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Protein Engineering Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032

The global protein engineering market size was worth around USD 2.16 billion in 2023 and is predicted to grow to around USD 5.27 billion by 2032 with a compound annual growth rate (CAGR) of roughly 10.40% between 2024 and 2032.

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Protein engineering is the process by which unique, beneficial, and valuable proteins are created. A proliferation of protein engineering techniques has become a reality in recent times, primarily due to the swift advancements in biological sciences, including recombinant DNA technology. Protein engineering can be accomplished through the utilization of two primary methodologies: directed evaluation and rational protein design. Low immunogenicity and high specificity characterize proteins. Proteins can undergo diverse modifications to serve as therapeutic agents. Protein engineering enables the utilization of synthetic proteins for beneficial purposes in clinical research.

A substantial increase in research funding, the development of pharmaceutical industries and biotechnological innovations, a growing emphasis on targeted drug development, and the advancement of clinical and analytical techniques are key factors that are anticipated to propel the global protein engineering market during the forecast period. In addition, it is expected that the growing preference for protein-based drugs over non-protein-based drugs, driven by the potential advantages of targeted effects, will contribute to the anticipated expansion of this market during the projected period.

A company market share analysis is included in the report to provide a more comprehensive picture of the market’s major participants. Furthermore, the report encompasses significant strategic advancements within the market, such as research and development, partnerships and collaborations, partnerships and acquisitions, the introduction of new products, agreements and mergers, regional expansion of the market’s major players, and collaborations and joint ventures. Furthermore, the research investigates the application portfolios of numerous companies and an analysis of price trends by region.

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The Global Protein Engineering Market is segmented based on product, application and region

Global Protein Engineering Market: Product Segment Analysis

● Instruments
● Reagents
● Services and Software

Global Protein Engineering Market: Application Segment Analysis

● Academic Research Institutes
● Pharmaceutical and Biotechnology Companies
● Contract Research Organizations

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The global Protein Engineering market profiles key players such as:

● GE Healthcare
● AB-Sciex
● Agilent Technologies
● Sigma-Aldrich Corp
● Bio-Rad Laboratories, Inc
● Perkin Elmer
● Thermo Fisher Scientific
● Bruker Corp
● Waters Corp

Analysis of the Protein Engineering Market by Region

In 2018, North America dominated the global protein engineering market by region. This regional dominance is expected to persist throughout the forecast period. The substantial investments in drug development, widespread commercialization of advanced engineering tools, and high adoption of protein-based pharmaceuticals all contribute to this region’s expansion. The Asia-Pacific region is expected to experience substantial growth in the coming years due to heightened government support, an increase in the prevalence of protein deficiency diseases, and the region’s substantial unmet medical requirements.

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