Market Research Future has recently added another
market study to its extensive research portfolio, titled “Protein Engineering
Market Research Report - Forecast to 2024”. The report offers intelligent
insights and uses thorough examination of market factors to gauge market size
and development.
Global Protein
Engineering Market is expected to grow at a CAGR of approximately 6.2%
during the forecast period 2017–2023.
Key
Players:
Agilent
Technologies (U.S.), AB-Sciex (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker
Corp. (U.S.), GE Healthcare (U.K.), Perkin Elmer (U.S.), Sigma-Aldrich Corp.
(U.S.), Thermo Fisher Scientific (U.S.), and Waters Corp. (U.S).
Market
Scenario:
Proteins,
the building blocks of the body, are large biomolecules made up of amino acids.
They perform various functions such as DNA replication, catalyzing metabolic
reactions, transporting molecules from one location to another, and responding
to stimuli. Furthermore, proteins also have a wide range of applications in the
diagnosis of disease and treatment development. Protein engineering involves
designing and constructing new proteins by modifying amino acid sequences to
produce enzymes and desired properties and the synthesis of proteins with a
particular structure. This technology helps us to understand the basics of how
enzymes function and have evolved, and it is the key method of improving enzyme
properties for applications in pharmaceuticals, green chemistry, and biofuels.
The major
objective of protein engineering is to produce biological compounds which include
a synthetic peptide, storage protein, and synthetic drugs which will be
superior to a normal one and create an enzyme which is superior in its
properties to produce high-value chemicals in large quantities.
The
global protein engineering market is driven by the increasing demand for new
technologies having their application in healthcare and by the growth in
research and development activities for improving health outcomes using novel
technologies. Furthermore, the emergence of trends in protein identification
and tracking and the increasing use of protein studies in research activities
drive the growth of this market. However, there are various factors that may
hinder the growth of the market such as expensive instruments used in protein
engineering that require huge maintenance and lack of trained personnel.
Segmentation:
The Global
Protein Engineering Market is segmented to the basis of type, method,
application, and end-users.
On the
basis of type, the market is segmented into instrument, reagents, and services
and software.
On the
basis of method, the market is segmented into rational protein design and
directed evolution.
On the
basis of application, the market is segmented into food and detergent
industries, environment applications, medical applications, biopolymer
production, and nanobiotechnology.
On the
basis of end-user, the market is segmented into academic research institutes,
pharmaceuticals and biotechnology companies, and contract engineering
organizations.
Regional
Analysis:
Globally,
protein engineering market consists of four regions, namely, Americas, Europe,
Asia Pacific, and the Middle East and Africa. North America is the largest
market owing to the concentration of major market players and increase in a
number of biotechnology and pharmaceutical companies. The U.S. is the largest
market in North America followed by Canada. In the U.S., extensive protein
engineering technologies and methods and availability of
technologically-advanced devices and instruments for research also drive the
growth of the market.
Europe is
the second largest market for protein engineering which is majorly driven by
the increasing demand for protein engineering methods and technologies and the
overall growth of research and development sector in major countries such as
Germany, the U.K., and France. Furthermore, the growth in funding for protein
engineering and emphasis on drug discovery are other factors expected to drive
the growth of the market during the review period.
Asia
Pacific shows the fastest growth which is driven by the rising prevalence of
lifestyle diseases such as heart diseases, diabetes, obesity, and others and
need for new technologies with their application in healthcare.
The
Middle East and Africa shows a steady but positive growth with an increase in
the demand for new drugs and devices for diagnosis and the treatment of
diseases and improvement in healthcare infrastructure.
Table
of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Type Ology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
… Continued!
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