Growing R&D Activities to Push the Global Protein Expression Market to Garner $2491.67 Million by 2028 – marketscreener.com

According to an analysis by Triton Market Research on the global protein expression market, the industry, which generated $950.67 million in the year 2019, will grow with a CAGR of 11.30% by 2028.

A study by Triton Market Research with the title 'Global Protein Expression Market,' covers the Global Analysis and Forecast for 2019-2028 by Application (Industrial, Research, Therapeutic), by Product Type (Instruments, Reagents, Services, Expression Vectors, Competent Cells), by End-user (Pharmaceutical & Biotechnology Companies, Contract Research Organizations, Academic Research Institutes, Other End-users), by Geographical Region (Asia-Pacific, Latin America, North America, Middle East and Africa, Europe).

Protein expression refers to the manufacturing of proteins through the manipulation of the gene expression. It is used in the fields of genetic engineering and recombinant technologies.

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As per the report, the global protein expression market is anticipated to reach $2491.67 million by 2028, showcasing a CAGR of 11.30% over the projected years between 2019 and 2028.

The increasing prevalence of chronic diseases like diabetes and cardiovascular disorders is instigating demand for better treatment options, thereby driving the growth of the protein expression market. Protein expression systems are majorly used in therapeutic applications. Besides, the growing R&D activities in the field of genomics and proteomics are also favoring the market growth. However, the huge cost of the protein expression and reagents is impeding the growth of the protein expression market.

The protein expression market is segmented into three parts, application, product type and end-user. The first segment, application, includes industrial, research and therapeutic. The second segment, product type, is divided into instruments, reagents, services, expression vectors and competent cells. The last segment, end-user, divides into pharmaceutical & biotechnology companies, contract research organizations, academic research institutes and other end-users.

Considering the regional landscape, Asia-Pacific is predicted to be the fastest-growing market for protein expression over the projected period. There are several research organizations engaged in the fields of genomics and proteomics in countries like South Korea and India. The government of these countries are implementing various initiatives to develop R&D activities. Huge investments have also been made by the government towards the development of the proteomics market in South Korea. Besides, protein expression has immense potential to solve issues pertaining to medicine, food and fuel needs. This is likely to increase the adoption of protein expression in the region. Further, many public and private organizations in this market are increasingly engaging in collaborations, which is influencing the market positively.

Major companies in the protein expression market are Thermo Fisher Scientific Inc, GenScript, Takara Holdings Inc, Bio-Rad Laboratories Inc, Lonza, Biotechrabbit, Merck KGaA, Agilent Technologies Inc, Qiagen, Promega Corporation, New England Biolabs, BD (Becton, Dickinson and Company), LifeSensors, Peak Proteins Ltd and ProMab.

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Question & Answer: Protein Expression Market

Question 1: Which are the factors driving the growth of the protein expression market?

Answer: The increasing prevalence of chronic diseases like diabetes and cardiovascular disorders is instigating demand for better treatment options, thereby driving the growth of the protein expression market. Protein expression systems are majorly used in therapeutic applications. Besides, the growing R&D activities in the field of genomics and proteomics is also favoring the market growth.

Question 2: What factor is impeding the growth of the protein expression market?

Answer: The huge cost of the protein expression and reagents is impeding the growth of the protein expression market.

Question 3: How is Asia-Pacific impacting the protein expression market outlook?

Answer: Considering the regional landscape, Asia-Pacific is predicted to be the fastest-growing region for protein expression over the projected period. There are several research organizations engaged in the fields of genomics and proteomics in countries like South Korea and India. The government of these countries is implementing various initiatives to develop R&D activities.

Huge investments have also been made by the government towards the development of the proteomics market in South Korea. Besides, protein expression has immense potential to solve issues pertaining to medicine, food and fuel needs. This is likely to increase the adoption of protein expression in the region. Further, many public and private organizations in this market are increasingly engaging in collaborations, which is influencing the market positively.

Question 4: Which are the major companies in the protein expression market?

Answer: Major companies in the protein expression market are Thermo Fisher Scientific Inc, GenScript, Takara Holdings Inc, Bio-Rad Laboratories Inc, Lonza, Biotechrabbit, Merck KGaA, Agilent Technologies Inc, Qiagen, Promega Corporation, New England Biolabs, BD (Becton, Dickinson and Company), LifeSensors, Peak Proteins Ltd and ProMab.

Related Report:

Global Biotechnology Reagents Market

The Global Biotechnology Reagents Market is likely to generate $144.74 billion by the year 2028, with a CAGR of 9.54% in the forthcoming years between 2019 and 2028.

Protein profiling is used to diagnose specific illnesses like cancer or infectious diseases like hepatitis and malaria, where particular proteins are released in the serum. Biotechnology reagents are used as a substrate in protein profiling in the diagnosis of cancer. Besides, there has been an alarming increase in the occurrence of cancer across the world. All these factors indicate an increased adoption of biotechnology reagents in the market.

There is an increase in research activities in environmental biotechnology across the world. Environmental biotecnology is used to detect & prevent the emission of pollutants in the environment. The rising R&D in this sector is likely to create business opportunities for the biotechnology reagents market. Stem cell research is another potential application of the studied market. In recent times, increasing expenditure has been witnessed in this sector, leading to an increase in the number of discoveries in stem cell research. This is likely to push the demand for the biotechnology reagents market over the coming years.

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Growing R&D Activities to Push the Global Protein Expression Market to Garner $2491.67 Million by 2028 - marketscreener.com