Protein Engineering Market Size Growing at 9.2% CAGR to Cross USD 2,679 million by 2028

By Ashwin Naphade  | Date: November 03, 2022

Protein Engineering Market Size Growing at 9.2% CAGR to Cross USD 2,679 million by 2028

As per recent citations, Global Protein Engineering Market size is expected to increase from USD 1,447 million in 2021 to USD 2,679 million by 2028, garnering a CAGR of 9.2% over the evaluated period. Protein engineering is the process by which a researcher modifies a protein sequence through substitution, insertion, or deletion of nucleotides in the encoding gene, with the goal of obtaining a modified protein that is more suitable for a particular application or purpose than the unmodified protein.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global protein engineering market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the protein engineering industry.

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This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, technology, application, end user, and region. The global market for protein engineering can be segmented by product: instruments, reagents, software & services. The reagents segment was the largest contributor to the global protein engineering market in 2021. Protein engineering market is further segmented by technology: directed evolution, rational protein design. According to the research, the rational protein design segment had the largest share in the global protein engineering market. Based on application, the protein engineering market is segmented into: coagulation factors, colony stimulating factors, growth factors, insulin, interferon, monoclonal antibodies, vaccines, others. On the basis of end user, the protein engineering market also can be divided into: academic & research institutes, contract research organizations (CROs), pharmaceutical & biopharmaceutical companies. Globally, the pharmaceutical & biopharmaceutical companies segment made up the largest share of the protein engineering market. Protein engineering market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

By product:

- instruments

- reagents

- software & services

By technology:

- directed evolution

- rational protein design

By application:

- coagulation factors

- colony stimulating factors

- growth factor

- insulin

- interferon

- monoclonal antibodies

- vaccines

- others

By end user:

- academic & research institutes

- contract research organizations (CROs)

- pharmaceutical & biopharmaceutical companies

By region:

- Asia Pacific

- Europe

- North America

- Rest of the World (RoW)

The report also provides analysis of the key companies of the industry and their detailed company profiles including Agilent Technologies, Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, GenScript Biotech Corporation, Merck KGaA, PerkinElmer Inc., Promega Corporation, Thermo Fisher Scientific Inc., Waters Corporation, among others.

Questions And Answers: Global Protein Engineering Market

Q1. What is the CAGR that the Protein Engineering Market is expected to register through the projected duration?

Answer: The Protein Engineering Market is likely to register a CAGR of 9.2% over the forecast period.

Q2. How much is the Protein Engineering Market expected to be worth by the end of the year 2028?

Answer: Protein Engineering Market is likely to surpass a mammoth of USD 2,679 million by the end of 2028.

Q3. Which Are the Key Players in Global Protein Engineering Market?

Answer: Agilent Technologies, Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, GenScript Biotech Corporation, Merck KGaA, PerkinElmer Inc., Promega Corporation, Thermo Fisher Scientific Inc., Waters Corporation, among others.

For More Details on This Report: https://www.marketstudyreport.com/reports/global-protein-engineering-market-2022-2028              

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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