FELTON, California, August 27, 2018 /PRNewswire/ --
The global Protein Expression Market is anticipatedto grow at a CAGR of 10.4% by 2025 and is expected to cross USD 3.0 billion in the forecast period. Protein expression could prove to be a complex process, since each protein requires intracellular milieu to significantly
Protein expression industry is driven by factors such as rise in protein production, biologics production, and research. Rise in demand for biologics by manufacturers also propels the market growth in the forecast period. Increase in R&D activities, governments' investments, effective mergers and acquisitions are also expected to drive the growth of protein expression market in the forecast period. On the other hand, prevalence of chronic diseases such as cancer, asthma, and arthritis are likely to add to the market growth. However, stringent regulations imposed by governing authorities for drug approvals are expected to hinder the market growth in the forecast period.
The protein expression industry is segmented as expression systems, product, application and geography. Product segmentation for protein expression market includes mammalian cell, yeast, insect, and prokaryotic. Prokaryotic expressions are anticipated to grow at a higher CAGR in the forthcoming period due to high revenue generating segment and increase in production capacity.
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Application segment includes research, diagnostics, and therapeutics. "Therapeutic" segment is further sub-segmented into insulin, antibodies, growth factors, blood factors, enzymes, and interferons. "Therapeutic" application is expected to grow at an enormous CAGR in the forecast period owing to increase in production of biologics. The segment is also anticipated to grow rapidly in the forecast period due to rising popularity of therapeutic drugs over generic drugs. "Research" application is further anticipated to grow at a substantial CAGR in the forecast period due to increase in government funding and high accuracy.
Geographical segmentation for protein expression industry includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. North American market is expected to account for a significant market share in the forthcoming period due to rise in government investment coupled with rise in biopharmaceutical and biotechnology sector as well as presence of well-defined healthcare infrastructure.
Asia-Pacific's protein expression market is expected to grow at a positive CAGR in the upcoming period due to availability of untapped potential opportunities. Middle Eastern and African markets are anticipated to grow at a positive CAGR in the forecast period owing to improving healthcare infrastructure and increasing base of medical professionals in these areas. The key players in the protein expression industry include Agilent Technologies, Bio-Rad Laboratories Inc, Thermo Fisher Scientific Inc, New England Biolabs, Merck KGaA, Qiagen, Promega Corporation and Takara Bio Inc.
Browse reports of similar category available with Million Insights:
Expression Systems Outlook (Revenue, USD Million; 2014 - 2025)
Product Outlook (Revenue, USD Million; 2014 - 2025)
Application Outlook (Revenue, USD Million; 2014 - 2025)
End-Use Outlook (Revenue, USD Million; 2014 - 2025)
Regional Outlook (Revenue, USD Million; 2014 - 2025)
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