Global Protein Expression Market
Global Protein Expression Market Size More Than Doubles to Reach USD 7.2 Billion by 2029
Published | 17 February 2023
The global protein expression market is gaining traction because of the increasing investments in R&D protein expression by biopharmaceutical companies and growing adoption of recombinant-based protein expression.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global protein expression market size at USD 3.12 billion in 2022. During the forecast period between 2023 and 2029, the global protein expression market size is projected to grow at an impressive CAGR of 12.63% reaching a value of USD 7.16 billion by 2029. The growing use of protein expression in the biopharmaceutical and life sciences sector for the development of novel medications and treatments is one of the major growth reasons for the global protein expression market. Protein expression is the subject of intensive research and development efforts as a result of the rising incidence of cancer and other chronic diseases throughout the world, which is fueling the market's expansion.
Global Protein Expression Market – Overview
The process through which proteins are created, altered, and controlled in living organisms is referred to as protein expression. The analysis of protein expression in cancer cells may provide details about a particular type of cancer, the optimal course of treatment, and the effectiveness of a particular course of treatment. For further studies, such as identifying the three-dimensional structure of proteins, as chemical instruments or probes, or as novel classes of pharmaceuticals, among others, expressed protein products that are functional and exhibit traits comparable to their native counterparts are helpful.
Global Protein Expression Market – By End User
Based on end users, the global protein expression market is segmented into pharmaceutical and biotechnology companies, contract research organizations and contract development and manufacturing organizations (CROs and CDMOs), academic research institutes, and others. The pharmaceutical and biotechnology company segment accounts for the highest market share. Protein expression is widely used in pharmaceutical and biotechnology companies to carry out research and develop new drugs. CROs are also gaining traction owing to increasing outsourcing of research activities at lower costs which helps companies increase their profit margins.
Impact of COVID-19 on Global Protein Expression Market
The unprecedented COVID-19 pandemic outbreak brought various growth opportunities for the global protein expression market. According to earlier research, the novel coronavirus infects people via infecting epithelial cells by connecting with the human ACE2 receptor protein on their surface. As a result, extensive research activities surrounding the study of the protein expression status of angiotensin-converting enzyme 2 (ACE2) to understand the hypothesized correlation of the level of ACE2 expression in lungs with an increased risk of severe infection and complications in COrona VIrus Disease 2019 (COVID-19). Several other types of research like these with the application of protein expression also played a crucial role in tackling the COVID-19 pandemic.
Major players operating in the global Protein Expression market include Thermo Fisher Scientific, Inc., Merck KGaA, GenScript Biotech Corporation, Agilent Technologies, Inc., Takara Bio, Inc., Bio-Rad Laboratories, Inc, Qiagen N.V, Charles River Laboratories, Inc., Danaher Corporation, Sartorius AG, Corning Incorporated, FUJIFILM Irvine Scientific, Inc., Lonza Group AG, Bioneer Corporation, Promega Corporation, and Oxford Expression Technologies Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Protein Expression Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Protein Expression Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Protein Expression Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By System Type (Mammalian Cell Expression Systems, Prokaryotic Expression Systems, Insect Cell Expression Systems, Yeast Expression Systems, Cell-free Expression Systems, Algal-based Expression Systems); By Application (Therapeutic, Research, Industrial); By End User (Pharmaceutical & Biotechnology companies, Contract Research Organizations & Contract Development and Manufacturing Organizations (CROs & CDMOs), Academic Research Institutes, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: February 2023
Increasing application of protein expression in the pharmaceutical and life sciences industries for the development of new drugs and treatments and growing adoption of recombinant-based protein expression are expected to drive global protein expression market during the forecast period between 2023 and 2029.
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