Global Protein Engineering Market 2022-2028
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. According to Gen Consulting Company, the 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.
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.
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).
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