Protein Expression Technology Market Value to More than Double by 2029
Protein expression alludes to the technique in which proteins are incorporated, adjusted and managed in living beings. The innovation associated with the procedure incorporates utilization of articulation vectors, reagents and competent cells. A research report by FMI gives an in-depth analysis of the various protein expression technologies in its new publication titled “Protein Expression Technology Market: Global Industry Analysis (2014-2018) and Opportunity Assessment (2019-2029)”. It includes the market forecast for the revenue share and CAGR during the projected period i.e. 2019 to 2029.
According to this extensive research, the global protein expression market expected to increase at a CAGR of 7% during the forecast period of 2019-2029. The estimates are based on a systematic primary and secondary research, considering the major drivers, restraints that are limiting the market and also the trends following the global protein expression technology market.
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Global Protein Expression Technology Market: Dynamics
The growth of global protein technology market is contributed mostly by the advancements in technology. It is also accompanied by many other factors that are helping in the expansion of market. The major drivers are enhanced sales network and distribution channels, increasing demand in proteomics and biologics and growing demand for therapeutic antibody research. However, there are also a few factors that are limiting the growth of global protein expression technology market like in-house development of expression systems, high cost associated with expression vectors and other reagents, complex workflow and also low protein production which has the maximum restraining force.
Key Takeaways from Protein Expression Technology Market Study
- There is steady demand for mammalian expression systems, as these offer exceptionally high-yield protein with a wide array of applications such as protein structural analysis and antibody production.
- FMI reports that, North America is anticipated to be a prominent market for protein expression technology, owing to developed biotechnology infrastructure, favorable government policies, financial grants for laboratory research, and increase in R&D investments.
- Reagents such as antibodies, oligomers, etc., are widely used in protein expression technology for desired transformation of an organic substance, finds FMI.
- The commercial success of the protein expression technology market is highly dependent on cancer research studies, which could serve multiple purposes such as identification of proteins associated with diseases, presence of necrotic agents, and assessment of structural and functional abnormalities in protein anatomy.
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More Valuable Insights on Protein Expression Technology Market
Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2029. The global protein expression technology market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to the reader. The study provides compelling insights on the protein expression technology market on the basis of expression system (insect cell expression systems, prokaryotic expression systems, mammalian expression systems, and yeast expression systems), product type (expression vectors, reagents, competent cells, and instruments), application (drug discovery, protein purification, protein therapeutics, and diseases diagnostic & monitoring), and end user (biotechnology companies, pharmaceutical companies, contract research organizations, and academic research institutes), across seven major regions.
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Global Protein Expression Technology Market: Competitive Landscape
This comprehensive research report has included profiles of major players involved in protein synthesis technologies. Major companies such as Lonza AG, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, QIAGEN N.V., Takara Bio, Inc., Fujifilm Diosynth Biotechnologies USA, Genscript Biotech Corporation, Promega Corporation, Hudson Robotics, Inc., New England Biolabs, Inc., Merck Millipore, GeneCopoeia, Inc., Bioneer Corporation and Oxford Expression Technologies Ltd.
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