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The protein engineering market size is forecast to increase by USD 3.6 billion at a CAGR of 19.03% between 2023 and 2028.
The protein engineering industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Protein engineering is a critical field in biotechnology, driving innovation in various industries, including healthcare and diagnostics. The market encompasses the development of affinities, AI-designed proteins, antibodies, and enzyme R&D for applications in cancer treatment, cardiovascular repair, chronic diseases, and diagnostics. Protein engineering plays a significant role in addressing protein deficiency disorders, autoimmune diseases, and protein-energy malnutrition. Advancements in protein engineering include the use of contract research organizations, synthetic biology, and rational protein design to generate biomedicines such as monoclonal antibodies, interferons, erythropoietin, and coagulation factors. Insulin, a widely used protein-based therapy, is another key application. Manufacturing processes for proteIn therapeutics have evolved, with companies like Ginkgo Bioworks and Ginkgo Enzyme Services employing advanced host strains and synthetic biology for large-scale production.
Protein engineering significantly impacts patient outcomes and personalized therapies, contributing to the growth of precision medicine. Diagnostics, including bioluminescent diagnostic and testing kits, benefit from protein engineering In the development of targeted therapies and vaccines. In the context of cancer, protein engineering is instrumental in addressing breast cancer and other forms of the disease, as outlined in Canadian Cancer Statistics and other reports. The sector's growth is fueled by increasing R&D spending and the development of novel technologies.
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The Instruments segment was valued at USD 725.80 billion in 2018 and showed a gradual increase during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American the market is characterized by a robust research and development (R&D) ecosystem, driven by leading pharmaceutical companies, biotechnology firms, and academic institutions. This region is at the forefront of protein engineering innovations, with a focus on biopharmaceutical applications. The development of novel therapeutic proteins, such as monoclonal antibodies, enzymes, and cytokines, is a significant driver in North America. Protein engineering is used to create new proteins with desired properties, including affinities for specific targets, AI-designed proteins, and improved therapeutic efficacy. This technology is applied to various therapeutic areas, including cancer, cardiovascular conditions, chronic and lifestyle disorders, and protein deficiency disorders.
Protein engineering is also used In the production of insulin, erythropoietin, interferons, and coagulation factors. Contract research organizations and manufacturing processes play a crucial role In the development and commercialization of protein-based therapies. The market also includes the development of bioluminescent diagnostic and testing kits for diseases such as breast cancer and autoimmune diseases. Diagnostics, enzyme R&D, and vaccine development are other areas of application for protein engineering in North America. The market is expected to grow due to increasing funding for R&D, the potential for personalized therapies and precision medicine, and the growing prevalence of chronic diseases such as diabetes and cardiovascular conditions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Demand for improved food and industrial products is the key driver of the market.
Adoption of generative AI in protein engineering is the upcoming market trend.
What challenges does the Protein Engineering Industry face during its growth?
Lack of knowledge of protein structure is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The protein engineering market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the protein engineering market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, protein engineering market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Agilent Technologies Inc. - The market refers to the industry dedicated to the modification and production of proteins for various applications, including pharmaceuticals, agriculture, and industrial biotechnology. This field involves the use of advanced molecular biology techniques to manipulate protein structures and functions, leading to improved product performance and novel applications. Proteins are essential biological macromolecules that play crucial roles in cellular processes and are responsible for the structure, function, and regulation of many biological systems. Protein engineering offers significant benefits, including increased protein stability, enhanced functionality, and reduced production costs. The market for protein engineering services and technologies is expected to grow steadily due to the increasing demand for biopharmaceuticals, agricultural biotechnology, and industrial enzymes. Protein engineering applications span diverse industries, from healthcare and agriculture to energy and materials science, making it a dynamic and innovative field with vast potential for future advancements.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Protein engineering, a discipline of molecular biology, has emerged as a significant area of research and development In the biotechnology industry. This field focuses on the modification of proteins to enhance their properties for various applications, including therapeutics, diagnostics, and industrial processes. Protein engineering involves the manipulation of the genetic code of an organism to produce modified proteins with desirable characteristics. These modifications can include alterations to the protein sequence, structure, or expression levels. The application of protein engineering in biotechnology has led to the development of various products and services, such as enzyme R&D, contract research organizations, and protein-based therapies.
One of the primary drivers of the market is the growing demand for personalized therapies and precision medicine. Proteins play a crucial role In the functioning of the immune system and are involved In the development of various chronic and lifestyle disorders, including cancer, cardiovascular conditions, diabetes, and autoimmune diseases. Protein engineering enables the creation of targeted therapies that can specifically address these disorders, leading to improved patient outcomes. Another area of significant growth In the market is the development of synthetic biology and rational protein design. Synthetic biology involves the design and construction of new biological parts, devices, and systems, while rational protein design is the use of computational methods to predict and design new protein structures.
These approaches have led to the development of AI-designed proteins, including antibodies and interferons, which have shown promise in various applications. Protein engineering also plays a crucial role In the development of bioluminescent diagnostic kits and vaccines. Bioluminescent testing kits utilize proteins that emit light when exposed to specific stimuli, making them ideal for the detection of various diseases and conditions. Similarly, protein engineering is essential In the development of vaccines, as it enables the production of antigens that can stimulate an immune response without causing the disease. The market is expected to grow significantly In the coming years due to the increasing demand for protein-based therapies and the growing investment in R&D.
The development of new manufacturing processes and the use of host strains with improved protein expression levels are also expected to drive market growth. In conclusion, protein engineering is a rapidly growing area of research and development In the biotechnology industry. The ability to modify proteins to enhance their properties has led to the development of various products and services, including therapeutics, diagnostics, and industrial processes. The growing demand for personalized therapies and precision medicine, along with the development of synthetic biology and rational protein design, are expected to drive market growth In the coming years.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.03% |
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Market growth 2024-2028 |
USD 3602 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
15.51 |
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Key countries |
US, UK, Germany, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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