Originally published on Technavio:Protein Expression Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, UK, Germany, China, Japan - Size and Forecast 2023-2027**
Protein Expression Market Forecast 2023-2027
The estimated growth of the Protein Expression Market is USD 2,450.45 million at a CAGR of 13.7% between 2022 and 2027.
Studying proteins enhances the understanding of post-translational modifications, leading to improved knowledge of functional proteins. Initiatives to accelerate protein research have increased, enabling innovations such as highly tolerant beans in extreme conditions. This extensive protein research, requiring protein assays, is fostering the acceptance of proteomics research. Technological progress, including parallel sample processing and miniaturization, encourages researchers in drug discovery, diagnostics, and protein production.
The report includes an in-depth analysis of drivers, trends, and challenges, examining historic data from 2017 to 2021 and the current market scenario.
Solution Analysis
Products
The significant growth in the products segment, including instruments and consumables, is anticipated during the forecast period. Consumables, such as reagents, kits, buffers, dyes, probes, and chemicals, form part of the market for proteomic studies. Consumables, being less expensive, witness increased demand, supported by vendors offering discounts on bulk supplies to researchers. The rise in proteomic studies further boosts the demand for consumables, contributing to market growth throughout the forecast period.
End-user Analysis
Pharmaceutical and Biotechnological Companies
Pharmaceutical and biotechnological companies play a vital role in the global market, actively involved in research, development, and production of therapeutic proteins, enzymes, and biologically active molecules. Protein expression technologies are crucial for drug discovery, diagnostics, and industrial processes. Academic research also contributes significantly to market growth, fostering innovation and expanding the understanding of protein expression.
Regional Analysis
Protein Expression Market Share by Geography
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North America is expected to contribute 37% to the global market's growth during the forecast period. Increased funds for protein research in the US and Canada, supported by asset management firms, drive research applications and increased returns on investments. Advanced protein research in these countries makes them major revenue contributors, with the ACA promoting interactions among scientists for advances in experimental and computational research.
Key Players
Companies employ various strategies, such as alliances, partnerships, mergers, acquisitions, geographical expansion, and product/service launches, to enhance their market presence. The report provides detailed analyses of the competitive landscape of the market, including information about 20 companies.
Market Dynamics
Multiple factors influence market growth, analyzed with 2022 as the base year. Key drivers include the rise in usage in the food industry for analyzing protein content, ensuring food quality and safety. Significant trends include the increasing importance of promotional activities to enhance product visibility. A major challenge is the lack of skilled laboratory professionals due to the technical complexity of protein expression techniques.
Key Market Customer Landscape
The market report covers the adoption lifecycle, from innovator’s stage to laggard’s stage, focusing on adoption rates in different regions based on penetration. It also includes key purchase criteria and drivers of price sensitivity to assist companies in evaluating and developing growth strategies.
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The market, driven by advancements like protein-protein interaction (PPI) patterns and biomarkers, witnesses robust growth with product launches and pipelines from companies like Novartis Institutes for Biomedical Research and Vicinitas Therapeutics. Universities contribute to research in protein engineering and recombinant proteins. Stringent regulations, especially from the U.S-FDA, govern this market. End-use segments, including therapeutic and biopharmaceutical companies, drive demand.
The market report forecasts growth and revenue at global, regional, and country levels, providing analysis of trends and growth opportunities from 2017 to 2027.
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