The global protein engineering market is
expected to reach USD 3.09 billion by 2025, according to a new report by Grand
View Research, Inc. The market is driven by presence of regulatory authorities
consistently striving to reduce time and cost involved in the drug discovery
process. One such example is the launch of critical path initiative by U.S.
FDA, for incorporation of advanced technologies, such as protein engineering,
in drug discovery processes. Moreover, this facilitates prediction of probable
adverse reactions & toxicity and improves efficacy of target molecules
early on, resulting in lowered drug attrition rates in the later stages. This
is anticipated to help control overall expenditure. Rise in R&D expenditure
by countries indicates the urgent need for adoption of these tools in all drug
discovery and development processes.
The rising number of government
initiatives aimed at enhancing protein engineering capabilities is anticipated
to present the market with high growth potential. This has resulted in a
significant rise in number of research activities & programs and fund
allotment for R&D. For instance, Protein Engineering Network of Centres of
Excellence (PENCE) contributed approximately USD 1.0 million for proteomics
projects and hosted conferences on proteomics in Canada as an effort to broaden
research associated with this technology.
Browse full research report on Protein Engineering Market:
http://www.grandviewresearch.com/industry-analysis/protein-engineering-market
Further Key Findings From
the Report Suggest:
- Hybrid approach is predicted to observe exponential
growth as a consequence of technological superiority and ability to
overcome the shortcomings associated with the aforementioned technologies
- Software & services is expected to emerge as the
fastest growing segment owing to high inclination of companies to
outsourcing of services to achieve overall cost-efficiency
- Monoclonal antibodies held the largest share in
protein-type segment due to development of these antibodies on a large
scale through extensive adoption of these engineering tools
- North America held a substantial share, which can be
attributed to extensive research activities that are likely to provide
high potential growth platform through consistent usage in this region
- The market in Asia Pacific is projected to exhibit
exponential growth over the coming years owing to rising awareness
pertaining to benefits of protein engineering and increasing disposable
income
- The competition is marked by players employing
strategies such as mergers & acquisitions and distribution agreements
resulting in significant growth in their market share
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the global protein
engineering market on the basis of technology, product, protein type, end-use,
and region:
Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Rational
Protein Design
- Directed
Evolution
- Hybrid
Approach
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Instruments
- Reagents
- Software
& Services
Protein Type Outlook (Revenue, USD Million, 2014 - 2025)
- Insulin
- Monoclonal
Antibodies
- Vaccines
- Growth
Factors
- Colony
Stimulating Factors
- Coagulation
Factors
- Interferon
- Others
End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Academic
Research Institutes
- CROs
- Pharma
& Biotech Companies
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- Middle
East & Africa
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-protein-engineering-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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