According to Inkwood Research, the Global Protein Expression Market is projected to register a CAGR of 10.99%
in terms of revenue during the forecasting years of 2019-2028.
“Browse 41 Market Data Tables and 44 Figures spread over 155
Pages, along with an in-depth TOC on the Global Protein Expression Market Forecast 2019-2028.”
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Protein expression is the biotechnological procedure that
entails the generation of precise proteins. The proteins are formed through the
manipulation of gene expression. This procedure results in the expression of
large amounts of the recombinant gene in organisms. It has further opened up the
possibilities of isolation and expression of heterologous proteins for
industrial, clinical, and research purposes. This has ultimately led to
advancements in recombinant technologies and genetic engineering.
Growing
R&D Activities in Proteomics and Genomics Propel Market Growth
The in vitro or cell-free protein expression encompasses the
expression of proteins without the living cells. The time-saving nature of the cell-free protein expression method is
one of the major advantages, in terms of the traditional production of proteins
in cells. Proteomics is the study of an entire
set of proteins produced by a cell type for understanding its function and
structure. The study of the whole genome
of an organism is known as Genomics. The better protein expression paves the
way for a better understanding of overall
structure and function. Significant investments from major pharma companies are
set to be beneficial or market growth. The rising R&D in the field of
proteomics and genomics, along with the aforementioned factors, are estimated
to propel the overall growth of the market.
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Services
Category Leads the Product Type Segment with the Highest CAGR
Protein expression comprises
several service categories like recombinant antigens for vaccine development,
proteins for structure studies, proteins for use in diagnostic kits, protein
microarrays, protein-protein, and ligand
interactions studies, proteins for functional studies and enzymatic assays,
drug screening target, biomarker development, and protein libraries. The
services segment is projected to have
augmented market growth, owing to the rising trend of services for custom
optimization of protein expression. The service providers are equipped with
state-of-art facilities, advanced products, research specialists, etc. all of which
are set to drive the demand for protein
expression services by research laboratories and manufacturers.
Asia
Pacific Projected to Bag the Highest CAGR by 2028
The utilization of protein expression in therapeutics due to
its benefits, is one of the most important factors augmenting the market growth
of the region. The region also offers lucrative market growth opportunities,
along with having benefits like increased healthcare expenditure, surging
application of protein expression, and the presence of key players. Other
factors complementing market growth include, enhanced healthcare standards,
technological advancements, and rising disposable incomes. Moreover, the
growing awareness in terms of timely detection of medical conditions contributes to market growth in the
region.
The factors evaluated to hinder the entry of new competitors
to the market are high capital requirements for expression system manufacture
and other cell-free protein expression products. There is a high scope for
competition in the market supplemented by innovative products. At the same
time, low competition between offline and online companies and low advertising expenses and firm concentration ratios are set to diminish the intensity of
competitive rivalry. The major companies maintaining their position in the
market include, Agilent Technologies Inc, Becton, Dickinson and Company, and
Bio-Rad Laboratories Inc.
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