
industrial, and research applications
- The services segment is projected to grow at highest
rate due to increasing trend of outsourcing of protein expression services
by research labs and drug manufacturers
- Therapeutic application segment was leading in 2016,
due to high demand of therapeutic proteins for the treatment of cancer,
infectious diseases, anemia, hemophilia, and multiple sclerosis
- The pharmaceutical and biotechnological companies
segment dominated the sector in terms of revenue in 2016 due to rising
focus on proteomics research and increasing production of biologics
products
- North America was the leading regional market in 2016
and is expected to maintain its dominance during the forecast period,
because of the presence of large number of biopharmaceutical and
biotechnology companies in this region
- The Asia Pacific region is projected to grow at a
highest CAGR during the forecast period owing to untapped opportunities in
the developing countries including China and India
- Some of the major players include Agilent
Technologies, Inc., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific
Inc., Merck KGaA, New England Biolabs, Promega Corporation, Qiagen, and
Takara Bio, Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the global protein
expression market on the basis of expression systems, product, application, end-use,
and region:
Expression Systems Outlook (Revenue, USD Million; 2014 -
2025)
- Prokaryoticexpression
systems
- Mammalian
cell expression systems
- Insect
cell expression systems
- Yeast
expression systems
- Other
expression systems
Product Outlook (Revenue, USD Million; 2014 - 2025)
- Reagents
- Competent
cells
- Expression
vectors
- Services
- Instruments
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Therapeutic
- Industrial
- Research
End-Use Outlook (Revenue, USD Million; 2014 - 2025)
- Pharmaceutical
and biotechnological companies
- Academic
research
- Contract
research organizations
- Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-protein-expression-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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