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 report by Grand View
Research:
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
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o Japan
o China
o India
·
Latin America
o Brazil
o Mexico
·
MEA
o 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.
