Protein engineering is the design and construction of novel proteins or enzymes with desired properties by manipulation of their genes. The basic approaches of protein engineering are rational design, directed evolution and semi-rational design. Rational design is a computational design which requires amino acid sequence, 3D structure and functional knowledge of protein of interest.
Directed evolution imitates the natural process of evolution by reducing the time frame of evolution from millions of years to few months or weeks. A combination of rational design and directed evolution gives a new approach with improved properties and function of enzymes called as semi-rational design.
Protein engineering finds application in the areas of food and detergent manufacturing, environmental bioremediation, medicine, biopolymer production, nanobiotechnology and industrially important enzyme production.
The global protein engineering market is driven by rising prevalence of protein deficient chronic diseases and the demand for alternatives to chemical processes. However, the market is constrained due to lack of experts to strategize the process and huge costs of the process.
The global protein engineering market can be segmented by end user: biotechnology companies, pharmaceutical companies, academic institutions, and contract research organisations (CRO); by product type: modified proteins, insulin, monoclonal antibodies, modified enzymes, blood factors, tissue plasminogen activator and fusion proteins; and by technology: irrational protein design and rational protein design.
The global protein engineering market has also been geographically segmented into Asia Pacific, Europe, Middle East and North Africa (MENA), North America and Rest of the World, with North America dominating the global market. Asia Pacific is also an emerging market which has a scope for growth and can potentially dominate the market in the future.
The growth of protein engineering market globally is majorly associated to the increasing prevalence of the use of protein engineering in healthcare institutes and hospitals. The major companies dominating this market with its products, services, and continuous product developments are Eli Lilly, Novo Nordisk, Roche, Biogen, Amgen, Fusion Antibodies, Genzyme, and Abbott. However, capitalisation on patents is a major challenge faced by the market players.
Key Deliverables in the Study
Market analysis for the global protein engineering market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the protein engineering market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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